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Local Tech Wire

DURHAM, N.C. – Boosted by increases in product sales, reported a much smaller loss for the fourth quarter of 2009 than expected on Thursday.

Before the markets opened, Inspire (Nasdaq: ISPH) said it lost $2.6 million, or 3 cents per share, as revenue surged to $29.6 million from $18.9 million a year earlier.

Wall Street analysts polled by Thomson First Call had forecast a loss of 11 cents.

A year earlier, Inspire lost $9.7 million, or 17 cents per share.

For the year, Inspire lost $40 million, or 60 cents per share. That was a near 30 percent improvement from 2008 when the company lost $51.6 million, or 91 cents a share.

Drug industry veteran Adrian Adams took over as chief executive officer of Inspire on Feb. 22, replacing longtime CEO Christy Shaffer.