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Velan Inc. Company Snapshot
Velan Inc. designs, manufactures and markets a range of industrial valves for use in various industry applications across the world, including power generation, oil and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, pulp and paper, geothermal processes and shipbuilding. The Company produces steel industrial valves operating approximately 15 manufacturing plants across the world. The Company has operations in geographies, including Canada, the United States, France, Italy and Other. The Company's North American operations comprise approximately four manufacturing plants and a distribution facility in Canada, as well as a manufacturing plant and over three distribution facilities in the United States. The Company's overseas operations include manufacturing plants in France, Italy, Portugal, the United Kingdom, Korea, Taiwan, India and China. The Company's operations also include a distribution facility in Germany and over 50% owned Korean foundry.

Sales Analysis. During the second fiscal quarter of 2022, sales at Velan Inc. totalled C$127.32 million. This is an increase of 40.1% from the C$90.85 million in sales at the company during the second quarter of 2021. This was the biggest same quarter rise in sales at Velan Inc. in the previous 35 quarters. During the first two fiscal quarters of 2022, sales totalled C$219.00 million, which is 13.6% higher than through the first two quarters of 2021. Velan Inc. reported sales of C$401.58 million (US$322.81 million) for the fiscal year ending February of 2021. This represents a decrease of 18.5% versus 2020, when the company's sales were C$492.81 million.
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Velan Inc.
  Stock Performance Chart for Velan Inc.
  Stock Data: Recent Stock Performance:
  Current Price (10/8/2021): 8.50
(Figures in Canadian Dollars)
1 Week 5.6%   13 Weeks 1.7%  
4 Weeks -14.1%   52 Weeks 41.2%  
Velan Inc. Key Data:
  Ticker: VLN Country: Canada
  Exchanges: TOR Major Industry: Capital Goods
    Sub Industry: Industrial Valves
  2021 Sales 401,577,655
(Year Ending Jan 2022).
Employees: 1,681
  Currency: Canadian Dollars Market Cap: 183,477,898
  Fiscal Yr Ends: February Shares Outstanding: 21,585,635
  Share Type: Sub Voting Closely Held Shares: 16,978,234
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