Loveland-based Heska doubles profit, posts record revenue

LOVELAND – Heska Corp. (Nasdaq: HSKA) doubled net income in 2015 and enjoyed record revenue for the year, according to the company’s year-end earnings report released Thursday.

The Loveland-based provider of veterinary diagnostic and specialty products reported 2015 net income of $5.2 million, or 74 cents per diluted share, up from $2.6 million, or 41 cents per share, for 2014.

Revenue for the year climbed 16 percent to $104.6 million.

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For the fourth quarter, Heska saw net income of $2 million, or 28 cents per share, up from $829,000, or 12 cents per share, in 2014.

The company finished 2015 with $6.9 million in cash and $22.4 million in working capital. The company grew stockholders equity during the year from $53.1 million to $63.5 million.

Despite the fourth-quarter numbers beating analysts’ expectations, however, Heska’s share price was down 7.2 percent to $31.20 in mid-afternoon trading.