Invuity, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended Dec. 31, 2017. For the quarter, the company reported revenue of $11,228,000 compared to $9,356,000 a year ago. Loss from operations was $6,636,000 compared to $9,073,000 a year ago. Net loss was $7,407,000 or $0.43 per basic and diluted share compared to $9,550,000 or $0.56 per basic and diluted share a year ago.

For the year, the company reported revenue of $39,619,000 compared to $32,461,000 a year ago. Loss from operations was $35,259,000 compared to $38,680,000 a year ago. Net loss was $39,918,000 or $2.34 per basic and diluted share compared to $40,609,000 or $2.73 per basic and diluted share a year ago.

For the first quarter the company reported that it expects total revenue in the first quarter to be approximately $9.5 million. The company is anticipating just under 45% of revenues to come in the first half with just over $0.55 to come in the second half.

For fiscal 2018, the company expects revenue to exceed $46 million. The company expects disposable revenue to grow in excess of 25% in 2018. The company announced that cash used in operations in 2017 was $28.4 million, and the company anticipates that number to continue to decline in 2018.