Velan Inc. reported earnings results for the third quarter and nine months ended November 30, 2021. For the third quarter, the company reported sales was USD 109.97 million compared to USD 71.56 million a year ago. Net income was USD 4.51 million compared to USD 9.53 million a year ago. Basic earnings per share from continuing operations was USD 0.21 compared to USD 0.44 a year ago.
For the nine months, sales was USD 286.39 million compared to USD 216.55 million a year ago. Net income was USD 4.45 million compared to USD 2.53 million a year ago. Basic earnings per share from continuing operations was USD 0.21 compared to USD 0.12 a year ago.