Velan Inc. designs and manufactures industrial valves for various applications worldwide. The company shows a solid liquidity position with a current ratio of 1.92, indicating good short-term financial health. However, it faces significant concerns with negative EBITDA and net margins of -22.1% and -26.2%, respectively, suggesting operational challenges. Additionally, while the gross margin is relatively decent at 21.9%, the overall financial health score of 51/100 reflects underlying weaknesses that may impact future growth. The debt-to-equity ratio of 0.33 indicates manageable leverage, but profitability remains a critical concern.
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Revenue fell 15.4% year-over-year from $321.6M to $271.9M. The decline has persisted for multiple quarters.
Company went from $249K profit to $-25.4M loss compared to last year.
Debt increased 75.2% from $28.5M to $50.0M while revenue growth remained modest.
Operating margin expanded by 19.7pp, demonstrating strong operational leverage.
Low debt-to-revenue ratio of 18.4% indicates conservative financial management.
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Based on 2027-Q2 (August 31, 2026)