Neptune Technologies (NEPT) Reports Q3 EPS of $12.3M, Up 122%

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Go back to Neptune Technologies (NEPT) Reports Q3 EPS of $12.3M, Up 122%

Neptune Announces Record Third Quarter Results

January 12, 2017 5:00 PM EST

LAVAL, QUEBEC -- (Marketwired) -- 01/12/17 -- Financial and Operational Highlights(1)

-- Revenues reached $12.3 million, up 122% versus last year -- Best quarter in terms of krill oil sales volume in the last four years -- Gross margin on sales rose to 25.9% compared to 23.8% last year -- EBITDA(2) of $1.3 million compared to a non-IFRS operating loss(2) of $0.6 million last year, an improvement of $1.9 million -- Net income of $11.2 million which includes a one-time royalty payment net of related legal fees -- Settlement agreement with Aker Biomarine -- Expanded worldwide distribution rights of MaxSimil -- Healthy cash balance for the Nutraceutical... More