Energy Vault SPAC deal nearing completion
Westlake Village-based Energy Vault will be listed on the New York Stock Exchange in the coming weeks, if its merger with a special purpose acquisition company gets final approval at the SPAC’s shareholder meeting on Feb. 10. Energy Vault, which uses a gravity-based system to store energy generated by renewable sources, announced plans in September Read More →
Bank of the Sierra reports earnings growth for Q4 and full year of 2021
Bank of the Sierra, a Central Valley-based bank with nine branches in the tri-county region, reported record earnings for 2021, with net income up more than 20% from the previous year. Sierra Bancorp is the parent company of Bank of the Sierra and is headquartered in Porterville, in Tulare County. It reported net income of Read More →
January slump has many of region’s stocks near 52-week lows
The stock market downturn that brought the Nasdaq close to correction territory has taken its toll on tri-county companies, with more than a dozen trading at or close to a 52-week low at the close of trading on Jan. 19. Among larger cap stocks of companies headquartered in the tri-county region, Olaplex, based in Montecito, Read More →
Trade Desk adds tech marketing pioneer to board
Andrea “Andy” Cunningham, who early in her career helped launch the Apple Macintosh computer, has joined the board of directors of The Trade Desk, the Ventura-based internet advertising company announced Jan. 18. Cunningham worked closely with Steve Jobs at Apple, and managed marketing campaigns for his other companies, Pixar and NeXT. She is the founder Read More →
Community Bank of Santa Maria reports income, asset growth
Community Bancorp of Santa Maria saw its net loans decline in the fourth quarter of last year, but reported increases in net income and total assets, reflecting what the bank called “significant growth” in 2021. The bank’s net income increased nearly 30%, from $2.209 million in the fourth quarter of 2020 to $2.85 million in Read More →
Inogen shares drop despite projected revenue growth
Goleta-based Inogen expects minor revenue growth in the fourth quarter of 2021 but major growth for the full fiscal year, according to preliminary estimates the company released Jan. 10. The portable oxygen concentrator manufacturer expects to see revenue in the range of $75.9 million to $76.9 million for the three months ended December 31, growth Read More →
Limoneira reports growing revenue and shrinking losses for Q4
Limoneira ended its 2020-21 fiscal year on a strong note, with growing revenue and shrinking losses in the fourth quarter, the Santa Paula-based agribusiness announced Jan. 10. Limoneira — a grower and seller of lemons, avocados and other fruits and also a real estate developer — generated $33.5 million in revenue during the fourth quarter Read More →
