Private company

Neptune Wellness Solutions Inc.

Canadian pharmaceutical preparations company based in Laval1

In its 2023 annual report the company says: “Neptune Wellness Solutions Inc. is a modern consumer packaged goods company driven by a singular purpose: to transform the everyday for a healthier tomorrow. The Company utilizes a highly flexible, cost-efficient manufacturing and supply chain infrastructure that can be scaled up and down or into adjacent product categories to identify new innovation opportunities, quickly adapt to consumer preferences and demand, and bring new products to market through its mass retail partners and e-commerce channels.”48

Last updated Oct 20, 2026.

Overview

$51.7MRevenue, fiscal 20232
-$60.5MNet income, fiscal 20232
  • IndustryPharmaceutical Preparations1
  • HeadquartersLaval, Canada1
  • Incorporated inQuebec, Canada3
  • Business address545 Promenade Du Centropolis, Suite 100, Laval, A8 H7T 0A33
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation

See how the biggest companies compare on our leaderboards

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

-4.8%Gross margin2
-198.8%Operating margin2
-116.8%Net margin2
8.5%Revenue growth, 20232
-$29.5MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue53¢$55.1M
  • Research and development0¢$484.2K
  • Selling, general and admin45¢$46.4M
  • Interest2¢$2.0M

Out of $51.7M in revenue.2 The company lost money this year.

Financial statements

Revenue56782$51.7M in 2023+87% since 2018
0$20.0M$40.0M$60.0M2018: $27.6M$27.6M20182019: $24.4M$24.4M2019−12%2020: $29.6M$29.6M2020+21%2021: $34.3M$34.3M2021+16%2022: $47.7M$47.7M2022+39%2023: $51.7M$51.7M2023+8%
Gross profit56782-$2.5M in 2023
-$30.0M-$20.0M-$10.0M0$10.0M2018: $6.3M$6.3M20182019: $7.6M$7.6M2019+20%2020: -$1.8M-$1.8M20202021: -$27.4M-$27.4M2021+1389%2022: -$7.5M-$7.5M2022−72%2023: -$2.5M-$2.5M2023−67%
Operating income56782-$102.8M in 2023
-$200.0M-$150.0M-$100.0M-$50.0M0$50.0M2018: $1.2M$1.2M20182019: -$22.8M-$22.8M20192020: -$154.9M-$154.9M2020+579%2021: -$130.9M-$130.9M2021−16%2022: -$88.5M-$88.5M2022−32%2023: -$102.8M-$102.8M2023+16%
Net income56782-$60.5M in 2023
-$150.0M-$100.0M-$50.0M0$50.0M2018: $9.3M$9.3M20182019: -$23.2M-$23.2M20192020: -$60.9M-$60.9M2020+162%2021: -$123.2M-$123.2M2021+102%2022: -$75.0M-$75.0M2022−39%2023: -$60.5M-$60.5M2023−19%
Fiscal year20162017201820192020202120222023
Revenue27.6M CAD524.4M CAD629.6M CAD7$34.3M8$47.7M2$51.7M2
Cost of revenue$62.8M8$56.3M2$55.1M2
Gross profit6.3M CAD57.6M CAD6-1.8M CAD7-$27.4M8-$7.5M2-$2.5M2
Research and development$1.9M8$880.2K2$484.2K2
Selling, general and admin$63.8M8$60.5M2$46.4M2
Operating income1.2M CAD5-22.8M CAD6-154.9M CAD7-$130.9M8-$88.5M2-$102.8M2
Interest$293.2K8$1.0M2$2.0M2
Income before tax-$84.4M2-$88.8M2
Income tax-$3.5M8
Net income9.3M CAD5-23.2M CAD6-60.9M CAD7-$123.2M8-$75.0M2-$60.5M2
Earnings per share-$35.868-$15.542-$5.122
Earnings per share (diluted)-$35.868-$15.542-$5.122
Shares (weighted, basic)4.8M shares211.8M shares2
Shares (weighted, diluted)4.8M shares211.8M shares2

Compare Neptune Wellness Solutions Inc. with another company

Corporate structure

Neptune Wellness Solutions Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Neptune Wellness Solutions Inc.

  • CCUR Holdings, Inc. Filed SC 13G/A on Neptune Wellness Solutions Inc., latest Feb 12, 2024 (2 filings since Feb 17, 2023)
  • SABBY MANAGEMENT, LLC Filed SC 13G/A on Neptune Wellness Solutions Inc., latest Jan 2, 2024 (2 filings since Jan 4, 2023)
  • Neptune Securities Settlement Fund Filed SC 13D on Neptune Wellness Solutions Inc., latest Oct 17, 2023
  • Shohaib Kassam Sumar Filed SC 13D/A on Neptune Wellness Solutions Inc., latest Jun 1, 2023 (2 filings since Dec 27, 2022)
  • Morgan Stanley Filed SC 13G/A on Neptune Wellness Solutions Inc., latest Feb 14, 2023 (2 filings since Aug 23, 2022)
  • PERCEPTIVE ADVISORS LLC Filed SC 13G/A on Neptune Wellness Solutions Inc., latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • Neptune Wellness Solutions Inc. Laval, Canada

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Neptune Wellness Solutions Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$2.7M2 Mar 31, 2023$66.3M2 Mar 31, 2022−95.9%
Accumulated depreciation$1.3M2 Mar 31, 2023$44.8M2 Mar 31, 2022−97.1%
Property and equipment, net$1.4M2 Mar 31, 2023$21.4M2 Mar 31, 2022−93.5%
Operating-lease assets (leased space)$1.9M2 Mar 31, 2023$2.3M2 Mar 31, 2022−15.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.0M2 Mar 31, 2023$8.7M2 Mar 31, 2022−77.2%
Marketable securities, current$17.5K2 Mar 31, 2023$19.3K2 Mar 31, 2022−8.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.4M2 Mar 31, 2023$22.2M2 Mar 31, 2022−89.1%
Intangible assets, net (excluding goodwill)$1.6M2 Mar 31, 2023$21.7M2 Mar 31, 2022−92.6%
Finite-lived intangibles, gross$27.2M2 Mar 31, 2023$49.7M2 Mar 31, 2022−45.2%
Accumulated amortization$6.1M2 Mar 31, 2023$26.5M2 Mar 31, 2022−76.9%
Finite-lived intangibles, net$1.6M2 Mar 31, 2023$21.7M2 Mar 31, 2022−92.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$13.0M2 Mar 31, 2023$17.1M2 Mar 31, 2022−23.8%
Raw materials$5.3M2 Mar 31, 2023$7.9M2 Mar 31, 2022−32.9%
Work in process$1.0M2 Mar 31, 2022$5.9M8 Mar 31, 2021−82.8%
Finished goods$7.4M2 Mar 31, 2023$8.0M2 Mar 31, 2022−7.7%

Leadership

Who has led Neptune Wellness Solutions Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Michael Cammarata2022

President

  1. Michael Cammarata2022

Chief financial officer

  1. Randy Weaver2022
  2. Raymond Silcock2022
2025
Board members and other officers (11)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerMorry Brown named Jul 27, 202224
  • DirectorMichael De Geus named Jul 27, 202224

Former names

  • Neptune Technologies & Bioressources Inc.Jun 8, 2007 to Sep 20, 20183

Timeline

  1. May 6, 20248-K Executive or director change25
  2. Apr 12, 20248-K Entered a material agreement; Completed an acquisition or sale26
  3. Mar 27, 20248-K Debt or obligation accelerated; Executive or director change27
  4. Mar 12, 20248-K Executive or director change; Other events28
  5. Mar 6, 20248-K Listing notice or transfer; Regulation FD disclosure29
  6. Feb 27, 20248-K Executive or director change; Other events30
  7. Feb 20, 20248-K Results of operations31
  8. Dec 5, 20238-K Listing notice or transfer32
  9. Nov 24, 20238-K Entered a material agreement; New debt or obligation33
  10. Nov 15, 20238-K Results of operations34
  11. Nov 13, 20238-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure35
  12. Sep 27, 20238-K Entered a material agreement; Regulation FD disclosure36
  13. May 5, 2022New chief executive Michael Cammarata becomes CEO11

Calendar

When it reported results

  1. Feb 20, 2024Reported quarterly or annual results31
  2. Nov 15, 2023Reported quarterly or annual results34
  3. Aug 22, 2023Reported quarterly or annual results37
  4. Jul 18, 2023Reported quarterly or annual results38
  5. Apr 3, 2023Reported quarterly or annual results39
  6. Dec 21, 2022Reported quarterly or annual results40
  7. Aug 16, 2022Reported quarterly or annual results41

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

176 filings to the SEC since October 2021: 4 annual reports, 8 quarterly reports, 47 major events, 29 insider forms, 11 large holders, 1 private raises, 76 other. The latest 20:

  1. May 6, 20248-K EDGAR
  2. Apr 30, 20244 PRIMARY DOCUMENT EDGAR
  3. Apr 12, 20248-K EDGAR
  4. Mar 27, 20248-K EDGAR
  5. Mar 12, 20248-K EDGAR
  6. Mar 6, 20244 PRIMARY DOCUMENT EDGAR
  7. Mar 6, 20248-K EDGAR
  8. Feb 27, 20248-K EDGAR
  9. Feb 20, 20248-K EDGAR
  10. Feb 16, 202410-Q EDGAR
  11. Feb 15, 2024NT 10-Q EDGAR
  12. Feb 12, 2024SC 13G/A EDGAR
  13. Jan 2, 2024SC 13G/A NEPT 14GA 1.02.24 EDGAR
  14. Dec 5, 20238-K EDGAR
  15. Nov 30, 20234 PRIMARY DOCUMENT EDGAR
  16. Nov 27, 20234 PRIMARY DOCUMENT EDGAR
  17. Nov 24, 20238-K EDGAR
  18. Nov 21, 20234 PRIMARY DOCUMENT EDGAR
  19. Nov 15, 20238-K EDGAR
  20. Nov 14, 202310-Q EDGAR

The 176 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

19 open-market trades by officers, directors and large owners since October 2021: 0 buys and 19 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 26, 2024Neptune Securities Settlement Fund10% ownerSale150,000$0.05$7.5KForm 4
Apr 25, 2024Neptune Securities Settlement Fund10% ownerSale100,000$0.07$7.0KForm 4
Apr 24, 2024Neptune Securities Settlement Fund10% ownerSale100,300$0.07$7.0KForm 4
Mar 5, 2024Neptune Securities Settlement Fund10% ownerSale1,995$0.41$818Form 4
Mar 4, 2024Neptune Securities Settlement Fund10% ownerSale15,000$0.40$6.0KForm 4
Mar 1, 2024Neptune Securities Settlement Fund10% ownerSale64,819$0.44$28.5KForm 4
Nov 30, 2023Neptune Securities Settlement Fund10% ownerSale201,873$0.77$155.4KForm 4
Nov 29, 2023Neptune Securities Settlement Fund10% ownerSale16,602$0.71$11.8KForm 4
Nov 28, 2023Neptune Securities Settlement Fund10% ownerSale29,129$0.70$20.4KForm 4
Nov 22, 2023Neptune Securities Settlement Fund10% ownerSale3,938$0.73$2.9KForm 4
Nov 21, 2023Neptune Securities Settlement Fund10% ownerSale98,531$0.77$75.9KForm 4
Nov 20, 2023Neptune Securities Settlement Fund10% ownerSale215,838$0.88$189.9KForm 4
Nov 14, 2023Neptune Securities Settlement Fund10% ownerSale32$0.70$22Form 4
Nov 13, 2023Neptune Securities Settlement Fund10% ownerSale613$0.70$429Form 4
Nov 10, 2023Neptune Securities Settlement Fund10% ownerSale929$0.70$650Form 4
Nov 8, 2023Neptune Securities Settlement Fund10% ownerSale28,079$0.71$19.9KForm 4
Oct 27, 2023Neptune Securities Settlement Fund10% ownerSale74,000$0.81$59.9KForm 4
Oct 23, 2023Neptune Securities Settlement Fund10% ownerSale6,988$0.80$5.6KForm 4
Oct 17, 2023Neptune Securities Settlement Fund10% ownerSale63,000$1.09$68.7KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jul 13, 2022Raised $3.6 million in a private offering of equity Form D: 1 investor so far Form D

SEC filer profile

How Neptune Wellness Solutions Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNeptune Wellness Solutions Inc.1
  • CIK0001401395
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inQuebec, Canada1
  • Fiscal year endsMarch 311
  • Industry code (SIC)2834 Pharmaceutical Preparations1
  • SEC reviewing officeOffice of Life Sciences, Division of Corporation Finance1
  • Business address545 Promenade Du Centropolis, Suite 100, Laval, A8 H7T 0A31
  • Phone(450) 687-22621
  • Shares outstanding4,532,038 as of Feb 14, 20244
  • Public float$3.6M as of Jul 14, 20232
  • On EDGAR sinceJun 8, 20071
  • Filings799 in all: 6-K (544), 8-K (45), SC 13G/A (26), CORRESP (16), 4 (15), 3 (14), UPLOAD (14), 40-F (13)1
    All 49 form types

    SC 13G (9), SUPPL (9), EFFECT (8), 10-Q (6), F-X (6), D (5), SC 13D (5), SC 13D/A (5), F-10 (4), NT 10-Q (4), S-1/A (4), 40-F/A (3), 424B5 (3), S-1 (3), S-8 (3), 10-K (2), 10-K/A (2), 10-Q/A (2), 20-F (2), 20-F/A (2), 424B4 (2), 8-K/A (2), F-10/A (2), NT 10-K (2), 25-NSE (1), 4/A (1), 40FR12B (1), 40FR12B/A (1), 6-K/A (1), CB (1), CERTNAS (1), CT ORDER (1), DEF 14A (1), DEFA14A (1), F-3 (1), FWP (1), NT 10-K/A (1), POS AM (1), PRE 14A (1), RW (1), S-3 (1)

  • Latest filingsAnnual report (10-K) Jul 17, 2023
    Quarterly report (10-Q) Feb 16, 2024
    Proxy statement (DEF 14A) Aug 19, 2022
    Latest 8-K (8-K) May 6, 2024

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48