Velan Inc. reported earnings results for the fourth quarter ended February 28, 2022. For the fourth quarter, the company reported sales was USD 124.85 million compared to USD 85.51 million a year ago. Net loss was USD 25.59 million compared to net income of USD 0.338 million a year ago. Basic loss per share from continuing operations was USD 1.19 compared to basic earnings per share from continuing operations of USD 0.02 a year ago.