May 26, 2022

Notable News to Focus: Neptune Wellness Solutions Inc. (NASDAQ:NEPT)

Neptune Wellness Solutions Inc. (NASDAQ:NEPT) stock observed trading -40.04% off 52-week high price. On the other end, the stock has been noted 219.79% away from low price over the last 52-weeks. The stock disclosed a move of 4.89% away from 50 day moving average and 23.18% away from 200 day moving average. Moving closer, we can see that shares have been trading 3.72% off 20-day moving average. It has market cap of $340.74M.

On Aug. 11, 2020, Neptune Wellness Solutions Inc. (NASDAQ:NEPT) a diversified and fully integrated health and wellness company focused on plant-based, sustainable and purpose-driven lifestyle brands,  notified its financial and operating results for the three-month period ended June 30, 2020. All amounts are in thousands of Canadian dollars except if specified otherwise.

First Quarter 2021 Financial Highlights:

  • Total revenues for the three-month period ended June 30, 2020 amounted to $21,363, representing a sequential increase of $11,833, or 124%, over the fourth quarter ended March 31, 2020 and an increase of $17,002, or 390%, compared to $4,361 for the three-month period ended June 30, 2019.
  • Gross profit for the three-month period ended June 30, 2020 amounted to $3,256, representing a sequential increase of $4,353 over the fourth quarter ended March 31, 2020 and an increase of $3,969 over the three-month period ended June 30, 2019. Gross margin improved to 15.2% compared to negative gross margins in both of the comparative periods, reflecting improved margins as a result of volume growth in cannabis.
  • Net loss for the three-month period ended June 30, 2020 amounted to $11,427 compared to a net loss of $6,452 for the three-month period ended June 30, 2019.
  • Adjusted EBITDA1 improved by $227 for the three-month period ended June 30, 2020 to a loss of $3,356 compared to the three-month period ended June 30, 2019. The increase in Adjusted EBITDA1 is mainly attributable to the increase in gross profit, partially offset by an increase in SG&A expenses.
  • Neptune establishes second quarter fiscal 2021 revenue guidance of between $28,000 and $32,000, representing a sequential growth of approximately 31% to 50% compared to the previous quarter or approximately 330% to 391% growth over the prior year period.

The stock was observed in the 5 days activity at 2.50%. The one month performance of stock was 5.50%. NEPT’s shares are at 18.99% for the quarter and driving a -38.84% return over the course of the past year and is now at 11.64% since this point in 2018.   The average volatility for the week and month was at 5.54% and 5.91% respectively. There are 110.99M shares outstanding and 72.90M shares are floated in market.

Dennis Morris writes related to the Business Category. He manages to cover anything thrown at him in these two verticals owing to his natural inclination towards Business. Dennis is our freelance contributor. He is responsible for covering developments in finance and business categories.