Market News / Story
Velan Inc. (VLN) Q2 Sales $57.5M; Net Loss $15.1M; Dividend Suspended
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Velan reported Q2 FY27 sales of $57.5M (down 15% YoY) and a net loss from continuing operations of $15.1M ($0.70/share). Adjusted EBITDA was -$0.7M and the board will not pay a dividend for the remainder of fiscal 2027. Material Details #DetailAI Analyst View1Q2 sales $57.5M, down 15% YoYTop-line contraction signals softer demand and delays; pressures margins and cash generation.2Q2 net loss $15.1M ($0.70/sh)Loss widened vs. prior year; includes $14.9M one-time…