Friday, 15 October 2010

Neptune's Q2 Results Continues Positive Trend

Neptune Technologies & Bioresources
Basic Shares: 40.2 million
Fully diluted: 43.1 million


If past performance is any guide to the future, Neptune's second quarter results released Oct. 15th, bodes well for its next two quarters. Historically speaking, Neptune's first and second quarters tend to be relatively flat while its third and fourth quarters show seasonal growth.

Before getting into additional detail on that item, below are the consolidated results for Q2/F11 ending Aug. 31st. As a side note, NTB's plant was down for the better part of Q2/F10 as new equipment was installed to increase production capacity to 100 thousand KG per year of krill oil from 60 thousand KG.

 Revenue increased by 200% to just over $4. 1 million, up from $1.3 million during the corresponding period ending on August 31, 2009.
 Consolidated EBITDA for the three-month period, was $732 thousand compared to a loss of $1.6 million during the corresponding period last year.
 Net earnings increased by over $2.3 million and net income reached $274 thousand, or $0.01 per share, compared to a net loss of $2.1 million or $0.06 per share for the corresponding period last year.

For greater detail on the quarterly results, please click here.
The results caught the attention of the Montreal Gazette. It's story can be viewed here.
Looking at the quarterly results over the last three fiscal years - shown at the top of this blog -the trend is clear.
Quarterly consolidated revenue tends to be flat in the first half of Neptune's fiscal year but ends on a much stronger note in the last half of the year.
However, the important point is that the quarterly revenues, EBITDA and net income picture are only getting better.