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InSite net income increases to $26.8 million in 2014

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InSite Vision reported 2014 net income of $26.8 million, or $0.20 per share, compared with $5.8 million, or $0.04 per share, in 2013, according to a press release.

Revenues in 2014 were $8.2 million compared with $30.8 million in 2013. A decline in royalty payments contributed to the lower revenues.

In the fourth quarter of 2014, total revenues decreased to $0.4 million compared with $1.1 million in the same quarter in 2013.

Net loss in the fourth quarter totaled $2.4 million, or $0.02 per share, compared with a loss of $5 million, or $0.04 per share, in the fourth quarter 2013.