July 13 (Reuters) - Velan Inc VLN.TO :
* Velan Inc Reports its first quarter 2017/18 financial results
* Says Q1 loss per share $0.20
* Says sales of US$71.1 million for quarter
* Says order backlog of US$456.6 million at end of quarter, of which US$168.1 million is scheduled for delivery beyond next 12 months
* Says Qtrly bookings amounted to $72.2 million, a decrease of $37.8 million or 34.4% compared to last year
* Says qtrly bookings amounted to $72.2 million, a decrease of $37.8 million or 34.4% compared to last year
* Says "responding to tough market conditions with three-year plan to drive out $20 million of annual costs" Source text for Eikon: ID:nCCN3NgHva Further company coverage: VLN.TO