Velan Inc. announced earnings results for the third quarter ended November 30, 2019. For the third quarter, the company announced sales was USD 88.701 million compared to USD 92.271 million a year ago. Operating loss was USD 410,000 compared to operating Income of USD 245,000 a year ago. Net loss was USD 819,000 compared to USD 236,000 a year ago. Basic loss per share was USD 0.04 compared to USD 0.01 a year ago. For the nine months, sales was USD 257.984 million compared to USD 261.520 million a year ago. Operating loss was USD 5.739 million compared to USD 6.335 million a year ago. Net loss was USD 5.274 million compared to USD 6.401 million a year ago. Basic loss per share was USD 0.24 compared to USD 0.3 a year ago.