Sientra increases sales but legal settlement doubles losses
Sientra increased net sales more than 30 percent for its second quarter ended June 30 but net losses doubled to $20.4 million, or $1.07 per share. The Goleta breast implant designer and manufacturer brought in $8.2 million in sales, up from $6.2 million for the second quarter of 2016, primarily for its breast products. Its Read More →
Inphi stock up despite reporting net loss for quarter
Inphi stock shot up more than 4 percent Aug. 8 after the semiconductor company reported a 39 percent increase in revenues but still posted a $15 million net loss. Revenues grew to $84.4 million during the quarter ended June 30, compared to $60.5 million in the second quarter of 2016. Net income fell from nearly Read More →
Salem Media Group reports drop in revenues, net income
Christian and conservative radio and publishing company Salem Media Group, based in Camarillo, reported a decline in second quarter revenues to $66.1 million and net income down more than 60 percent to $1.3 million. Digital media, broadcast, and publishing revenues all saw slight declines. Operating expenses also decreased for the quarter ended June 30, compared Read More →
Mannkind reports net loss for second quarter
Mannkind reported $2.16 million in revenues Aug. 7, for a net loss of around $35.3 million for its second quarter, and announced the launch of a clinical trial for its inhalable insulin product Afrezza in partnership with One Drop. Revenues came primarily from the Westlake Village biotech company’s product sales, with $615,000 from collaborations and Read More →
AppFolio CEO Brian Donahoo retiring
Updated at 2:45 p.m.: AppFolio reported an increase in its net income and the retirement of its president and CEO Brian Donahoo effective Aug. 8. Donahoo, 53, will be replaced by Jason Randall, who has served as senior vice president for both the company’s Property Manager and MyCase divisions and held leadership and product development Read More →
Montecito Bank & Trust reports growth in deposits, loans and net income
Montecito Bank & Trust grew its assets 5.7 percent over the last 12 months and reported net income of $8.1 million for the first six months of 2017, up 12.5 percent from the prior year. In the earnings release Aug. 4, the Santa Barbara company said a 20.5 percent increase in loan growth year-over-year and Read More →
Deckers Brands sales up 20 percent year-over-year
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