MEMSIC Reports Q4 EPS of $(0.05) vs. $(0.09)

MEMSIC, Inc. MEMS today announced financial results for the fourth quarter ended December 31, 2010.

Revenues rose to $11.4 million from $5.6 million in the fourth quarter of 2009.

Net loss in the 2010 fourth quarter was $1.1 million, or $0.05 per diluted share, compared to net loss of $0.8 million, or $0.03 per diluted share, in the prior-year period.