March 1, 2012 / 10:22 PM / 5 years ago

UPDATE 1-IMRIS installs fewer products, posts loss

March 1 (Reuters) - Surgical imaging devices maker IMRIS Inc posted a fourth-quarter loss, hurt in part by delayed product installations.

The company expects 2012 revenue of $57 million to $60 million. The company also expects first-quarter revenue of about $4 million.

At Dec. 31, IMRIS's backlog was $95 million.

For October-December the company lost $5 million, or 11 cents a share, compared with a profit of $970,000, or 2 cents a share, a year ago.

Revenue fell about 41 percent to $14.7 million.

Shares of the company closed at C$2.67 on the Toronto Stock Exchange, while its U.S.-listed shares closed at $2.70 on the Nasdaq. (Reporting by Shounak Dasgupta in Bangalore; Editing by Don Sebastian)

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