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Neovasc posts 4Q profit

RICHMOND, British Columbia (AP) _ Neovasc Inc. (NVCN) on Thursday reported fourth-quarter net income of $37.2 million, after reporting a loss in the same period a year earlier.

The Richmond, British Columbia-based company said it had profit of 47 cents per share.

The medical device company posted revenue of $2.8 million in the period.

For the year, the company reported that its loss widened to $86.5 million, or $1.28 per share. Revenue was reported as $9.5 million.

In the final minutes of trading on Thursday, the company's shares hit $1.68. A year ago, they were trading at $4.11.


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


Keywords: Neovasc, Earnings Report