Velan Inc. reported earnings results for the fourth quarter ended February 29, 2024. For the fourth quarter, the company reported sales was USD 117.89 million compared to USD 115.14 million a year ago. Net loss was USD 2.08 million compared to USD 47.16 million a year ago.

Basic loss per share from continuing operations was USD 0.09 compared to USD 2.18 a year ago.