Velan Inc (OTCPK:VLNSF)

$ 7.735 -0.3706 (-4.57%) Market Cap: 165.58 Mil Enterprise Value: 158.56 Mil PE Ratio: 0 PB Ratio: 1.02 GF Score: 56/100

Q1 2022 Velan Inc Earnings Call Transcript

Jul 14, 2021 / 03:00PM GMT

Release Date Price: $7.47 (-8.51%)

Transcript

Operator

Greetings, and welcome to the Velan Inc. Q1 Financial Results.

(foreign language)

(Operator Instructions)

(foreign language)

(Operator Instructions)

(foreign language)

As a reminder, this conference is being recorded Wednesday, July 14, 2021. (foreign language).

I would now like to turn the call over to Yves Leduc, CEO. (foreign language). Please go ahead. (foreign language).

Yves Jacques Leduc

Velan Inc. - President, CEO & Director

(foreign language)

Welcome to our first quarter fiscal 2022 conference call, joined today by Benoit Alain, our new CFO; and John Ball, who has recently served as Interim CFO and has transitioned back to Executive Vice President.

I will start with a brief summary of our results, followed by a more detailed discussion of our outlook. Thereafter, John, Benoit, and I will open the line to your questions.

(foreign language).

Our first quarter results were mixed. Sales were flat for the quarter caused primarily by temporary

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