Velan Inc.

Toronto Stock Exchange VLN.TO

Velan Inc. Net Cash Used For Investing Activities for the year ending February 29, 2024: USD -14.13 M

Velan Inc. Net Cash Used For Investing Activities is USD -14.13 M for the year ending February 29, 2024, a -903.13% change year over year. Net cash used for investing activities is total cash inflows and outflows related to activities intended to generate future income and cash flows from investments.
  • Velan Inc. Net Cash Used For Investing Activities for the year ending February 28, 2023 was USD 1.76 M, a 6,865.38% change year over year.
  • Velan Inc. Net Cash Used For Investing Activities for the year ending February 28, 2022 was USD -26.00 K, a -100.90% change year over year.
  • Velan Inc. Net Cash Used For Investing Activities for the year ending February 28, 2021 was USD 2.90 M, a 124.84% change year over year.
  • Velan Inc. Net Cash Used For Investing Activities for the year ending February 29, 2020 was USD -11.68 M, a -43.92% change year over year.
Key data
Date Net Cash Used For Investing Activities Net Cash Used Provided By Financing Activities Dividends Paid Capital Expenditure
Market news
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SV Wall Street
Toronto Stock Exchange: VLN.TO

Velan Inc.

CEO Mr. James A. Mannebach BSBA, CPA, M.B.A.
IPO Date June 3, 1998
Location Canada
Headquarters 7007 Cote de Liesse
Employees 1,618
Sector Materials
Industries
Description

Velan Inc. designs, manufactures, and markets industrial valves worldwide. It offers cryogenic valves comprising cast steel cryogenic, small forged cryogenic, cryogenic triple-offset, memoryseal ball, and cryogenic control valves; gate, globe, and check valves, including pressure seal, cast steel, small forged, dual-plate check, bolted bonnet high pressure, cast stainless steel corrosion resistant, bonnetless, and knife gate valves, as well as maintenance valves for nuclear service; and quarter-turn valves, such as ball, metal-seated ball, high performance three-piece ball, general purpose ball, triple-offset, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves. The company also provides cast and small forged hydrofluoric acid valves; and bellows seal bolted bonnet high pressure, seal cast steel, and seal API small forged valves. In addition, it offers bimetallic and thermodynamic steam traps. The company serves nuclear power, power, oil and gas, refining, chemical, pulp and paper, marine, mining, LNG and cryogenics, and water and wastewater sectors. It primarily sells its products through independent third-party distributors and sales agents. The company was formerly known as Velan Engineering Ltd. and changed its name to Velan Inc. in February 1981. Velan Inc. was founded in 1950 and is headquartered in Montréal, Canada.

StockViz Staff

February 6, 2025

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