Arcutis shares down after earnings report
Westlake Village-based Arcutis Biotherapeutics suffered a net loss in the first quarter of fiscal year 2021, but continues to hold a strong financial position with $446.5 million in assets. According to earnings released May 4, Arcutis lost $36 million in the first quarter, or 76 cents per share, compared to a loss of $28 million, Read More →
Atara beats estimates with loss in Q1
Atara Biotherapeutics had a net loss of $78.2 million in the first quarter of fiscal year 2021, slightly higher compared than same quarter a year earlier, when the company had a loss of $73.5 million. Despite this, Atara, an immunotherapy biotech company based in South San Francisco with some of its major operations in Thousand Read More →
Fienup: A long road to get economy out of ‘crisis mode’
Ventura County’s economy was in a rougher place than previously understood when the pandemic started, and rebuilding it in a way that benefits everyone is going to take a lot of careful work. That was the message from Matthew Fienup, the executive director of the Center for Economic Research and Forecasting at California Lutheran University, Read More →
United to fly to Santa Maria in October
United Airlines has begun booking flights for the fall out of Santa Maria Public Airport, after repeated delays due to the COVID-19 pandemic. United had originally planned to open in Santa Maria in June 2020. That was changed to March 2021, and the later date was abandoned as well as the pandemic dragged on. The Read More →
Community West earnings nearly double in first quarter
Community West Bancshares saw its net income rise by almost 90% year-over-year as it decreased its provision for loan losses and increases its dividends. The Goleta-based parent company of Community West Bank released its first quarter earnings on May 3, including $3 million in net income for the quarter, or 35 cents per diluted share. Read More →
805 Law Roundup: Santa Barbara firm disbands
The Santa Barbara law firm of Fell, Marking, Abkin, Montgomery, Granet & Raney closed effective Feb. 28. It was a “natural winding down,” according to a news release from Frederick “Rick” Montgomery, one of the firm’s co-founders. Montgomery, a family law specialist, opened his own firm in Santa Barbara after Fell Marking closed. Other attorneys Read More →
LTC Properties reports income drop
LTC Properties saw its net income drop almost 80% in a year as it missed estimates and saw decreased rental income. The Westlake Village-based real estate investment trust, which specializes in health care and senior living properties, reported $13.6 million in net income, or 35 cents per diluted share, for the first quarter of 2021. Read More →
