July 12 (Reuters) - Velan Inc VLN.TO :
* VELAN INC. REPORTS ITS FIRST QUARTER 2018/19 FINANCIAL RESULTS
* NET NEW ORDERS OF US$86.2 MILLION FOR QUARTER
* Q1 SALES ROSE 9.6 PERCENT TO $77.9 MILLION
* Q1 LOSS PER SHARE $0.17
* ORDER BACKLOG OF US$459.9 MILLION AT END OF QUARTER
* QTRLY BOOKINGS AMOUNTED TO $86.2 MILLION, AN INCREASE OF $14.0 MILLION OR 19.5% COMPARED TO LAST YEAR