Neovasc Inc. (NVC.V) Tuesday said its loss for the first quarter widened from last year, due mainly to an increase in non-cash share-based payments, notwithstanding a 46 percent growth in revenues.
The Richmond, Canada-based company reported a first-quarter net loss of C$1.27 million or C$0.03 per share, compared to C$973 thousand or C$0.02 per share last year, affected primarily by an increase in non-cash share-based payments of C$227 thousand.
Total revenues for the quarter surged to C$1.71 million from C$1.17 million in the prior-year quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.