Elevate your local knowledge

Sign up for the iNFOnews newsletter today!

Select Region

Selecting your primary region ensures you get the stories that matter to you first.

Neovasc posts fourth-quarter loss of $7.4 million

RICHMOND, B.C. – RICHMOND, British Columbia (AP) _ Neovasc Inc. (NVCN) on Tuesday reported a loss of $7.4 million in its fourth quarter.

On a per-share basis, the Richmond, British Columbia-based company said it had a loss of 11 cents.

The medical device company posted revenue of $2.2 million in the period.

For the year, the company reported that its loss widened to $26.7 million, or 41 cents per share. Revenue was reported as $9.9 million.

In the final minutes of trading on Tuesday, the company’s shares hit $4.22. A year ago, they were trading at $9.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NVCN at http://www.zacks.com/ap/NVCN

_____

Keywords: Neovasc, Earnings Report

News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community?

Create a free account

The Associated Press

The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.

Related Articles