Velan Inc.

VLNSF · OTC
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2/28/2025
2/29/2024
2/28/2023
2/28/2022
Revenue$295,196$346,816$370,429$411,242
% Growth-14.9%-6.4%-9.9%
Cost of Goods Sold$210,279$253,609$257,964$276,273
Gross Profit$84,917$93,207$112,465$134,969
% Margin28.8%26.9%30.4%32.8%
R&D Expenses$2,828$6,064$5,949$6,932
G&A Expenses$63,031$79,168$78,493$87,161
SG&A Expenses$66,211$82,820$85,535$92,145
Sales & Mktg Exp.$3,180$3,652$7,042$4,984
Other Operating Expenses$98,143$10,308$0$0
Operating Expenses$167,182$99,192$88,651$92,577
Operating Income-$82,265-$5,985-$45,862$38,576
% Margin-27.9%-1.7%-12.4%9.4%
Other Income/Exp. Net$263-$6,346-$1,552-$2,400
Pre-Tax Income-$82,002-$12,331-$47,414$36,176
Tax Expense-$14,551$7,471$8,045$46,431
Net Income-$75,500-$19,737-$55,453-$21,141
% 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 Out24,23521,58621,58621,586
Weighted Avg Shares Out Dil21,58621,58621,58621,586
Supplemental Information
Interest Income$470$456$467$392
Interest Expense$207$6,805$2,019$2,792
Depreciation & Amortization$8,997$11,159$10,339$11,510
EBITDA-$72,798$5,633-$34,688$48,448
% Margin-24.7%1.6%-9.4%11.8%
Velan Inc. (VLNSF) Financial Statements & Key Stats | AlphaPilot