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Velan Inc. (VLN)

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5.64 -0.14 -2.42%

26/04 - Closed. Currency in CAD ( Disclaimer )

Type: Equity

Market: Canada

Volume: 5,600
Bid/Ask: 5.60 / 5.77
Day's Range: 5.53 - 5.78

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TSX:VLN Financials

A brief overview of the TSX:VLN financials. This summary provides an overview of the most significant critical numbers from each of its financial reports, including the income statement, balance sheet, and cash flow statement. Additionally, it features several financial ratios that provide insight into the company's financial health. Users can select to view data from four periods of either annual or quarterly information, allowing them to track financial performance of Velan Inc. over time.

Velan Inc. reported earnings results for the second quarter and six months ended August 31, 2023. For the second quarter, the company reported sales was USD 80.32 million compared to USD 85.05 million a year ago. Net loss was USD 2.12 million compared to USD 3.68 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.17 a year ago. Diluted loss per share from continuing operations was USD 0.1 compared to USD 0.17 a year ago.For the six months, sales was USD 147.98 million compared to USD 160.06 million a year ago. Net loss was USD 10.4 million compared to USD 11.03 million a year ago. Basic loss per share from continuing operations was USD 0.48 compared to USD 0.51 a year ago. Diluted loss per share from continuing operations was USD 0.48 compared to USD 0.51 a year ago.

Annual Quarterly

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Advanced Financial Summary

TTM = Trailing Twelve Months

MRQ = Most Recent Quarter

VLN Income Statement

Gross margin TTM 27.25%

Operating margin TTM 4.13%

Net Profit margin TTM -18.84%

Return on Investment TTM 3.8%

Total Revenue Net Income

Period Ending:	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023
Total Revenue		80.32	67.66	115.14
Gross Profit		23.38	15.05	38.93
Operating Income	-5.19	0.289	-6.43	25.56
Net Income	-7.25	-2.12	-8.28	-47.16

VLN Balance Sheet

Quick Ratio MRQ 0.92

Current Ratio MRQ 2.69

LT Debt to Equity MRQ 10.43%

Total Debt to Equity MRQ 23.82%

Total Assets Total Liabilities

Period Ending:	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023
Total Assets	462.38	474.02	470.44	477.86
Total Liabilities	276.31	280.99	276.97	277.02
Total Equity		193.04	193.47	200.84

VLN Cash Flow Statement

Cash Flow/Share TTM 0.15

Revenue/Share TTM 15.94

Operating Cash Flow -

Cash Net Change in Cash

Period Ending:	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023
Period Length:	0 Months	0 Months	0 Months	0 Months
Cash From Operating Activities		-21.16	10.69	18.49
Cash From Investing Activities			-1.43	7.1
Cash From Financing Activities	-6.33	3.34	-1.29	-4.85
Net Change in Cash	-13.01	-19.26	8.38	20.94

* In Millions of USD (except for per share items)

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View advanced insights on financial statements, including growth rates and metrics that provide an in-depth view of the company's historical and forecasted financial performance.

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VLN Comments

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Pierre Re Apr 01, 2024 5:42PM ET

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Some volume and increased activity !

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Pierre Re Oct 09, 2023 10:52AM ET

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Back to square one.

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Pierre Re Aug 15, 2023 4:37PM ET

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deal or no deal !

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Pierre Re Aug 03, 2023 9:37AM ET

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bought some around $10.

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Pierre Re Feb 10, 2023 9:55AM ET

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sold fot $13 all cash deal !

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Pierre Re Dec 31, 2022 9:22AM ET

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2023 will be a year of decisions. Privatize or not ?

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Pierre Re Jan 20, 2022 4:43PM ET

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Something good is coming ?

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Pierre Re Jan 13, 2022 5:28PM ET

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Go back to being a private company.

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Pierre Re Mar 22, 2021 12:45PM ET

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doing very well.

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Pierre Re Nov 02, 2020 4:27PM ET

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Pure play for a closing of capital. Dorel just did that same operation.

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