Velan Inc. reported earnings results for the full year ended February 29, 2024. For the full year, the company reported sales was USD 346.82 million compared to USD 370.43 million a year ago. Net loss was USD 19.74 million compared to USD 55.45 million a year ago.

Basic loss per share from continuing operations was USD 0.91 compared to USD 2.57 a year ago.