Neptune Wellness Solutions Inc. (NASDAQ:NEPT) Stock Slumps As Investors Are Not Happy With Earnings
Neptune Wellness Solutions Inc. (NASDAQ:NEPT) fell 13% after announcing fiscal Q1 2022 financial results for the period ended June 30, 2021, and provided operating results. Revenue exceeded the previously announced Q1 range of $10 to $12 million and increased 83% quarter over quarter. Revenue was $12.4 million relative to $11.2 million in Q1 2021. The company reported a net loss of $23 million compared to $11.4 million a year ago,…