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Tag: NEPT

  • Crypto Weekly Gainers and Losers

    Crypto Weekly Gainers and Losers

    Although 2022 has been ending on an undesirable note, the immediate term has clearly brought on board its fair share of winners. Even though top crypto names such as BTC and ETH have remained immobile lately, some names in the crypto game have taken on spectacular climbs. At the time of writing this newsletter, the top weekly gainers stand as follows:

    Crypto

    Top Weekly Gainers

    hiDOODLES

    Following its successful performance of the previous week, hiDOODLES continues its winning streak into the present week too. This time around, the cryptocurrency has taken off from $0.06 to its present high of $0.40, in the span of only seven days. With an impressive trade volume of $2 million, this rise translates to a weekly gain of a staggering 566%. Given its strong potential, the cryptocurrency is increasingly being called another goldmine in the Kucoin exchange.

    Convergence

    Another cryptocurrency that brought on a spectacular rise was Convergence (CONV), which saw a sudden price explosion on Christmas day. This caused CONV price to shoot up from $0.00044 to a peak of $0.00332, with its trade volume peaking at $9.44 million. Although the cryptocurrency is now “down” to $0.00214, its weekly gains of 386% remain nothing short of incredible.

    VAIOT

    VAIOT (VAI) is another crypto-name that climbed high in the Christmas rally seen in the prior week, in its take-off from $0.018, peaking at $0.060 on Sunday. In the following days, however, VAI initiated a slow drop, reversing some of its Christmas day gains, putting its net appreciation for the week at 194%. Its volume is presently down from $3.4 million seen yesterday to its present level of $1.4 million.

    RankerDAO

    RankerDAO (RANKER) too made it to the list of weekly winners, with its spectacular price shoot-up seen on Friday, in an explosion that took it from $0.0029 to a peak of $0.0190. This instantaneous rise of 555% coincided with the RankerDAO project initiating its NFT minting process, which saw volume reach $9.6 million. However, as the hype died down, RANKER stabilized at $0.0074, leaving its gains for the week at 289%.

    Medieval Empires

    Following its highly successful ICO and launch into the secondary market, the Ertrugrul-themed fantasy game, Medieval Empires (MEE) saw an epic price rise this week. As market bulls rushed this new and promising player, its price took off from $0.011 to $0.024, translating to an impressive climb of 118%. It must be pointed out, however, that MEE saw its trading volume drop from $3.8 million to $1.2 million, in the last 24 hours.

    Top Weekly Losers

    With a large number of impressive winners, the week also saw its fair share of disappointments, with several cryptocurrencies taking on drastic price falls. At the time of writing this newsletter, the following stand as the top losers of the week, in terms of their price depreciation:

    Metanept

    Throughout the previous week, Metanept (NEPT) saw a price fall and an especially hard plummet with the onset of Christmas. NEPT has fallen from its price of $0.00410 a week ago to a deadly low on Sunday of $0.00036. This fear had come primarily from a deposit suspension by MEXC and a potential de-listing from Bitmart. Net loss throughout the week stands at 89%.

    hiMEEBITS

    hiMEEBITS has been slipping hard this prior week, in its fall from $0.017 to its present low of $0.007, translating to a downward movement of 58%. The cryptocurrency seemingly has come to lose favor among its backer’s given hidden aspects of its protocol, such as deductions made for every trade conducted. Despite this drastic performance, many of its supporters are claiming that a bullish rise may well be imminent.

    Wolf Game Wool

    Wolf Game Wool (WOOL) has shown a highly irregular price trend across the last week, with the cryptocurrency seeing price bursts and shootdowns throughout. However, looking at its overall trajectory, we see that WOOL has shed more than half of its price while dropping from $0.042 to its present low of $0.020. In the last few hours, its trading volume has also fallen sharply from $8.5 million to $4.2 million.

    Xoloitzcuintli

    Another significant name among crypto-losers this week has been Xoloitzcuintly (XOLO), which has been shedding its price throughout the week. In the last seven days, it has seen its price go from $0.00025 to a low of $0.00012, translating to a 52% unrealized loss. However, it must also be pointed out that XOLO also climbed to high peaks during brief instances this week, and reached as high as $0.00111. Evidently, none of these peaks could be sustained for a long period of time.

    MELX

    MELX (MEL) was another heart-breaker of the week, dealing damage to its holders, in its fall of 48% in the last seven days. However, in the last few hours, its trade volume has taken on a gradual climb to over $1 million, which may be an indication that the market bulls have entered the arena. Time will tell, however, what direction MELX ultimately takes.

  • Crypto Winners and Losers This Week

    Crypto Winners and Losers This Week

    With the market presently in one of its most serious lows, bulls appear to be taking cover for a while, with no indication of which cryptocurrency to rally towards. Despite these bleak circumstances, however, a number of names in the crypto-sphere did perform spectacularly, gaining significantly over the prior week. At the time of the writing of this newsletter, these were as follows:

    Top Weekly Gainers

    Trust Wallet Token

    The Trust Wallet Token (TWT) has been the most significant among the winners of the week. Despite grave pessimism, TWT successfully took on a climb from $1.11 to a present high of $2.64, thus translating to a gain of 138% in merely a 7-day period. This bullish run coincides with statements by the CEO of Binance, who heavily supported a push towards self-custody in the world of crypto. Trade volume on TWT yesterday surpassed the $700 million mark.

    SocialGood

    SocialGood (SG) was another top performer this week, which saw a 400% price explosion on Friday, coinciding with the SG ecosystem launching membership for its app. At the height of this bullish frenzy, SG climbed from $0.043 to a peak of $0.137. In the days that followed, however, it has somewhat stabilized close to the $0.094 mark, putting its weekly gains at almost 120%. Trade volume has also dropped from $2.5 million to $1.2 million.

    SafePal

    The greater part of the last week had been unimpressive for SafePal (SFP), as it gradually slipped from $0.39 to below $0.30. On Sunday, however, an epic gear shift was seen which saw SFP take off at a mighty pace to the $0.75 mark, over three days. SafePal is seeing a surge in interest following the FTX fiasco, and heightened skepticism towards exchanges by crypto-market participants. As the first hardware crypto-wallet backed and funded by Binance, many are turning to hold this digital asset. Net weekly gains stand at over 92%.

    dYdX

    dYdX has been undertaking an impressive climb throughout the prior week, pushing upward against the bearish storm of uncertainty. Its 7-day climb from $1.22 to $2.69 translates to a weekly gain of over 120%. Trade volume during this time frame steadily rose from $100 million to almost $450 million. dYdX has been widely pushed by the market, given its vision of a decentralized and non-custodial exchange, eliminating the factor of trust within such systems. The rally is a part of a wider sentiment shift observed within the market.

    DFI.Money

    The price curve for DFI.Money (YFII), over the prior week, has been remarkable in its climb. In only seven days, YFII went from a low of $1370 to its present high of $2159, denoting a 57.6% price surge. YFII is another crypto-name seeing a rally in the wake of the FTX controversy, with substantial backing from the market, on account DeFi aggregator platform. It must be noted, however, that trade volume over the week has dropped from almost $160 million to its present level of $41 million.

    Top Weekly Losers

    The crypto market was rocked to its core in the last week and undertook a hard plunge after months of stability. For this reason, it comes as no surprise that the losers this week, far outweigh the winners, in terms of both quantity and magnitude of loss. At the time of writing this issue, the top crypto-losers of the week are as follows:

    FTX Token

    The FTX Token (FTT) undoubtedly tops the list of the week’s losers, as would be unsurprising from the token responsible for the crash of the wider crypto space. In its weekly descent from barely $18, the token has shed most of its value and is presently trading at the $1.32 mark. This price fall equates to a loss of 93%. Considering that trade volume has dropped over the week from $3.5 billion to $78 million, it seems the initial wave of panicked bears has had their play with FTT.

    Saltmarble

    Saltmarble (SML) was another name among the crypto-losers of the week, after having shed 92% of its market capitalization within a seven-day window. The cryptocurrency, which has been circulating the market since July has had its roughest week so far, plunging deeply to new all-time lows, with each passing hour. For the first time since its existence, SML dropped below the $1 mark and continues in that direction. It is presently trading at $0.65 from over $10 last week.

    Metanept

    Metanept (NEPT) was one of the names from the crypto-market fall, after its plunge from $0.0613 to its present price of $0.0088. This 86% drop in the last week follows through after an extremely bearish month, where NEPT has been persistently dropping low. This wider price trajectory seems to link to panic among market participants as to a potential NEPT delisting.

    VIDT DAO

    After weeks of a successful climb which saw a climb from $0.260 to a peak of $0.770, VIDT DAO, in the last week has shifted to reverse gear, and has fallen to $0.019. The 65% fall in the last week has reversed all the gains VIDT undertook since June, and has put it in a precarious position. The DAO token faces widespread unpopularity, considering its verifiable trust concept in Web3. According to the market at large, this concept is neither reliable nor sustainable, in the wake of the recent FTX fiasco.

    Serum

    Serum (SRM) has been falling hard, amidst increasing concerns in the markets toward a possible insolvency declaration. SRM fell from $0.73 to a low of $0.27, in a seven-day period, losing 63% of its price during this time. These losses would have been even more severe, were it not for the bullish rally of the last 24 hours, pushing up its price by 34%. Trade volume has been rising throughout the week, and presently exceeds the $240 million point.

  • ATH Coins and Top Moving Cryptocurrencies of the Day

    ATH Coins and Top Moving Cryptocurrencies of the Day

    Crypto winners

    Although the wider crypto-market is experiencing panic and heavyweights like Bitcoin and Ethereum are struggling to maintain their prices, there are certain names in the crypto-domain that appear to have defied the odds and broken previous levels. Since these cryptocurrencies have just gained momentum, they are expected to continue rising to record highs.

    As of the writing of this Stocks Telegraph update, the following cryptocurrencies hit the ATH mark:

    ATH coins

    Portugal National Team Fan Token

    Portugal National Team Fan Token (POR) made it to the list of recent cryptocurrencies that hit a new ATH mark, at $6.36. The token has been a rising bull ever since mid-July, from when it has been rising staggeringly. In the last three months alone, POR has ballooned by over 800%, and its recent record high delivers it a new milestone achievement.

    Square Token 

    Square Token (SQUA) was another cryptocurrency name that turned heads on account of its epic rise and finally hit an ATH. The token started trading at $19.50, back in January this year, which plummeted down to $3, from which it never truly recovered until very recently. Following a series of price bursts in recent months, SQUA shot up to over $21 today and appears to be in full climb mode.

    Goat Gang

    Goat Gang (GGT) the 3-month-old cryptocurrency, has had a history of stepping up its game, every other week or so, pushing up its ATH, and setting a new baseline. In the last 24 hours, GGT maintained this winning streak and pushed up its ATH to $150. This could consistently be surpassed in the following weeks and months if it holds upon this momentum.

    Streakk

    Streakk (STKK) is yet another big winner, which has a reputation of consistently climbing to new highs, since its trade initiation 50 days ago. Its recent ATH of $238 is remarkable, given that the peak was short-lived, with STKK falling back down to $215. However, given the cryptocurrency’s growing trade volume above $1 million, this peak could be surpassed in the following days once again.

    Metanept 

    Metanept (NEPT) has proven to have one of the most epic comeback tales this week, reaching record levels of high. Ever since the cryptocurrency began circulating the market early last month, it has been on a steady decline resulting in a slow-bleeding price loss. Things took a turn this week when on Monday its price saw a growth explosion of over 3000%, which pushed it up from $0.0095 to $0.30, in a matter of hours. Although this peak was corrected almost instantaneously, it has set a new baseline of $0.10 for NEPT.

    Top Moving Cryptocurrencies (24H)

    Alongside ATH names, another way to spot market winners is to look at the cryptocurrencies that have had the biggest price increases over the past 24 hours. Despite the panic dominating the market, it is apparent that traders are going all in and placing strategic bets on crypto-assets they believe to be profitable. Market participants have sufficient incentive to join in on these moves because of their volume and upward tendency, which contributes to the remarkable increases. The following cryptocurrencies are making the largest moves for the day, as of the writing of this update:

    Primal 

    Primal (PRM) was amongst the biggest winners today, given that it almost tripled its price from $0.010 to $0.028, with a gain amounting to almost 180%. At a certain point during the day, its price stood at $0.04, which put its gains at 400%, and soon saw a correction to a stable level. PRM’s trade volume also appears stable at above $1.1 million.

    Sashimi

    Sashimi was another big riser of the day, which exploded in the last 24 hours to epic proportions. Its sudden rise of 425% from $0.0061 to $0.032 took place in a matter of mere hours and took the market by storm. Although this jump saw immediate correction, Sashimi saw a volume surge from $60,000 to over $1 million. In the rises and falls, the cryptocurrency saw a net gain of 120% at the end of the day.

    OAX

    OAX is another name to keep on your radar, given the spectacular wins it has been delivering. The cryptocurrency has been rising steadily for the last two weeks but has entered rocketing climb in the last two days without stopping. During the last 48 hours, OAX has almost doubled its price from $0.23 to $0.45, with the gains of the last day alone standing at 44%. With a trading volume of a staggering $20 million, it is evident that the hype around OAX is at a stellar margin.

    Neblio

    Neblio (NEBL) also made the news given its 33% climb in just a 24-hour window. Its growth spurt traces back to yesterday when it started climbing up from $1.63 to its present price of $2.51, putting its gains for the two days up at 54%. These gains are remarkable considering how fearful the wider market is at large. These gains are therefore going to the most daring traders that can tolerate a high degree of risk.

    SpaceMine 

    SpaceMine (MINE) proved to be another spectacular climber for the day with its 36% price jump coming seemingly out of nowhere. Volume has remained remarkably stable for MINE throughout the 24 hours that brought these gains, which suggests that it may very well attain stability at this level throughout the next day.

  • Crypto Winners and Losers of the Week

    With the crypto-markets now officially falling into dark territory, confidence in the wider market seems to be at a multi-month low. Despite these pessimistic and uncertain sentiments by traders and investors, a number of cryptocurrencies have still proven to be winners. At the time of the writing of this update, the following names stood tall as the biggest winners of this week:

    Metanept

    Metanept (NEPT) was part of a rocketing climb this week, growing far more than any other cryptocurrency could conceivably achieve, especially in the present climate of uncertainty. NEPT, by yesterday, had exploded from $0.0084 to over $0.32, in a growth spurt amounting to over 3700%. Although this peak was somewhat corrected almost immediately, the gains for the week still stand at almost 850%. Momentum seems to be well-charged, with NEPT doubling itself in just the last 24 hours, and trade volume presently standing at $1.3 million.

    Fidance

    Fidance (FDC) has been another name in the cryptoverse with a beyond-epic climb of over 730% since last week. FDC peaked for the week on Saturday, hitting $0.00234, at which point its gains stood at over 2000%. Ever since then, the cryptocurrency has been slowly falling, yet its climb remains incredible given the growth it has managed to retain post-correction. Its trade volume appears stable at present, at the $1.5 million mark.

    Qatar 2022 Token

    Qatar 2022 Token (FWC) has finally been seeing favorable action for the first time in at least six months, given an impressive take-off in an upward flight. FWC climbed by 300% in the last week, and 40% in the last 24 hours alone. This rush appears to hold momentum, which may very well continue to and through the FIFA world cup held in Qatar, in November this year. Trade volume at present remains somewhat modest at $1.7 million, yet this may very well surge as promotion and hype around the world cup ramps up across social media, as November approaches.

    Viberate

    Viberate (VIB) has been seeing incredible hype in the market, with both bulls and bears battling it out, and influencing the cryptocurrency’s price. VIB has gained 160% in the last week alone, with present trade volume exceeding the $33 million mark. Despite these spectacular figures, the past few days have seen hype somewhat diminishing for the cryptocurrency, as at one point its gains stood at over 720% and volume at a whopping $527 million. Despite this, its present gains, even after the cooldown, still put Viberate among the week’s big winners.

    LoopNetwork

    LoopNetwork (LOOP) too has turned out to be a name in the crypto-verse with a weekly performance that is certainly worth mentioning. For most of the week, the LOOP cryptocurrency has been on a slow but steady climb, constantly pushing upwards from its starting point of $0.025. In the first 5 days, it succeeded in making it to $0.032, but it was not until Sunday that LOOP truly took off. Earlier this morning, LOOP hit its all-time high at a price of $0.071, pushing its weekly gain up to an impressive 184%.

    Top Weekly Losers

    Although, despite the bleak circumstances surrounding crypto-markets, a number of winners certainly emerged. However, the market as a whole produced a far larger amount of losers, with the crypto-verse generally seeing a trend of traders pulling out, rather than pouring cash into the market. The result, therefore, was some seriously disappointing crypto-trends. As of the writing of this Stocks Telegraph update, the week’s losers are as follows:

    ETHPoW

    As many had already anticipated, following Ethereum’s merger with PoS, the biggest weekly loser was the ETHPoW. Interestingly, the cryptocurrency was off to a positive start during the week, climbing up from $30.71 to $60.68, almost doubling its price in just two days, till Thursday of last week. As the merge saw completion, however, ETHPoW saw a corrective plummet, which has it presently trading at $5.71, with a weekly loss of over 80%. With a trading volume of over $180 million, it seems apparent that sentiment surrounding this cryptocurrency remains overwhelmingly pessimistic.

    ITSBLOC

    ITSBLOC (ITSB) was an especially disappointing crypto player this week, primarily given its anti-climatic price trajectory. The cryptocurrency started off as a rising star, and many expected to make it to the list of big winners of the week. In just two days ITSB doubled its price from $0.36 to $0.72, and then took an instantaneous plummet, pushing it down to $0.12. The following days saw an attempt at a fightback, with its present price at $0.14, and its loss for the day and the week standing at 81% and 62% respectively.

    hiODBS

    hiODBS has been another disappointing name that was a big loser this week, falling spectacularly by 72%. This cryptocurrency initiated trade in the markets only last week, and the timing for this has been unfortunate, given some of the most bearish climates the wider crypto-sphere has seen this year. hiODBS initially climbed from $0.0190 to $0.0240 on its first day but has been falling ever since. At present, it is down to $0.0052, with its downward trajectory hardly showing signs of a slowdown.

    Phoenix Global

    Phoenix Global (PHB), after its spectacular performance throughout the prior month, climbing by over 470%, finally saw its hot spell dying down with its dismal performance in the last week. In the last 7 days alone, PHB fell from $2.36 down to $0.93, a loss which translates to almost 60%. With its $35 million trade volume for the day, it appears evident that holders are pulling out their capital from the cryptocurrency in large numbers. This comes in wake of the bearish conditions anticipated in the coming days and weeks.

    AirDAO

    AirDAO (AMB), also proved to end up in disappointment for those that were backing it, with its prices cut down to almost half in just the last seven days. Its descent from $0.042 to its present price of $0.021, indicates how the market seems wary of AirDAO. Based on the trends, it is likely that this selloff may very well cool off and attain stability, as trade volume has come down from $190 million, a week ago, to a mere $7 million at present.

  • Neptune Wellness Solutions Inc. (NEPT) stock Rebounds After Hours. Here’s Why?

    On March 18, Neptune Wellness Solutions Inc. (NEPT) suffered from a huge sell-off during regular trading. With no recent news from the company, the stock plunged down to a new low of $0.2051 during the session. But the losses were recovered in the after-hours, as the stock rebounded to make some gains on the dip.

    NEPT stock had been on a relatively mild-activity course for quite some time now. But on Friday, the stock witnessed some serious movement with a 31.63% loss in the regular session followed by a 31.64% gain in the after hours. NEPT closed the regular session at its 52-week low of $0.2051, giving way for a rebound effect in the after hours. Thus, investors jumped in to buy the dip and made the stock recover its losses in the after-hours session. Consequently, the stock was trading at $0.27 per share in the after-hours on Friday. While the volume remained mere 448.53K shares in the after-hours, the stock recovered well.

    With no official news of SEC filing from the company, the stock’s recent movements seem to be a response to external factors. Therefore, social media chatter and stock sentiment could be held responsible over here.

    With a market capitalization of $46.89 million, Neptune Wellness Solutions Inc. is a diversified health and wellness company.

    NEPT’s Registered Direct Offering

    Source: Max Pixel

    On March 14, the company announced the closing of its previously declared registered offering for gross proceeds of US$8.0 million. The company had entered into the offering with a single strategic consumer-focused institutional investor for 18,500,000 common shares and 6,500,000 pre-funded warrants. Moreover, the common shares and pre-funded warrants were sold together with Series A Warrants and Series B Warrants for purchasing 25,000,000+25,000,000 common shares.

    The company plans to use the net proceeds from the offering for working capital as well as general corporate purposes. Further on, the sole placement agent for the offering was A.G.P./Alliance Global Partners.

    Fiscal Q3 2022 Results

    On February 10, the company reported its financial results for the quarter that ended on December 31, 2021.

    In fiscal Q3 2022, the company had revenue of CAD18.4 million compared to $3.3 million in the year-ago period.

    Furthermore, the company incurred a net loss of $20.9 million in the quarter, against $74.9 million a year ago.

    NEPT reported an adjusted EBITDA loss of $9.8 million in fiscal Q3 2022, with an improvement of 22% YOY.

  • Neptune Wellness Solutions Inc. (NEPT) stock Rebounds After Hours Just Before Earnings

    Neptune Wellness Solutions Inc. (NEPT) stock Rebounds After Hours Just Before Earnings

    On February 09, Neptune Wellness Solutions Inc. (NEPT) stock rebounded after hours with a good comeback. The stock rose just before the company’s upcoming earnings announcement. The company will be declaring its fiscal Q3 2022 results on February 10, before the market opens. Moreover, the conference call is set to be held at 10:00 am ET, on Thursday.

    During regular trading, NEPT stock suffered a loss of 7.68% as it plunged down to its 52-week low of $0.2800. The stock closed the session at the 52-week low with 2.41 million shares exchanging. Soon in the after-hours, the stock saw a reversal as it rebounded to add a good 21.21%. Hence, NEPT was trading at $0.3394 apiece in the after hours, on Wednesday.

    The Canada-based diversified health and wellness company, Neptune Wellness Solutions Inc. has a market capitalization of $50.67 million. Currently, the company has 167.32 million shares outstanding in the market.

    What is Happening with NEPT?

    Since the company announced the date for its earnings release, the stock has been moving slowly with occasional downtrends. With no new announcement or SEC filing, NEPT stock nosedived in the regular session to its new 52-week low. The following recovery in the after-hours could be attributed to two suspected reasons. Firstly, positive anticipation of the upcoming earnings of the company. Secondly, the new low price of the stock seems to have provided a good buying opportunity to interested investors. Therefore, NEPT stock made a good comeback in the after-hours on Wednesday, just before its earnings release.

    In the past five days, the stock has lost 11.70% while it has declined by 31.71% year to date. Moreover, NEPT stock lost a huge value of over 91.1% in the past year.

    Recent Developments

    On January 18, the company announced it has brought its own legal services in-house, hence, reducing corporate costs. The company has appointed Christopher J. C. Waldon and Christopher Piazza for the purpose.

    Mr. Waldon has been appointed as the company’s Deputy General Counsel – Litigation. With more than 14 years of experience in all aspects of litigation, Mr. Waldon joined NEPT from Venable LLP.

    Additionally, Mr. Christopher Piazza has been appointed as the company’s Deputy General Counsel – Corporate. Mr. Piazza has been advising the company as its Associate General Counsel since 2019.

    On December 20, NEPT announced the launch of Mood Ring’s new cannabis pre-roll product line in Ontario and Alberta. With this addition, the company now has products for every category in Canada.

  • Here is why Neptune Wellness Solutions Inc. (NEPT) stock had BAD Thursday?

    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.