Velan Inc. reported earnings results for the first quarter ended May 31, 2024. For the first quarter, the company reported sales was USD 77.5 million compared to USD 67.66 million a year ago. Net loss was USD 1.1 million compared to USD 8.28 million a year ago.

Basic loss per share from continuing operations was USD 0.05 compared to USD 0.38 a year ago.