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Stock Market & Financial Investment News

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June 13, 2014
08:09 EDTNEPTNeptune Technologies says Sherbrooke plant to resume production
Neptune Technologies announced that its Sherbrooke, Quebec, Canada production facility has received all required operating permits and production will now resume. Production will commence gradually and the corporation anticipates a ramp up period of around 90 days before reaching production capacity of approximately 150 metric tons of krill oil annually. The plant will focus on producing Neptune's NKO krill oil, and later this year Neptune will also make available three new condition-specific formulations.
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May 27, 2015
17:39 EDTNEPTNeptune Technologies sees Q1 revenue approximately $2M, one estimate $6.8M
In line with Neptune's decision to slow production down to address product handling characteristics, consolidated sales for the first quarter ending May 31 are expected to come in at approximately $2M, while the gross margin will remain under pressure. "However, with the positive momentum we are seeing at the plant and a robust sales pipeline we expect sales for the second quarter ending August 31, 2015 to be materially higher," highlighted CEO Jim Hamilton. "Our overriding objectives are to ensure customers receive a premium product and to optimize plant output in a cost effective manner, while building out demand as we increase production."
17:37 EDTNEPTNeptune Technologies reports Q4 net loss ($10.679M) vs. ($1.327M) a year ago
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