Olaplex reports rising income and revenue in first post-IPO earnings report
The Montecito-based hair care products company Olaplex released what it called a “strong” third-quarter earnings report on Nov. 10, its first quarterly report since the company’s initial public offering in September. Olaplex was founded in Santa Barbara using technology developed by UC Santa Barbara chemists and went public on Sept. 30, the same day its Read More →
AppFolio reports small loss for Q3
AppFolio, a Goleta-based property management software company, fell just short of breaking even during the third quarter of 2021, missing analysts’ expectations despite delivering a slight revenue beat. AppFolio, which has seen earnings decline in each of the past three quarters, delivered a net loss of $101,000 in the third quarter of 2021, down from Read More →
Procore’s revenue and losses both grew in Q3
Carpinteria-based Procore Technologies saw its losses continue to mount but its revenue continue to accelerate when the company released its financial results for the third quarter of 2021 on Nov. 4. Procore, a construction software management company, had revenue increase 30% year-over-year, to $132 million in the third quarter of 2021, as the company lso Read More →
Trade Desk shares jump 30% on Q3 earnings report
Shares of The Trade Desk jumped nearly 30% on Nov. 8, following the company’s announcement of its third quarter earnings, which beat analysts’ expectations and highlighted continued growth for one of the leading companies in the advertising technology space. The Trade Desk, a Ventura-based ad tech company, delivered net income in the third quarter of Read More →
Atara reports growing losses, but plenty of cash left
Atara Biotherapeutics continued seeing losses in the third quarter of fiscal year 2021, but has enough cash on hand to remain solvent as it awaits news on its tab-cel therapy treatment in early 2022. Atara, a South San Francisco-based immunotherapy based company with major operations in Westlake Village, reported net losses of $84.7 million in Read More →
Economist in SLO: ‘odd recovery,’ but economy ‘on fire’
History shows that natural disasters have had “little” long-term economic impact, according Chris Thornberg, an economist who spoke at the annual Central Coast Economic Forecast on Nov. 5 in San Luis Obispo. In spring 2020, the United States economy abruptly came to a sudden halt as public health officials issued restrictions, such as stay-at-home orders Read More →
PennyMac Financial reports profit while investment trust records loss in Q3
Westlake Village-based PennyMac Financial Services saw its net income drop in the third quarter compared to the year before, but officials reported “exceptional financial performance” in other areas in earnings released Nov. 4. The mortgage lender and loan servicer reported net income of $249.3 million in the third quarter, or $3.80 per share on a Read More →
