Categories Earnings, Health Care

Neovasc (NVCN) Q4 2019 Earnings Snapshot

— Neovasc (NASDAQ: NVCN) reported a comprehensive loss of $1.45 per share for Q4 2019 vs. a loss of $5.07 per share in the prior-year quarter.

— Revenue rose 8% to $0.57 million vs. $1.16 million expected.

— Expenses declined 6% to $10.03 million.

— The company stated that it started the year with strong Reducer revenues in January and February and were on track for the best revenue quarter ever, until the effects of the COVID-19 crisis were abruptly felt. 

— NVCN stock declined about 9% during the after-hours of trading.

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