# Velan Inc. Reports Q2 Fiscal 2027 Results

> Velan Inc. reports second quarter loss as sales drop and tariffs weigh on industrial valves business.
- Title: Velan Inc. Reports Q2 Fiscal 2027 Results · Financialpost
- Summary: Velan Inc. reports second quarter loss as sales drop and tariffs weigh on industrial valves business. Velan Inc. reported a $15.1 million net loss for Q2…
- Keywords: velan inc, tsx vln, industrial valves, q2 fiscal 2027, net loss, tariffs, geopolitical tension, core nuclear defense energy markets, money, business, Velan, Inc
- Source: Financialpost — https://financialpost.com/globe-newswire/velan-inc-reports-second-quarter-results-for-fiscal-2027
- Read time: 1 min
- Topics: velan inc, tsx vln, industrial valves, q2 fiscal 2027, net loss, tariffs, geopolitical tension, core nuclear defense energy markets, money, business
## Velan Inc. Reports Q2 Results
Velan Inc. (TSX: VLN) announced second quarter financial results for fiscal 2027 ending August 31, 2026.
## Sales Decline to $57.5 Million
Sales dropped to $57.5 million from $67.6 million last year due to production order timing shifts and tariff uncertainty.
## Net Loss of $15.1 Million
Velan reported a net loss of $15.1 million ($0.70 per share) versus a $1.7 million loss last year, mainly from transaction-related costs.
## Cash Position Negative $11.2 Million
Net cash decreased to negative $11.2 million as of August 31, 2026, from $41.5 million as of February 28, 2026.
## Backlog Drops to $262.5 Million
Backlog fell to $262.5 million from $283.3 million in February 2026, reflecting weaker bookings in key regions.
## Bookings Fall to $47.9 Million
Bookings dropped to $47.9 million for the quarter, down from $65.2 million in Q2 fiscal 2026, with soft demand in North America and China.
## CEO Statement on Challenges
CEO Rishi Sharma said Velan is entering a new phase focused on execution, improved performance and profitable growth despite current challenges.

> Velan is entering a new phase focused on stronger execution, improved business performance and profitable growth
## Strategic Transformation Plan
Velan has launched six transformation pillars including cost discipline, procurement, talent improvements, manufacturing footprint, working capital and growth acceleration.
## Key takeaway

Velan Inc. reported a $15.1 million net loss for Q2 fiscal 2027 as sales fell to $57.5 million, driven by tariff uncertainty and execution challenges.