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Velan Inc. SV ( (TSE:VLN) ) has provided an announcement.
Velan Inc. reported a solid third quarter for fiscal 2026, with sales holding steady at $71.7 million and gross margins near 38%, while turning around last year’s heavy loss into a net profit of $3.0 million from continuing operations and maintaining a net cash position of $20.2 million with about $86 million in available liquidity. Strong bookings of $77.9 million lifted the order backlog to $296.8 million, aided by a major nuclear contract in Canada, and management said the proposed transfer of the Velan family’s majority stake to Birch Hill Equity Partners should support faster execution of its growth strategy, even as higher work-in-process inventory temporarily increases working capital needs.
The most recent analyst rating on (TSE:VLN) stock is a Hold with a C$19.00 price target. To see the full list of analyst forecasts on Velan Inc. SV stock, see the TSE:VLN Stock Forecast page.
Spark’s Take on TSE:VLN Stock
According to Spark, TipRanks’ AI Analyst, TSE:VLN is a Neutral.
Velan Inc.’s stock score reflects significant financial challenges, particularly in cash flow and profitability, despite a stable balance sheet. Positive technical indicators and strategic progress in the nuclear sector provide some optimism, but valuation concerns due to negative earnings weigh heavily on the score.
To see Spark’s full report on TSE:VLN stock, click here.
More about Velan Inc. SV
Velan Inc., listed on the TSX, is a world-leading manufacturer of industrial valves serving sectors such as power generation and other industrial markets. The company focuses on high-performance, high-margin valve projects and has a growing presence in the nuclear sector, supported by large contracts like those for reactor refurbishments at Ontario Power Generation’s Pickering Nuclear Generating Station.
Average Trading Volume: 7,745
Technical Sentiment Signal: Buy
Current Market Cap: C$403.7M
See more insights into VLN stock on TipRanks’ Stock Analysis page.