trending Market Intelligence /marketintelligence/en/news-insights/trending/RIwCqxrnExZPy0Qdr6cEXA2 content esgSubNav
In This List

Neptune Technologies fiscal Q4 loss widens 11.6% YOY

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure


Neptune Technologies fiscal Q4 loss widens 11.6% YOY

Neptune Technologies & Bioressources Inc. said its normalized net income for the fiscal fourth quarter ended Feb. 28 was a loss of 8 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 1 cents per share.

The per-share loss decreased 8.7% year over year from 9 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of C$6.3 million, compared with a loss of C$5.7 million in the year-earlier period.

The normalized profit margin rose to negative 133.9% from negative 158.3% in the year-earlier period.

Total revenue grew 12.0% year over year to C$4.0 million from C$3.6 million, and total operating expenses increased 13.3% from the prior-year period to C$17.1 million from C$15.1 million.

Reported net income totaled a loss of C$9.2 million, or a loss of 12 cents per share, compared to income of C$192,400, or 0 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 23 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of a loss of 14 cents.

EPS was a loss of 30 cents in the prior year.

Normalized net income was a loss of C$17.5 million, compared with a loss of C$18.1 million in the prior year.

Full-year total revenue fell 22.7% year over year to C$15.1 million from C$19.5 million, and total operating expenses decreased on an annual basis to C$56.0 million from C$57.1 million.

The company said reported net income came to a loss of C$28.0 million, or a loss of 38 cents per share, in the full year, compared with a loss of C$16.6 million, or a loss of 27 cents per share, the prior year.