Monday, June 29, 2020

Companies in Marin County in the San Francisco Bay Area Posted Total Pretax Earnings Which Declined By an Off-the-Charts 4,537% in the 1Q of 2020 From the 1Q of 2019

From a review of Company SEC filings, I found 9 Companies headquartered in Marin County, 2 in Sonoma County and one each in Solona and Napa Counties all in the San Francisco Bay Area which filed their 1Q 2020 financial statements with the SEC.

The table below shows the US GAAP Pretax Income (Loss) From Continuing Operations for the first quarter of both 2020 and 2019 for each of these 13 Companies.


US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
First First (Worse)
Quarter Quarter %
Cos in Smaller San Francisco Bay Area Counties 2020 2019  Change
All Cos Filing 1Q 2020 Financial Statements With SEC City HQs mils $ mils $
Marin County California Companies
Autodesk  San Rafael                   91                    9
WestAmerica Bancorporation  San Rafael                   22                  25
BioMarin Pharmaceutical  San Rafael                 101                (53)
Bank of Marin Bancorp  Novato                   10                  10
Hennessy Advisors  Novato                     3                    4
Ultragenyx Pharmaceutical  Novato               (119)                (97)
Four Corners Property Trust  Mill Valley                   19                  18
Redwood Trust  Mill Valley               (965)                  55
RH  Corte-Madera                   (5)                  48
Total all 9 Marin County California Companies              (843)                  19 -4537%
Sonoma County California Companies
Luther Burbank  Santa Rosa                   11                  17
Keysight Technologies  Santa Rosa                 108                193
Total all 2 Sonoma County California Companies                119                210 -43%
Solano County California Company
First Northern Community Bancorp  Dixon                     4                    6 -34%
Napa County California Company
Crimson Wine Group  Napa                   (2)                  (1) -72%