Velan Inc.

VLNSF · OTC
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2/28/2025
2/29/2024
2/28/2023
2/28/2022
Revenue$295$347$370$411
% Growth-14.9%-6.4%-9.9%
Cost of Goods Sold$210$254$258$276
Gross Profit$85$93$112$135
% Margin28.8%26.9%30.4%32.8%
R&D Expenses$3$6$6$7
G&A Expenses$63$79$78$87
SG&A Expenses$66$83$86$92
Sales & Mktg Exp.$3$4$7$5
Other Operating Expenses$98$10$0$0
Operating Expenses$167$99$89$93
Operating Income-$82-$6-$46$39
% Margin-27.9%-1.7%-12.4%9.4%
Other Income/Exp. Net$0-$6-$2-$2
Pre-Tax Income-$82-$12-$47$36
Tax Expense-$15$7$8$46
Net Income-$76-$20-$55-$21
% Margin-25.6%-5.7%-15%-5.1%
EPS-3.12-0.91-2.57-0.98
% Growth-242.9%64.6%-162.2%
EPS Diluted-3.35-0.91-2.57-0.98
Weighted Avg Shares Out24222222
Weighted Avg Shares Out Dil22222222
Supplemental Information
Interest Income$0$0$0$0
Interest Expense$0$7$2$3
Depreciation & Amortization$9$11$10$12
EBITDA-$73$6-$35$48
% Margin-24.7%1.6%-9.4%11.8%