Neptune Wellness Solutions Inc NEPTF

Financial statements

[gwrbi]

Simon, where did you access the financial statement information?  I can't see it anywhere.  I don't understand how there can be any stock option expense, with the SP where it is currently.  Normally, there would be an add back to net income for the"mark to market" of the option accrual - which in this case would be a reversal.  Unless, they had not previously set up any expense for past option gains (like from $0.20 to $2.16).   So the current expense would be a one-time catch up.

Nevertheless, I would like to see the detailed financials - but the website isn't updated yet.

All in all, a very positive results release.  Looks like they are on the verge of making some great headway on the sales and production front.  Further, they are approaching the critical mass, where the growth multiple in their business can start to be achieved.  At $10M in total revenues, give them credit for making any net income, and generating positive net cash flow.  Now that they are covering their base overheads (i.e. being listed on 2 exchanges), future net income growth should be more substantial - otherwise, even I may start to side with Scanner.

It is not uncommon for early stage companies such as NTB to still be generating multi-million $ losses.

I expect future growth oriented news releases will be coming much more frequently, and that the current share price range is probably a bottom - with some significant gains to come.   Two news releases that I believe are imminent are (a) a pharma partner for Acasti and (b) that they will be seeking a TSX listing (to get out of the Venture minor leagues).