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Montecito Bank & Trust
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AppFolio revenues grow, losses shrink

By   /  Monday, February 27th, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on AppFolio revenues grow, losses shrink

AppFolio announced an increase in fourth quarter and full year revenues Feb. 27, decreasing its net losses per share by around a third compared to 2015. The Goleta-based company’s revenues for the quarter ended Dec. 31 grew 37 percent to $28 million, up from $20.4 million during the same period the prior year. Full year Read More →

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LTC Properties reports increase in net income

By   /  Thursday, February 23rd, 2017  /  Earnings, Latest news, Tri-County Public Companies  /  Comments Off on LTC Properties reports increase in net income

Westlake Village-based LTC Properties announced a 15.7 percent increase in net income to $20.6 million, or 53 cents per diluted share, for the quarter ended Dec. 31. Revenues increased from $30.8 million for the fourth quarter of 2015 to $34.8 million for the fourth quarter of 2016, attributed in part to higher investing activities. Interest Read More →

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Resonant agrees to sell $7.5 million in stock to Longboard

By   /  Tuesday, February 21st, 2017  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on Resonant agrees to sell $7.5 million in stock to Longboard

Goleta-based radio frequency front-end designer Resonant agreed to allow its stockholder Longboard Capital Advisors to purchase $7.5 million worth of stock and stock warrants. Expected to close Feb. 22, each unit in the offering will be sold for $4.61, the average closing price for Resonant common stock between Feb. 3 and Feb. 16. In addition, Read More →

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The Trade Desk stock up 8 percent as firm sells 5 million shares

By   /  Tuesday, February 21st, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on The Trade Desk stock up 8 percent as firm sells 5 million shares

Shares of Ventura-based The Trade Desk jumped 8 percent to $35.00 as the company announced the launch of a 5 million share offering by current investors. At the company’s closing price on Feb. 21, the offering would have a gross value of around $165 million before a possible 10 percent overallotment, as disclosed in the Read More →

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San Luis Obispo’s MindBody closes in on profitability

By   /  Friday, February 17th, 2017  /  Earnings, right, Technology, Tri-County Public Companies  /  Comments Off on San Luis Obispo’s MindBody closes in on profitability

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Latest

The Trade Desk reports strong income growth

By   /  Thursday, February 16th, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on The Trade Desk reports strong income growth

The Trade Desk reported a 29 percent increase in net income in its fiscal year 2016 earnings statement Feb. 16 and filed a proposal with the Securities and Exchange Commission for a follow-on stock offering. The Ventura advertising platform company made $10.3 million in the fourth quarter of 2016 for a total of $20.5 million Read More →

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AeroVironment releases pilot program details at expo

By   /  Wednesday, February 15th, 2017  /  Agribusiness, East Ventura County, Latest news, Technology, Tri-County Public Companies  /  Comments Off on AeroVironment releases pilot program details at expo

Unmanned aircraft systems company AeroVironment published details from its pilot program and debuted a new drone and support system at the World Ag Expo and National Farm Machinery Show Feb. 14 in Tulare, CA. Based in Monrovia, with operations in Simi Valley, the company partnered with farmers and universities to develop a drone that would Read More →