Velan Q4 Earnings Call Highlights
Key takeaways
- Velan Q4 Earnings Call Highlights Market Beat Sun, May 17, 2026 at 1:09 AM GMT+7 7 min read VLN.TO Key Points Interested in Velan Inc.?
- Velan’s fiscal 2026 sales inched higher to $296.4 million, but profitability weakened as gross margin fell to 27.4% from 28.8% and adjusted EBITDA dropped to $20.7 million for the year.
- Bookings and backlog improved, with fourth-quarter bookings up 18.8% year over year to $73.7 million and year-end backlog rising 3.1% to $283.3 million.
Velan Q4 Earnings Call Highlights Market Beat Sun, May 17, 2026 at 1:09 AM GMT+7 7 min read VLN.TO Key Points Interested in Velan Inc.? Here are five stocks we like better.
Velan’s fiscal 2026 sales inched higher to $296.4 million, but profitability weakened as gross margin fell to 27.4% from 28.8% and adjusted EBITDA dropped to $20.7 million for the year. Management blamed tariffs, geopolitical tensions and uneven customer delivery timing for pressure on orders, deliveries and margins.
Bookings and backlog improved, with fourth-quarter bookings up 18.8% year over year to $73.7 million and year-end backlog rising 3.1% to $283.3 million. More than 76% of that backlog is expected to be delivered within the next 12 months, aided by strength in nuclear and India operations.