PETALUMA, Calif., June 12, 2014 (GLOBE NEWSWIRE) -- Oculus Innovative Sciences, Inc. (Nasdaq:OCLS) today announced financial results for the fourth quarter of fiscal year 2014, ended March 31, 2014. Net income increased $9.9 million to $7.5 million, mostly due to the accounting treatment of Oculus’ investment in Ruthigen. Total revenues were $2.9 million for the fourth quarter, down $421,000, as compared to $3.3 million for the same period in the prior year. Product revenue, including product licensing fees received, was down $509,000, or 16%, with decreases in United States, Mexico and China, which was partially offset by revenue growth in Europe, Middle East, India and Singapore.
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