U.S. Markets closed

Neovasc: 4Q Earnings Snapshot

RICHMOND, British Columbia (AP) _ Neovasc Inc. (NVCN) on Thursday reported fourth-quarter net income of $11.6 million, after reporting a loss in the same period a year earlier.

The Richmond, British Columbia-based company said it had profit of 51 cents per share. Losses, adjusted for non-recurring gains, were 15 cents per share.

The medical device company posted revenue of $523,400 in the period. Its adjusted revenue was $523,000.

For the year, the company reported that its loss widened to $108 million, or $7.63 per share. Revenue was reported as $1.7 million.

In the final minutes of trading on Thursday, the company's shares hit 47 cents. A year ago, they were trading at $10.64.

_____

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 https://www.zacks.com/ap/NVCN