Velan Investor Presentation Q1 F2024
Key Highlights - Q1
■$67.7 m sales, a decrease of $7.3 m or -9.8% vs Q1-F2023.
■ $(3.8) m EBITDA2 is $0.9 m lower than last year. The decrease is
primarily attributable to a lower gross profit, partially offset by a
decrease in administration costs.
Sales ($m)
411
372
370
125
Q4 114
302
115
■$8.3 m net loss¹ for the quarter.
86
■$490.5 m backlog 2 → Increase since the beginning of the year due
to strong book-to-bill ratio².
110
Q3 89
95
72
■$58.6 m net cash → Net cash increase of $8.4 m since the
beginning of the year due to continued improvements in operating
cash flow generation.
Q2 85
102
68
85
68
Q1
84
77
75
75
68
2020
2021
2022
2023
2024
1 Net income or loss refer to net income or loss attributable to Subordinate and Multiple Voting Shares
2 Non-IFRS and supplementary financial measures - additional specifications at the end of this presentation
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