News

Neovasc posts loss of $7.6 million in 1st quarter

RICHMOND, B.C. – RICHMOND, British Columbia (AP) _ Neovasc Inc. (NVCN) on Friday reported a loss of $7.6 million in its first quarter.

On a per-share basis, the Richmond, British Columbia-based company said it had a loss of 16 cents. Losses, adjusted for non-recurring costs, came to 10 cents per share.

The medical device company posted revenue of $2 million in the period.

The company’s shares closed at $3.25. A year ago, they were trading at $8.60.

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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