Velan Inc
TSX:VLN

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Velan Inc
TSX:VLN
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Price: 11.61 CAD 5.83% Market Closed
Market Cap: 250.6m CAD
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Income Statement

Earnings Waterfall
Velan Inc

Revenue
375m USD
Cost of Revenue
-269.7m USD
Gross Profit
105.3m USD
Operating Expenses
-101.6m USD
Operating Income
3.6m USD
Other Expenses
-13.9m USD
Net Income
-10.3m USD

Income Statement
Velan Inc

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Income Statement
Currency: USD
Aug-2014 Nov-2014 Feb-2015 May-2015 Aug-2015 Nov-2015 Feb-2016 May-2016 Aug-2016 Nov-2016 Feb-2017 May-2017 Aug-2017 Nov-2017 Feb-2018 May-2018 Aug-2018 Nov-2018 Feb-2019 May-2019 Aug-2019 Nov-2019 Feb-2020 May-2020 Aug-2020 Nov-2020 Feb-2021 May-2021 Aug-2021 Nov-2021 Feb-2022 May-2022 Aug-2022 Nov-2022 Feb-2023 May-2023 Aug-2023 Nov-2023 Feb-2024 May-2024 Aug-2024
Revenue
Revenue
450
N/A
462
+3%
456
-1%
456
+0%
457
+0%
433
-5%
427
-1%
401
-6%
361
-10%
337
-7%
332
-2%
325
-2%
331
+2%
338
+2%
338
0%
345
+2%
360
+4%
364
+1%
367
+1%
373
+2%
367
-2%
363
-1%
372
+2%
365
-2%
347
-5%
330
-5%
302
-9%
300
-1%
334
+11%
372
+12%
411
+11%
412
+0%
395
-4%
380
-4%
370
-3%
363
-2%
358
-1%
344
-4%
347
+1%
357
+3%
375
+5%
Gross Profit
Cost of Revenue
(324)
(336)
(338)
(341)
(344)
(328)
(323)
(302)
(269)
(249)
(243)
(242)
(251)
(256)
(267)
(270)
(281)
(286)
(281)
(289)
(280)
(277)
(284)
(276)
(266)
(251)
(229)
(224)
(241)
(264)
(277)
(277)
(268)
(260)
(259)
(256)
(251)
(249)
(254)
(255)
(270)
Gross Profit
126
N/A
126
0%
118
-6%
115
-2%
113
-2%
105
-7%
104
-1%
100
-5%
92
-8%
88
-5%
89
+1%
84
-5%
80
-4%
82
+2%
71
-13%
75
+5%
78
+5%
78
-1%
86
+10%
84
-2%
87
+3%
86
0%
88
+2%
89
+1%
81
-8%
80
-2%
74
-8%
77
+4%
93
+21%
108
+17%
134
+24%
134
+0%
127
-5%
120
-5%
111
-7%
107
-4%
107
0%
95
-12%
93
-2%
102
+9%
105
+3%
Operating Income
Operating Expenses
(85)
(89)
(89)
(87)
(85)
(79)
(78)
(91)
(89)
(76)
(76)
(77)
(82)
(86)
(89)
(92)
(90)
(89)
(93)
(94)
(92)
(91)
(85)
(82)
(85)
(85)
(88)
(93)
(94)
(99)
(93)
(98)
(99)
(99)
(89)
(154)
(153)
(149)
(85)
(100)
(102)
Selling, General & Administrative
(87)
(90)
(90)
(86)
(85)
(78)
(79)
(78)
(75)
(77)
(77)
(77)
(81)
(83)
(89)
(90)
(90)
(90)
(94)
(95)
(93)
(92)
(85)
(82)
(84)
(83)
(85)
(92)
(94)
(100)
(93)
(116)
(116)
(115)
(86)
(152)
(150)
(146)
(83)
(99)
(101)
Depreciation & Amortization
0
0
(2)
0
0
0
(2)
0
0
0
(2)
0
0
0
(2)
0
0
0
(2)
0
0
0
(3)
0
0
0
(3)
0
0
0
(3)
0
0
0
(3)
0
0
0
(3)
0
0
Other Operating Expenses
2
1
4
(1)
(1)
(1)
4
(14)
(14)
2
3
0
(1)
(2)
2
(1)
0
0
3
1
1
1
2
(0)
(2)
(2)
(1)
(2)
(0)
1
2
18
17
16
(0)
(2)
(2)
(2)
1
(1)
(0)
Operating Income
41
N/A
37
-9%
30
-20%
29
-3%
28
-4%
27
-3%
27
N/A
8
-70%
3
-61%
12
+284%
13
+10%
7
-45%
(2)
N/A
(4)
-89%
(18)
-408%
(17)
+8%
(12)
+30%
(12)
+1%
(7)
+40%
(10)
-41%
(6)
+41%
(5)
+14%
3
N/A
6
+121%
(4)
N/A
(5)
-41%
(14)
-177%
(17)
-15%
(2)
+88%
9
N/A
40
+372%
37
-9%
28
-24%
22
-23%
22
+3%
(47)
N/A
(45)
+3%
(54)
-19%
8
N/A
2
-80%
4
+116%
Pre-Tax Income
Interest Income Expense
(1)
(1)
(1)
(1)
(1)
(0)
0
0
0
0
(0)
(0)
(0)
(0)
(0)
(0)
(1)
(1)
(1)
(1)
(0)
(1)
(1)
(1)
(2)
(1)
(1)
(1)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(3)
(4)
(5)
(6)
(6)
(7)
Non-Reccuring Items
0
0
0
0
0
(2)
(14)
0
0
(12)
0
0
0
0
0
0
0
0
0
0
0
(1)
(10)
(6)
(4)
9
17
15
14
3
(2)
0
0
0
(68)
0
0
0
(14)
0
0
Pre-Tax Income
40
N/A
36
-10%
29
-20%
28
-3%
27
-4%
25
-9%
13
-49%
9
-33%
4
-56%
0
-92%
13
+4 233%
7
-47%
(2)
N/A
(4)
-86%
(19)
-351%
(17)
+8%
(13)
+26%
(12)
+2%
(8)
+37%
(11)
-40%
(6)
+45%
(7)
-22%
(8)
-13%
(1)
+85%
(9)
-667%
2
N/A
1
-36%
(2)
N/A
11
N/A
10
-9%
36
+276%
35
-4%
26
-25%
20
-24%
(47)
N/A
(49)
-4%
(49)
+1%
(58)
-20%
(12)
+79%
(5)
+61%
(3)
+39%
Net Income
Tax Provision
(11)
(11)
(10)
(9)
(9)
(8)
(8)
(7)
(6)
(4)
(5)
(4)
(2)
(2)
4
(1)
(3)
(3)
2
3
2
3
(9)
(12)
(10)
(11)
1
1
(2)
(6)
(46)
(47)
(47)
(42)
(8)
(7)
(6)
(6)
(7)
(8)
(8)
Income from Continuing Operations
29
25
19
19
18
17
4
2
(2)
(4)
8
3
(4)
(6)
(15)
(18)
(15)
(16)
(5)
(8)
(4)
(4)
(17)
(13)
(19)
(9)
2
(1)
9
4
(10)
(13)
(21)
(22)
(55)
(56)
(55)
(65)
(20)
(13)
(10)
Income to Minority Interest
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(0)
0
(0)
(1)
(0)
(1)
(0)
1
1
1
1
1
1
1
0
0
0
0
1
1
1
1
1
(11)
(11)
(11)
(12)
0
0
0
0
0
0
0
Net Income (Common)
28
N/A
24
-13%
19
-23%
18
-5%
17
-2%
16
-7%
4
-78%
1
-72%
(2)
N/A
(4)
-124%
8
N/A
3
-62%
(5)
N/A
(6)
-26%
(18)
-202%
(17)
+3%
(14)
+19%
(15)
-4%
(5)
+66%
(7)
-41%
(3)
+55%
(4)
-19%
(16)
-343%
(12)
+24%
(19)
-52%
(9)
+54%
3
N/A
(0)
N/A
10
N/A
5
-51%
(21)
N/A
(23)
-11%
(32)
-37%
(34)
-6%
(55)
-64%
(56)
-2%
(55)
+3%
(65)
-18%
(20)
+70%
(13)
+36%
(10)
+18%
EPS (Diluted)
1.26
N/A
1.1
-13%
0.85
-23%
0.8
-6%
0.79
-1%
0.74
-6%
0.17
-77%
0.05
-71%
-0.08
N/A
-0.18
-125%
0.36
N/A
0.13
-64%
-0.22
N/A
-0.28
-27%
-0.82
-193%
-0.8
+2%
-0.65
+19%
-0.67
-3%
-0.23
+66%
-0.32
-39%
-0.15
+53%
-0.18
-20%
-0.76
-322%
-0.58
+24%
-0.88
-52%
-0.4
+55%
0.13
N/A
-0.02
N/A
0.46
N/A
0.23
-50%
-0.98
N/A
-1.08
-10%
-1.49
-38%
-1.57
-5%
-2.57
-64%
-2.61
-2%
-2.54
+3%
-3
-18%
-0.91
+70%
-0.58
+36%
-0.48
+17%

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