Operating Expenses Summary of Velan Inc.

Velan Inc.'s latest annual operating expenses in 2023 was 99.19 Million USD , down -4.19% from previous year.
Velan Inc.'s latest quarterly operating expenses in 2024 Q1 was 22.58 Million USD , up 20.28% from previous quarter.
Velan Inc. reported a annual operating expenses of 88.65 Million USD in annual operating expenses 2022, down -4.24% from previous year.
Velan Inc. reported a annual operating expenses of 92.57 Million USD in annual operating expenses 2021, up 12.59% from previous year.
Velan Inc. reported a quarterly operating expenses of 22.58 Million USD for 2024 Q1, up 20.28% from previous quarter.
Velan Inc. reported a quarterly operating expenses of 21.58 Million USD for 2023 Q3, down -6.56% from previous quarter.

Annual Operating Expenses Chart of Velan Inc. (2023 - 1996)

Historical Annual Operating Expenses of Velan Inc. (2023 - 1996)

Year	Operating Expenses	Operating Expenses Growth
2023	99.19 Million USD	-4.19%
2022	88.65 Million USD	-4.24%
2021	92.57 Million USD	12.59%
2020	82.22 Million USD	-3.53%
2019	85.23 Million USD	-7.95%
2018	92.59 Million USD	6.55%
2017	86.9 Million USD	15.16%
2016	75.46 Million USD	-2.79%
2015	77.62 Million USD	-12.51%
2014	88.72 Million USD	2.13%
2013	86.87 Million USD	-0.85%
2012	87.62 Million USD	9.78%
2011	79.81 Million USD	-7.17%
2010	85.97 Million USD	7.34%
2009	80.09 Million USD	0.0%
2007	87.29 Million USD	16.55%
2006	74.89 Million USD	10.73%
2005	67.63 Million USD	10.4%
2004	61.26 Million USD	30.02%
2003	47.12 Million USD	-2.61%
2002	48.38 Million USD	14.52%
2001	42.24 Million USD	-4.45%
2000	44.21 Million USD	1.08%
1999	43.74 Million USD	21.69%
1998	35.94 Million USD	10.46%
1997	32.54 Million USD	16.49%
1996	27.93 Million USD	0.0%

Year	Operating Expenses	Operating Expenses Growth
2024 Q2	24.43 Million USD	8.21%
2024 Q1	22.58 Million USD	20.28%
2023 Q3	21.58 Million USD	-6.56%
2023 Q4	18.77 Million USD	-13.0%
2023 FY	84.93 Million USD	-4.19%
2023 Q1	21.48 Million USD	67.01%
2023 Q2	23.09 Million USD	7.49%
2022 Q1	25.67 Million USD	35.67%
2022 Q2	24.68 Million USD	-3.84%
2022 Q3	25.43 Million USD	3.02%
2022 Q4	12.86 Million USD	-49.41%
2022 FY	88.65 Million USD	-4.24%
2021 Q1	23.9 Million USD	0.5%
2021 FY	92.57 Million USD	12.59%
2021 Q4	18.92 Million USD	-26.82%
2021 Q3	25.85 Million USD	8.2%
2021 Q2	23.89 Million USD	-0.01%
2020 Q4	23.78 Million USD	20.73%
2020 Q2	21.05 Million USD	19.02%
2020 Q1	17.69 Million USD	-18.66%
2020 FY	82.22 Million USD	-3.53%
2020 Q3	19.69 Million USD	-6.44%
2019 Q2	19.99 Million USD	-14.56%
2019 FY	85.23 Million USD	-7.95%
2019 Q1	23.4 Million USD	-11.78%
2019 Q4	21.74 Million USD	2.8%
2019 Q3	21.15 Million USD	5.79%
2018 Q1	22.2 Million USD	-1.81%
2018 Q3	22.4 Million USD	4.44%
2018 Q4	26.53 Million USD	18.42%
2018 FY	92.59 Million USD	6.55%
2018 Q2	21.45 Million USD	-3.4%
2017 Q2	22.23 Million USD	14.42%
2017 Q4	22.61 Million USD	0.04%
2017 FY	86.9 Million USD	15.16%
2017 Q1	19.43 Million USD	-0.48%
2017 Q3	22.61 Million USD	1.68%
2016 Q3	19.93 Million USD	14.94%
2016 FY	75.46 Million USD	-2.79%
2016 Q4	19.52 Million USD	-2.02%
2016 Q2	17.34 Million USD	-7.06%
2016 Q1	18.65 Million USD	-5.79%
2015 FY	77.62 Million USD	-12.51%
2015 Q4	19.8 Million USD	5.68%
2015 Q3	18.74 Million USD	-5.74%
2015 Q2	19.88 Million USD	3.58%
2015 Q1	19.19 Million USD	-7.46%
2014 Q3	25.42 Million USD	18.84%
2014 Q4	20.74 Million USD	-18.41%
2014 FY	88.72 Million USD	2.13%
2014 Q1	21.16 Million USD	1.62%
2014 Q2	21.39 Million USD	1.07%
2013 FY	86.87 Million USD	-0.85%
2013 Q4	20.82 Million USD	-5.04%
2013 Q3	21.93 Million USD	-1.75%
2013 Q2	22.32 Million USD	2.47%
2013 Q1	21.78 Million USD	14.18%
2012 FY	87.62 Million USD	9.78%
2012 Q4	19.08 Million USD	-19.12%
2012 Q2	21.02 Million USD	-8.58%
2012 Q1	22.99 Million USD	30.66%
2012 Q3	23.59 Million USD	12.22%
2011 Q2	19.59 Million USD	-5.69%
2011 FY	79.81 Million USD	-7.17%
2011 Q3	21.63 Million USD	10.43%
2011 Q4	17.6 Million USD	-18.65%
2011 Q1	20.77 Million USD	-24.91%
2010 Q3	19.82 Million USD	16.51%
2010 Q1	19.56 Million USD	-12.76%
2010 Q4	27.66 Million USD	39.51%
2010 FY	85.97 Million USD	7.34%
2010 Q2	17.01 Million USD	-13.0%
2009 Q1	18.22 Million USD	0.0%
2009 FY	80.09 Million USD	0.0%
2009 Q4	22.42 Million USD	12.31%
2009 Q3	19.96 Million USD	-49.34%
2009 Q2	39.41 Million USD	116.29%
2008 Q1	23.05 Million USD	0.15%
2008 Q4	- USD	-100.0%
2008 Q2	18.19 Million USD	-21.07%
2008 Q3	16.7 Million USD	-8.18%
2007 FY	87.29 Million USD	16.55%
2007 Q3	21.19 Million USD	16.68%
2007 Q2	18.16 Million USD	-29.87%
2007 Q1	25.9 Million USD	47.99%
2007 Q4	23.02 Million USD	8.59%
2006 Q3	17.66 Million USD	16.93%
2006 FY	74.89 Million USD	10.73%
2006 Q2	15.1 Million USD	-22.17%
2006 Q1	19.4 Million USD	21.81%
2006 Q4	17.5 Million USD	-0.88%
2005 Q4	15.93 Million USD	-0.41%
2005 Q3	15.99 Million USD	5.14%
2005 Q2	15.21 Million USD	-2.52%
2005 FY	67.63 Million USD	10.4%
2005 Q1	15.6 Million USD	0.12%
2004 Q2	13.21 Million USD	4.5%
2004 Q1	12.64 Million USD	5.07%
2004 Q3	15.23 Million USD	15.31%
2004 Q4	15.58 Million USD	2.32%
2004 FY	61.26 Million USD	30.02%
2003 Q4	12.03 Million USD	-4.36%
2003 FY	47.12 Million USD	-2.61%
2003 Q1	15.36 Million USD	28.49%
2003 Q2	9.83 Million USD	-35.99%
2003 Q3	12.58 Million USD	27.97%
2002 Q4	11.95 Million USD	11.09%
2002 Q1	14.09 Million USD	38.66%
2002 Q2	9.25 Million USD	-34.36%
2002 Q3	10.76 Million USD	16.33%
2002 FY	48.38 Million USD	14.52%
2001 FY	42.24 Million USD	-4.45%
2001 Q4	10.16 Million USD	0.27%
2001 Q3	10.13 Million USD	11.74%
2001 Q2	9.07 Million USD	-31.35%
2001 Q1	13.21 Million USD	20.18%
2000 Q2	10.81 Million USD	-3.53%
2000 Q1	11.21 Million USD	-4.84%
2000 FY	44.21 Million USD	1.08%
2000 Q3	11.24 Million USD	3.91%
2000 Q4	10.99 Million USD	-2.17%
1999 Q4	11.78 Million USD	3.29%
1999 FY	43.74 Million USD	21.69%
1999 Q2	8.96 Million USD	-19.12%
1999 Q3	11.4 Million USD	27.25%
1999 Q1	11.08 Million USD	34.86%
1998 Q4	8.22 Million USD	-2.12%
1998 Q1	10.19 Million USD	31.94%
1998 Q2	7.59 Million USD	-25.54%
1998 FY	35.94 Million USD	10.46%
1998 Q3	8.39 Million USD	10.61%
1997 Q1	7.84 Million USD	26.26%
1997 Q3	8.22 Million USD	24.14%
1997 Q4	7.72 Million USD	-6.0%
1997 Q2	6.62 Million USD	-15.53%
1997 FY	32.54 Million USD	16.49%
1996 FY	27.93 Million USD	0.0%
1996 Q4	6.21 Million USD	0.0%

Peer Operating Expenses Comparison of Velan Inc.

Name	Operating Expenses	Operating Expenses Difference
ATS Corporation	547.36 Million CAD	81.878%
dynaCERT Inc.	-609.1 Thousand CAD	16384.85%
PyroGenesis Canada Inc.	33.17 Million CAD	-198.981%
Savaria Corporation	179.78 Million CAD	44.827%

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Velan Inc. (VLN.TO)

Operating Expenses Summary of Velan Inc.

Annual Operating Expenses Chart of Velan Inc. (2023 - 1996)

Historical Annual Operating Expenses of Velan Inc. (2023 - 1996)

Peer Operating Expenses Comparison of Velan Inc.