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Latest

Procore goes public, stock jumps 34%

By   /  Thursday, May 20th, 2021  /  Banking & Finance, Earnings, Latest news, right, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Procore goes public, stock jumps 34%

Procore CEO Craig "Tooey" Courtemanche sits in his office at the company's Carpinteria headquarters (Nik Blaskovich photo)

Editor’s note: This article was updated after the market closed at 1 p.m. to reflect Procore’s closing price. Carpinteria-based Procore Technologies began trading on the New York Stock Exchange on May 20 and saw its share price shoot up 33.7% on its first day, to close at $89.59. Procore priced shares of its initial public Read More →

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Latest

Cure reports net loss, rising revenue in Q1

By   /  Tuesday, May 18th, 2021  /  Banking & Finance, Central Coast Health Watch, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Cure reports net loss, rising revenue in Q1

Oxnard-based Cure Pharmaceutical saw another spike in revenue in the first quarter of 2021, but net losses also continued to grow. Cure had $1.5 million in revenue in the quarter ended March 31, up 400% from the first quarter of 2020, according to the company’s earnings report, released May 17. The bulk of that growth Read More →

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Latest

Procore awaits IPO

By   /  Monday, May 17th, 2021  /  Banking & Finance, Latest news, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Procore awaits IPO

Editor’s note: This article was updated May 19 to reflect the fact that Procore did not begin trading that day. The Carpinteria-based software company Procore Technologies expects to raise around $615 million in an IPO scheduled for no later than May 21. The Procore IPO is on the New York Stock Exchange’s calendar for the Read More →

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Latest

Teledyne closes $8.2B Flir acquisition

By   /  Friday, May 14th, 2021  /  Banking & Finance, East Ventura County, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Teledyne closes $8.2B Flir acquisition

Thousand Oaks-based Teledyne Technologies completed its purchase of Flir Systems on May 13 when the stockholders of each company approved the $8.2 billion deal, Teledyne announced May 14. Flir, a thermal imaging company based in Oregon with a large presence in Goleta, is now part of Teledyne’s Digital Imaging Segment and operates under the name Read More →

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Revenue up at MannKind, but losses mount

By   /  Wednesday, May 12th, 2021  /  Banking & Finance, Biotech, Central Coast Health Watch, Earnings, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Revenue up at MannKind, but losses mount

Westlake Village-based biotech company MannKind saw a slight bump in revenue in the first quarter thanks to its product Afrezza, but net losses continued to climb. MannKind released its earnings after the markets closed on May 12. It ended the day down 8.6% and regained 0.25% on May 13, to close at $4.03. MannKind, which Read More →

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Latest

Sonos shares up after strong earnings report

By   /  Wednesday, May 12th, 2021  /  Banking & Finance, Earnings, Latest news, left, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Sonos shares up after strong earnings report

Sonos saw a record second quarter as it reported $17.2 million in net income on May 12, up from a steep loss the year before, and beat analysts’ expectations. The Santa Barbara-based home sound system producer went from a net loss of $52.3 million, or 48 cents per share, in the second fiscal quarter of Read More →

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AeroVironment chairman to retire

By   /  Wednesday, May 12th, 2021  /  Banking & Finance, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on AeroVironment chairman to retire

AeroVironment, a Simi Valley-based drone and robotics company, announced May 11 that its chairman of the board, Tim Conver, plans to retire later this year. He will be replaced as chairman by Wahid Nawabi, AeroVironment’s president and CEO. Conver has been a member of the board since 1988 and chairman since 2007. He was CEO Read More →

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