IMRIS increases revenue in Q4, FY 2012

Image-guided therapy developer IMRIS reported revenue increases in its fourth quarter and 2012 fiscal year (end-December 31).

Revenues increased by 1%, from $51.8 million in 2011 to $52.4 million in 2012. The company also reported a net loss of $27.8 million in 2012, compared with $20.9 million in 2011.

In the fourth quarter, revenues increased to $20.1 million, up 37% from $14.7 million during the same period in 2011. However, the company's fourth-quarter net loss increased as well, to $6.6 million, compared with $5 million in the same quarter the previous year.

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