Brief: Velan Q1 Loss Per Share C$0.27

Velan

11/07/2019 14:53

July 11 (Reuters) - Velan Inc  VLN.TO :
    * REPORTS ITS FIRST QUARTER 2019/20 FINANCIAL RESULTS
    * Q1 LOSS PER SHARE C$0.27
    * SALES OF US$83.8 MILLION FOR QUARTER
    * ORDER BACKLOG OF US$423.3 MILLION AT END OF QUARTER
    * "WE ARE NOT SATISFIED WITH RESULTS FOR Q1 OF OUR FISCAL
YEAR."
    * "WE HAVE EXPERIENCED DELAYS IN SHIPPING HIGHER MARGIN
PRODUCTS
IN OUR NORTH AMERICAN AND FRENCH OPERATIONS"
    * "OUR Q1 OF FISCAL 2020 REMAINED CHALLENGING WITH RESPECT
TO
IMPROVING MARGINS"

Source text for Eikon:  ID:nGNX7gCccl 
Further company coverage:  VLN.TO 

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