Neptune Wellness Solutions Inc. (NEPT) shares declined 14.95% in after-hours on Thursday, July 15, 2021, and closed the daily trading at $0.91 per share. Earlier in the morning session, NEPT’s stock lost 1.83% to close Thursday’s session at $1.07. NEPT shares have fallen 64.09% over the last 12 months, and they have moved down 1.83% in the past week. Over the past three months, the stock has lost 13.01%, while over the past six months, it has declined 42.16%.
Let’s see what’s going on with NEPT recently?
Q4 and FY 2021 financial results announcement
On July 15, 2021, Neptune Wellness Solutions Inc released its financial results for the three-month and twelve-month periods ending March 31, 2021.
Q4 2021 financial highlights
- Neptune Wellness Solutions earned a revenue of $6.8 million in Q4 2021 compared to $9.5 million in Q4 2020.
- The gross profit was -$$24.8 million in Q4 2021 compared to a reported gross profit loss of $1.1 million in Q4 2020.
- The company suffered a net loss of $60.3 million in Q4 2021 compared to a net loss of $39.2 million in Q4 2020.
- Adjusted EBITDA was negative $38.2 million in Q4 2021 compared to an Adjusted EBITDA loss of $5.8 million in Q4 2020.
FY 2021financial highlights
- For FY 2021, Neptune Wellness Solutions earned a revenue of$46.8 million compared to $29.6 million in FY 2020.
- gross profit loss of $36.2 million was reported in FY 2021 compared to a gross profit loss of $1.8 million for the fiscal year 2020.
- In FY 2021, the company suffered a net loss of $168.6 million compared to a net loss of $60.9 million for the fiscal year 2020.
- Adjusted EBITDA was negative 7 million in FY 2021 compared to an Adjusted EBITDA loss of $19.9 million for the fiscal year 2020.
Non-compliance notice from Nasdaq
on July 2, 2021, the Company received a letter from the Listing Qualifications Department of the Nasdaq Stock Market notifying the Company that it was not in compliance with the requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed its Annual Report on Form 40-F for the fiscal year ended March 31, 2021.
Launch of New Corporate and Investor Relations Websites
On June 29, 2021, Neptune Wellness Solutions Inc launched new corporate overview and investor relations websites after feedback from its customers.
The address for the new corporate website is www.neptunewellness.com and the new investor relations website can be found at www.investors.neptunewellness.com or by selecting “Investor Relations” at the bottom of the corporate website pages.
Conclusion
Yesterday’s financial results announcement was the reason behind its exceptional loss on Thursday. the financial results were not very attractive for the investors which resulted in the decline of its share price. The negative trend can continue on Friday as well.
