Velan Inc. (TSX: VLN)

Velan Income Statement

Financials in millions USD. Fiscal year is March - February.

Year	2023	2022	2021	2020	2019
Revenue	346.82	370.43	411.24	302.06	371.63
Revenue Growth (YoY)	-6.37%	-9.92%	36.14%	-18.72%	1.30%
Cost of Revenue	253.61	257.96	276.27	221.52	283.49
Gross Profit	93.21	112.47	134.97	80.54	88.13
Selling, General & Admin	82.82	85.54	92.15	79.29	83.68
Research & Development	6.06	6.18	7.01	5.66	8.26
Other Operating Expenses	0	3.12	0.43	2.94	1.56
Operating Expenses	84.94	88.65	92.58	82.23	85.24
Operating Income	-5.99	24.28	38.58	-0.65	4.12
Interest Income	0.46	0.47	0.39	1.04	1.22
Interest Expense	6.81	2.02	2.79	1.9	2.61
Other Expense / Income	-0.07	70.14	-	-2.89	10.79
Pretax Income	-12.33	-47.41	36.18	1.38	-8.06
Income Tax	7.47	8.05	46.43	-0.82	8.54
Net Income	-19.74	-55.46	-10.26	2.2	-16.6
Shares Outstanding (Basic)	22	22	22	22	22
Shares Outstanding (Diluted)	22	22	22	22	22
Shares Change	-	-	-	-0.14%	-0.03%
EPS (Basic)	-0.91	-2.57	-0.48	0.10	-0.77
EPS (Diluted)	-0.91	-2.57	-0.48	0.10	-0.77
Free Cash Flow	-4.94	-6.07	9.25	-20	-2.44
Free Cash Flow Per Share	-0.23	-0.28	0.43	-0.93	-0.11
Gross Margin	26.88%	30.36%	32.82%	26.66%	23.72%
Operating Margin	-1.73%	6.55%	9.38%	-0.22%	1.11%
Profit Margin	-5.69%	-14.97%	-2.49%	0.73%	-4.47%
Free Cash Flow Margin	-1.42%	-1.64%	2.25%	-6.62%	-0.66%
Effective Tax Rate	-	-	128.35%	-59.78%	-
EBITDA	19.89	35.02	54.43	11.83	17.1
EBITDA Margin	5.74%	9.45%	13.24%	3.92%	4.60%
Depreciation & Amortization	11.16	10.74	11.65	12.49	12.98
EBIT	8.73	24.28	42.78	-0.65	4.12
EBIT Margin	2.52%	6.55%	10.40%	-0.22%	1.11%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.