Tuesday, 5 June 2012

Neptune Expects To Do $6+ Million in Q1

Neptune Technologies & Bioressources
Basic Shares: 48.2 million
Fully diluted: 53.9 million

Neptune announced today that it expects to achieve record quarterly revenues of $6 - $6.2 million in Q1/F2013 (Ended May 31, 2012). This management guidance represents a 40%-45% revenue jump over the same quarter a year ago.

According to Michel Timperio VP Global Sales for Neptune, ''Krill oil is the fastest growing ingredient in the whole Omega-3 market, which is great news as it reflects greater awareness from the consumers. Neptune's NKO, being first in its class, is gaining momentum worldwide in Asia, Oceania, as well as Europe, while continuing great progression in the US mass market, where Neptune's products, while dominating the health store channel, can now be found in large retail chains.

To view the full news release, please click here