Neptune Reports Second Quarter Results
2012年10月15日 - 9:00PM
Neptune Technologies & Bioressources Inc. ("Neptune" or the
"Corporation") (Nasdaq:NEPT) (TSX:NTB) reports today its
consolidated financial results for the three- and six-month periods
ended August 31, 2012.
Six month ended August 31, 2012 Financial
Results
Nutraceutical Business Results
- Nutraceutical revenues increased by 62% to $14,001,000, for the
six-month period ended August 31, 2012, up from $8,636,000 achieved
during the corresponding period ended August 31, 2011.
- EBITDA from nutraceutical business for the six-month period
ended August 31, 2012 increased by 26% to $1,793,000, up from
$1,424,000 obtained during the corresponding period ended August
31, 2011.
- Net loss from nutraceutical business reached $2,749,000 for the
six-month period ended August 31, 2012, compared to a net income of
$136,000 for the corresponding period ended August 31, 2011.
Consolidated Results
- Revenues increased by 65% to $14,252,000 for the six-month
period ended August 31, 2012, up from $8,636,000 achieved during
the corresponding period ended August 31, 2011.
- Consolidated EBITDA for the six-month period ended August 31,
2012 was ($562,000), compared to ($1,076,000) obtained during the
corresponding period ended August 31, 2011.
- Earnings for the six-month period ended August 31, 2012
resulted into a net loss of ($6,379,000) compared to a net loss of
($3,026,000), for the corresponding period ended August 31,
2011.
"The good progression of our stock price during Q2 2013 had its
good and bad sides. Our stock price increased by approximately 20%,
which had a direct impact on our stock-based compensation expenses.
Because of IFRS standards, stock-option granted to consultants have
to be reevaluated every quarter, impacting directly the bottom
line. This is a blessing in disguise, because stock price
appreciation benefits everyone," said Frédéric Harland, Director
Finance.
"Neptune had a strong and record-breaking fiscal year 2012 and
the momentum has kept on in the first and second quarter of fiscal
2013," said André Godin, CFO. "Our aggressive policy of volume
discount combined with some product reprocessing has contributed to
slightly reduce our gross margin percentage for this quarter. This
one-time approach has still produced an overall increase in the
gross margin in dollar and was mainly put in place to secure market
share," he added.
Three month ended August 31, 2012 Financial
Results
Nutraceutical Business Results
- Nutraceutical revenues increased by 81% to $7,862,000, for the
three-month period ended August 31, 2012, up from $4,353,000
achieved during the corresponding period ended August 31,
2011.
- EBITDA from nutraceutical business for the three-month period
ended August 31, 2012 decreased by 22% to $504,000, down from
$650,000 obtained during the corresponding period ended August 31,
2011.
- Net loss from nutraceutical business reached $2,797,000 for the
three-month period ended August 31, 2012, compared to a net income
of $206,000 for the corresponding period ended August 31,
2011.
Consolidated Results
- Revenues increased by 86% to $8,099,000 for the three-month
period ended August 31, 2012, up from $4,353,000 achieved during
the corresponding period ended August 31, 2011.
- Consolidated EBITDA for the three-month period ended August 31,
2012 was ($704,000), compared to ($908,000) obtained during the
corresponding period ended August 31, 2011.
- Earnings for the three-month period ended August 31, 2012
resulted into a net loss of ($4,684,000) compared to a net loss of
($1,768,000), for the corresponding period ended August 31,
2011.
About Neptune Technologies & Bioressources
Inc.
Neptune is an industry-recognized leader in the innovation,
production and formulation of science-based and clinically proven
novel phospholipid products for the nutraceutical and
pharmaceutical markets. The Company focuses on growing consumer
health markets including cardiovascular, inflammatory and
neurological diseases driven by consumers taking a more proactive
approach to managing health and preventing disease. The Company
sponsors clinical trials aimed to demonstrate its product health
benefits and to obtain regulatory approval for label health claims.
Neptune is continuously expanding its intellectual property
portfolio as well as clinical studies and regulatory approvals.
Neptune's products are marketed and distributed in over 30
countries worldwide.
About Acasti Pharma Inc.
Acasti Pharma (TSX-V:APO) is developing a product portfolio of
proprietary novel long-chain omega-3 phospholipids. Phospholipids
are the major component of cell membranes and are essential for all
vital cell processes. They are one of the principal constituents of
High Density Lipoprotein (good cholesterol) and, as such, play an
important role in modulating cholesterol efflux. Acasti Pharma's
proprietary novel phospholipids carry and functionalize the
polyunsaturated omega-3 fatty acids EPA and DHA, which have been
shown to have substantial health benefits and which are stabilized
by astaxanthin, a potent antioxidant. Acasti Pharma is focusing
initially on treatments for chronic cardiovascular and
cardiometabolic conditions within the over-the-counter, medical
food and prescription drug markets.
About NeuroBioPharm Inc.
NeuroBioPharm is pursuing pharmaceutical neurological
applications, and a clinical study for a medical food product with
a multinational partner is already initiated. The development of a
prescription drug candidate is currently in progress. Advanced
clinical development and commercialization is planned to be carried
out with multinational partners.
"Neither Nasdaq nor the TSX nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX) accepts responsibility for the adequacy or accuracy of this
release."
Statements in this press release that are not statements of
historical or current fact constitute "forward-looking statements"
within the meaning of the U.S. Private Securities Litigation Reform
Act of 1995 and Canadian securities laws. Such forward-looking
statements involve known and unknown risks, uncertainties, and
other unknown factors that could cause the actual results of the
Company to be materially different from historical results or from
any future results expressed or implied by such forward-looking
statements. In addition to statements which explicitly describe
such risks and uncertainties, readers are urged to consider
statements labeled with the terms "believes," "belief," "expects,"
"intends," "anticipates," "will," or "plans" to be uncertain
and forward-looking. The forward-looking statements contained
herein are also subject generally to other risks and uncertainties
that are described from time to time in the Company's reports filed
with the Securities and Exchange Commission and the Canadian
securities commissions.
CONTACT: Neptune Contact:
Neptune Technologies & Bioressources Inc.
Andre Godin, CFO
+1.450.687.2262
a.godin@neptunebiotech.com
www.neptunebiotech.com
Howard Group Contact:
Dave Burwell
(888) 221-0915
dave@howardgroupinc.com
www.howardgroupinc.com
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