Calavo Growers reports record revenues but net income down
Santa Paula-based Calavo Growers reported record first quarter revenues of $226.6 million, up from $204.6 million a year ago, but net income fell to $5.2 million from $6.3 million a year ago. The revenue growth was fueled by the performance of Calavo’s fruit and vegetables company Renaissance Food Group, which showed a 29 percent rise Read More →
Interlink net income grows on higher revenues
Story updated at 11 a.m. March 6: Interlink Electronics reported a 67 percent year-over-year increase in net income March 3, bringing in $924,000 for the fourth quarter 2016 and $2.89 million for the year. Revenues were almost flat to the fourth quarter of 2015 at $2.78 million, while fiscal year revenues increased 13 percent to Read More →
Stellar Biotechnologies gets immunotherapy manufacturing contract
Port Hueneme immunotherapy company Stellar Biotechnologies announced an exclusive multi-year supply agreement with Taiwanese manufacturer Amaran Biotechnology. The agreement coincides with late-stage clinical studies for an immunotherapy called Adagloxad Simolenin, which treats cancers including metastatic breast cancer. The two companies will also develop the manufacturing process for Stellar’s Keyhole Limpet Hemocyanin conjugated vaccine, made from Read More →
Inogen reports huge increase in net income
Inogen, a maker of portable oxygen concentrators based in Goleta, announced a 77 percent increase in net income Feb. 28 on fourth quarter revenues of $50.9 million. Sales revenues grew 47.2 percent over the same quarter in 2015, to $42.6 million. Net income for the quarter was $5.3 million, bringing the company up to $20.5 Read More →
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 →
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 →
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 →
