MannKind stock dips on report of 2020 losses, but company touts fourth quarter comeback
MannKind Corp. struggled during 2020, but impressive financial results from its final quarter could be a sign of good things to come for the Westlake Village biotech company. MannKind, which develops drugs and treatments for those suffering from diabetes and pulmonary arterial hypertension, reported a net loss of $57.2 million in fiscal year 2020, up Read More →
Inogen announces net loss, predicts better 2021
Goleta-based Inogen reported declines in both revenue and net income due to the COVID-19 pandemic on Feb. 24, when the maker of portable oxygen concentrators released its financial results for the fourth quarter and full year of 2020. Total revenue for the fourth quarter was $74 million, a decline of 6.3% from the same quarter Read More →
LTC Properties reports income jump in fourth quarter
LTC Properties saw steady returns and a higher net income than a year ago when it reported its finances for the fourth quarter of 2020. The Westlake Village-based real estate investment trust, which focuses on senior housing and health care properties, reported net income of $17.5 million, or 45 cents per diluted share, for 2020’s Read More →
Trade Desk reports record revenue in 2020, but shares drop with no 2021 guidance
The Trade Desk ended its 2020 fiscal year on strong note, with 26% growth in revenue and 123% growth in net income from 2019, according to the fourth quarter and full year financial results the Ventura-based internet advertising company released Feb. 18. Trade Desk CEO Jeff Green spotlighted the company’s continued market share gain, as Read More →
Arcutis shares flat on earnings report
Arcutis Biotherapeutics saw a steep rise in operating expenses resulting in a 183% increase in net loss compared to the previous year when the company revealed its fourth quarter and full-year financial results on Feb. 16. However, the Westlake Village biotech company is still in high spirits, as the company is in a “strong financial Read More →
Sonos shares rise on earnings beat
Sonos saw a big bump in its stock after the markets closed Feb. 10 after the Santa Barbara-based home audio company released a strong earnings report for the first quarter of its fiscal year 2021. Sonos saw an 87% increase in net income and a 15% increase in revenue for the quarter that ended Jan. Read More →
Montecito Bank & Trust reports growth in assets, deposits and income
Montecito Bank & Trust saw its total assets grow more than 20% during 2020, on the back of strong loan production, deposit growth and higher net income, the bank said Feb. 5. The bank’s total assets grew $344.1 million, a boost of about 21.4% from the previous year, bringing Montecito Bank & Trust’s total assets Read More →
