Neighbourly Pharmacy Records $306.5 Million In Revenue, $90.5 Million Net Loss for FY 2021

Neighbourly Pharmacy Inc. (TSX: NBLY) announced today its financial results for the fiscal year that ended March 27, 2021, recording $306.5 million in revenue. This is an increase from last year’s revenue of $186.6 million.

The financials recorded gross margin for the year at 37.4%, a decline from the previous year’s 38.7%. The company relayed that the temporary increase in same-store sales in 2020 was countered by the decreasing trend in sales following the implementation of pandemic measures and prescription drug shortages.

Neighbourly Pharmacy posted a net loss of $90.5 million for the year, compared to last year’s net loss of $23.3 million. The annual net loss translates to a $19.88 loss per share. 

Looking at the financials, the majority of the loss can be attributed to the changes in the fair value of the company’s financial liabilities. With this in mind, the firm’s adjusted EBITDA for the year was $35.1 million, a climb from last year’s $21.2 million.

The company ended the fiscal year with $46.0 million in cash, up from last year’s $4.0 million.

Neighbourly Pharmacy Inc. last traded at $26.20 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Euro Sun: Rovina Copper-Gold Project Secures Some Major Funding

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Neighbourly Pharmacy Receives Go-Private Offer At $20.50 Per Share

Two and a half years after going public following a $175 million financing, Neighbourly Pharmacy...

Tuesday, October 3, 2023, 08:54:58 AM

Neighbourly Pharmacy Announces $130 Bought Deal, Of Which $100 Million Is A Secondary Offering

Neighbourly Pharmacy (TSX: NBLY) is evidently looking to provide its early investors with a way...

Friday, October 8, 2021, 08:50:25 AM

Neighbourly Pharmacy To Acquire 20 Alberta Pharmacies For $41.0 Million

Neighbourly Pharmacy Inc. (TSX: NBLY) announced this morning that it has entered into a binding...

Thursday, October 7, 2021, 11:31:00 AM