Tri-county region’s total farm revenue up 4.6% in 2020
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Procore posts loss in first post-IPO quarter
In its first earnings report since going public, Procore Technologies, a Carpinteria-based software company for the construction industry, delivered record revenue growth, but rising operating costs hurt overall earnings. Revenue rose 27.7% for the quarter ended June 30, the company reported on Aug. 5. Procore generated $122.8 million, up from $96.5 million in the same Read More →
Inogen shares plummet after news of supply chain problems
Shares of the Goleta-based medical device company Inogen dropped by 27% on Aug. 5, the day after the company released its second quarter 2021 earnings. Though the maker of portable oxygen concentrators saw big increases in both revenue and earnings, uncertainty brought on by the semiconductor chip shortage led to a huge selloff of Inogen Read More →
Highway 101 widening on tap for Ventura County
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Inogen sees revenue growth, but stock declines after report
Inogen, a Goleta-based medical device company specializing in portable oxygen concentrators, is starting to see its core business come back from the pandemic, and the company highlighted double-digit year-over-year growth in both earnings and revenue in its second quarter financial results, released Aug. 4. The company more than doubled its net income for the quarter Read More →
Houweling’s Tomatoes will become state’s biggest cannabis greenhouse
Houweling’s Tomatoes is closing its 125-acre Camarillo greenhouse and selling the facility to a cannabis grower — a deal made possible by a Ventura County ballot measure last year that was sponsored and supported by a company affiliated with Houweling’s. Houweling’s, an indoor tomato and cucumber grower that has been in the Camarillo area since Read More →
Houweling’s to close Camarillo greenhouse, lay off 486 workers
Houweling’s Tomatoes, an indoor tomato and cucumber grower based in Camarillo, will lay off nearly 500 employees and will cease operations by the end of September, according to a notice filed with the state of California and county of Ventura. California’s Worker Adjustment and Retraining Notification Act, or WARN, requires companies to notify state and Read More →
