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Company News

BRIEF-Velan reports Q2 loss/share of $0.26

Oct 12 (Reuters) - Velan Inc:

* Velan Inc reports its second quarter 2017/18 financial results

* Q2 loss per share $0.26

* Q2 sales rose 7.6 percent to $76.5 million

* Says order backlog of US$488.7 million at end of quarter

* Says qtrly bookings amounted to $92.5 million, an increase of $15.1 million or 19.5% compared to last year

* Says “this fiscal year will be difficult”, but confident that recent surge in backlog, with strategic efforts, will improve co’s overall position Source text for Eikon: Further company coverage:

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