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Tag: Neptune Wellness Solutions

  • 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.