May 16, 2021

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.