Benzinga’s Top Pre-Market Losers (HEAT, LINC, CAGC, VVUS)

SmartHeat Inc (NASDAQ: HEAT) decreased 10.14% to $11.25 in the pre-market session. SmartHeat announced today revenues of $82.56 million for fiscal year 2009, as compared to $32.68 million in 2008. Net income for 2009 was $15.44 million, up 144% as compared to $6.34 million in 2008. The 52-week trading range for HEAT is $5.01 - $18.60. SmartHeat has gained over 5% in the last six months.

Lincoln Educational Services Corporation (NASDAQ: LINC) fell 3.40% to $25.60 in the pre-market session. Lincoln Educational Services announced yesterday a public offering of 3,000,000 shares of its common stock by a selling stockholder. The 52-week trading range for LINC is $13.99 - $28.17. LINC has surged over 15% in the last six months.

China Agritech Inc. (NASDAQ: CAGC) declined 3.91% to $25.78 in the pre-market session. China Agritech reported today a fourth-quarter GAAP net loss of $6.66 million or $0.39 per share, as compared to a net income of $1.06 million or $0.09 per share, in the prior year period. The 52-week trading range for CAGC is $1.84 - $30.75. CAGC has climbed over 290% in the last year.

VIVUS, Inc. (NASDAQ: VVUS) fell 2.25% to $8.70 in the pre-market session. VIVUS announced today that it has terminated the Development and Commercialization Agreement with FemPharm Pty Ltd. (a wholly owned subsidiary of Acrux Limited) for Luramist™, a metered dose transdermal application of testosterone for women. VIVUS closed at $8.90 in the last trading session. In the last six months, VVUS has declined over 14%.