Brief: Velan Inc reports first quarter financial results

Velan

13/07/2017 18:45

July 13 (Reuters) - Velan Inc  VLN.TO : 
    * Velan Inc Reports its first quarter 2017/18 financial 
results 
    * Says Q1 loss per share $0.20 
    * Says sales of US$71.1 million for quarter 
    * Says order backlog of US$456.6 million at end of quarter, 
of which US$168.1 million is scheduled for delivery beyond next 
12 months 
    * Says Qtrly bookings amounted to $72.2 million, a decrease 
of $37.8 million or 34.4% compared to last year 
    * Says qtrly bookings amounted to $72.2 million, a decrease 
of $37.8 million or 34.4% compared to last year 
    * Says "responding to tough market conditions with 
three-year plan to drive out $20 million of annual costs" 
 
Source text for Eikon:  ID:nCCN3NgHva  
Further company coverage:  VLN.TO  
 
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