News

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.

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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

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Keywords: Neovasc, Earnings Report