Brief: Velan Inc. Reports Qtrly Loss Per Share Of $1.19

Velan

19/05/2022 24:53

May 18 (Reuters) - Velan Inc  VLN.TO :
    * . REPORTS STRONG FOURTH QUARTER AND FISCAL YEAR 2021/22
FINANCIAL RESULTS AND REINSTATES DIVIDEND
    * SALES FOR QUARTER AMOUNTED TO $124.8 MILLION, AN INCREASE
OF
39.3 MILLION OR 46.0%
    * NET NEW ORDERS OF $77.1 MILLION FOR QUARTER, A DECREASE OF
$3.8
MILLION OR 4.7% COMPARED TO PREVIOUS FISCAL QUARTER
    * QTRLY LOSS PER SHARE $1.19
    * ORDER BACKLOG OF $501.2 MILLION AT END OF FISCAL YEAR
    * QTRLY ADJUSTED NET INCOME PER SHARE - BASIC AND DILUTED
$0.32

Source text for Eikon:  ID:nGNX8wwyFZ 
Further company coverage:  VLN.TO 

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