Velan Inc
TSX:VLN
Income Statement
Earnings Waterfall
Velan Inc
Revenue
|
344.1m
USD
|
Cost of Revenue
|
-249.3m
USD
|
Gross Profit
|
94.8m
USD
|
Operating Expenses
|
-148.7m
USD
|
Operating Income
|
-53.9m
USD
|
Other Expenses
|
-10.9m
USD
|
Net Income
|
-64.8m
USD
|
Income Statement
Velan Inc
Nov-2013 | Feb-2014 | May-2014 | Aug-2014 | Nov-2014 | Feb-2015 | May-2015 | Aug-2015 | Nov-2015 | Feb-2016 | May-2016 | Aug-2016 | Nov-2016 | Feb-2017 | May-2017 | Aug-2017 | Nov-2017 | Feb-2018 | May-2018 | Aug-2018 | Nov-2018 | Feb-2019 | May-2019 | Aug-2019 | Nov-2019 | Feb-2020 | May-2020 | Aug-2020 | Nov-2020 | Feb-2021 | May-2021 | Aug-2021 | Nov-2021 | Feb-2022 | May-2022 | Aug-2022 | Nov-2022 | Feb-2023 | May-2023 | Aug-2023 | Nov-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
511
N/A
|
489
-4%
|
460
-6%
|
450
-2%
|
462
+3%
|
456
-1%
|
456
+0%
|
457
+0%
|
433
-5%
|
427
-1%
|
401
-6%
|
361
-10%
|
337
-7%
|
332
-2%
|
325
-2%
|
331
+2%
|
338
+2%
|
338
0%
|
345
+2%
|
360
+4%
|
364
+1%
|
367
+1%
|
373
+2%
|
367
-2%
|
363
-1%
|
372
+2%
|
365
-2%
|
347
-5%
|
330
-5%
|
302
-9%
|
300
-1%
|
334
+11%
|
372
+12%
|
411
+11%
|
412
+0%
|
395
-4%
|
380
-4%
|
370
-3%
|
363
-2%
|
358
-1%
|
344
-4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(386)
|
(358)
|
(333)
|
(324)
|
(336)
|
(338)
|
(341)
|
(344)
|
(328)
|
(323)
|
(302)
|
(269)
|
(249)
|
(243)
|
(242)
|
(251)
|
(256)
|
(267)
|
(270)
|
(281)
|
(286)
|
(281)
|
(289)
|
(280)
|
(277)
|
(284)
|
(276)
|
(266)
|
(251)
|
(229)
|
(224)
|
(241)
|
(264)
|
(277)
|
(277)
|
(268)
|
(260)
|
(259)
|
(256)
|
(251)
|
(249)
|
|
Gross Profit |
125
N/A
|
131
+5%
|
127
-3%
|
126
-1%
|
126
0%
|
118
-6%
|
115
-2%
|
113
-2%
|
105
-7%
|
104
-1%
|
100
-5%
|
92
-8%
|
88
-5%
|
89
+1%
|
84
-5%
|
80
-4%
|
82
+2%
|
71
-13%
|
75
+5%
|
78
+5%
|
78
-1%
|
86
+10%
|
84
-2%
|
87
+3%
|
86
0%
|
88
+2%
|
89
+1%
|
81
-8%
|
80
-2%
|
74
-8%
|
77
+4%
|
93
+21%
|
108
+17%
|
134
+24%
|
134
+0%
|
127
-5%
|
120
-5%
|
111
-7%
|
107
-4%
|
107
0%
|
95
-12%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(98)
|
(87)
|
(86)
|
(85)
|
(89)
|
(89)
|
(87)
|
(85)
|
(79)
|
(78)
|
(91)
|
(89)
|
(76)
|
(76)
|
(77)
|
(82)
|
(86)
|
(89)
|
(92)
|
(90)
|
(89)
|
(93)
|
(94)
|
(92)
|
(91)
|
(85)
|
(82)
|
(85)
|
(85)
|
(88)
|
(93)
|
(94)
|
(99)
|
(93)
|
(98)
|
(99)
|
(99)
|
(89)
|
(154)
|
(153)
|
(149)
|
|
Selling, General & Administrative |
(87)
|
(89)
|
(87)
|
(87)
|
(90)
|
(90)
|
(86)
|
(85)
|
(78)
|
(79)
|
(78)
|
(75)
|
(77)
|
(77)
|
(77)
|
(81)
|
(83)
|
(89)
|
(90)
|
(90)
|
(90)
|
(94)
|
(95)
|
(93)
|
(92)
|
(85)
|
(82)
|
(84)
|
(83)
|
(85)
|
(92)
|
(94)
|
(100)
|
(93)
|
(116)
|
(116)
|
(115)
|
(86)
|
(152)
|
(150)
|
(146)
|
|
Depreciation & Amortization |
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
|
Other Operating Expenses |
(10)
|
4
|
0
|
2
|
1
|
4
|
(1)
|
(1)
|
(1)
|
4
|
(14)
|
(14)
|
2
|
3
|
0
|
(1)
|
(2)
|
2
|
(1)
|
0
|
0
|
3
|
1
|
1
|
1
|
2
|
(0)
|
(2)
|
(2)
|
(1)
|
(2)
|
(0)
|
1
|
2
|
18
|
17
|
16
|
(0)
|
(2)
|
(2)
|
(2)
|
|
Operating Income |
27
N/A
|
44
+62%
|
41
-8%
|
41
+0%
|
37
-9%
|
30
-20%
|
29
-3%
|
28
-4%
|
27
-3%
|
27
N/A
|
8
-70%
|
3
-61%
|
12
+284%
|
13
+10%
|
7
-45%
|
(2)
N/A
|
(4)
-89%
|
(18)
-408%
|
(17)
+8%
|
(12)
+30%
|
(12)
+1%
|
(7)
+40%
|
(10)
-41%
|
(6)
+41%
|
(5)
+14%
|
3
N/A
|
6
+121%
|
(4)
N/A
|
(5)
-41%
|
(14)
-177%
|
(17)
-15%
|
(2)
+88%
|
9
N/A
|
40
+372%
|
37
-9%
|
28
-24%
|
22
-23%
|
22
+3%
|
(47)
N/A
|
(45)
+3%
|
(54)
-19%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(5)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(14)
|
0
|
0
|
(12)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(10)
|
(6)
|
(4)
|
9
|
17
|
15
|
14
|
3
|
(2)
|
0
|
0
|
0
|
(68)
|
0
|
0
|
0
|
|
Pre-Tax Income |
26
N/A
|
43
+67%
|
39
-8%
|
40
+2%
|
36
-10%
|
29
-20%
|
28
-3%
|
27
-4%
|
25
-9%
|
13
-49%
|
9
-33%
|
4
-56%
|
0
-92%
|
13
+4 233%
|
7
-47%
|
(2)
N/A
|
(4)
-86%
|
(19)
-351%
|
(17)
+8%
|
(13)
+26%
|
(12)
+2%
|
(8)
+37%
|
(11)
-40%
|
(6)
+45%
|
(7)
-22%
|
(8)
-13%
|
(1)
+85%
|
(9)
-667%
|
2
N/A
|
1
-36%
|
(2)
N/A
|
11
N/A
|
10
-9%
|
36
+276%
|
35
-4%
|
26
-25%
|
20
-24%
|
(47)
N/A
|
(49)
-4%
|
(49)
+1%
|
(58)
-20%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(9)
|
(12)
|
(11)
|
(11)
|
(11)
|
(10)
|
(9)
|
(9)
|
(8)
|
(8)
|
(7)
|
(6)
|
(4)
|
(5)
|
(4)
|
(2)
|
(2)
|
4
|
(1)
|
(3)
|
(3)
|
2
|
3
|
2
|
3
|
(9)
|
(12)
|
(10)
|
(11)
|
1
|
1
|
(2)
|
(6)
|
(46)
|
(47)
|
(47)
|
(42)
|
(8)
|
(7)
|
(6)
|
(6)
|
|
Income from Continuing Operations |
17
|
31
|
29
|
29
|
25
|
19
|
19
|
18
|
17
|
4
|
2
|
(2)
|
(4)
|
8
|
3
|
(4)
|
(6)
|
(15)
|
(18)
|
(15)
|
(16)
|
(5)
|
(8)
|
(4)
|
(4)
|
(17)
|
(13)
|
(19)
|
(9)
|
2
|
(1)
|
9
|
4
|
(10)
|
(13)
|
(21)
|
(22)
|
(55)
|
(56)
|
(55)
|
(65)
|
|
Income to Minority Interest |
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
(0)
|
(1)
|
(0)
|
(1)
|
(0)
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
(11)
|
(11)
|
(11)
|
(12)
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
15
N/A
|
29
+91%
|
28
-6%
|
28
+1%
|
24
-13%
|
19
-23%
|
18
-5%
|
17
-2%
|
16
-7%
|
4
-78%
|
1
-72%
|
(2)
N/A
|
(4)
-124%
|
8
N/A
|
3
-62%
|
(5)
N/A
|
(6)
-26%
|
(18)
-202%
|
(17)
+3%
|
(14)
+19%
|
(15)
-4%
|
(5)
+66%
|
(7)
-41%
|
(3)
+55%
|
(4)
-19%
|
(16)
-343%
|
(12)
+24%
|
(19)
-52%
|
(9)
+54%
|
3
N/A
|
(0)
N/A
|
10
N/A
|
5
-51%
|
(21)
N/A
|
(23)
-11%
|
(32)
-37%
|
(34)
-6%
|
(55)
-64%
|
(56)
-2%
|
(55)
+3%
|
(65)
-18%
|
|
EPS (Diluted) |
0.7
N/A
|
1.34
+91%
|
1.25
-7%
|
1.26
+1%
|
1.1
-13%
|
0.85
-23%
|
0.8
-6%
|
0.79
-1%
|
0.74
-6%
|
0.17
-77%
|
0.05
-71%
|
-0.08
N/A
|
-0.18
-125%
|
0.36
N/A
|
0.13
-64%
|
-0.22
N/A
|
-0.28
-27%
|
-0.82
-193%
|
-0.8
+2%
|
-0.65
+19%
|
-0.67
-3%
|
-0.23
+66%
|
-0.32
-39%
|
-0.15
+53%
|
-0.18
-20%
|
-0.76
-322%
|
-0.58
+24%
|
-0.88
-52%
|
-0.4
+55%
|
0.13
N/A
|
-0.02
N/A
|
0.46
N/A
|
0.23
-50%
|
-0.98
N/A
|
-1.08
-10%
|
-1.49
-38%
|
-1.57
-5%
|
-2.57
-64%
|
-2.61
-2%
|
-2.54
+3%
|
-3
-18%
|