Velan reports 2Q sales of $57.5M

Velan reported Q2 FY27 sales of $57.5M (down 15% YoY) and a net loss from continuing operations of $15.1M ($0.70/share). Adjusted EBITDA was -$0.7M and the board will not pay a dividend for the remainder of fiscal 2027.Material DetailsContext by AI AnalystThis is a mid-cycle deterioration with exec…