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Neptune reports revenues, losses down
date:May 23, 2014
13. Adjusted EBITDA was negative ($2,711,000) for the current quarter, versus negative ($4,644,000) in the prior year. Net loss was ($1,327,000) for the current quarter, versus a net loss of ($1,147,000) in the prior year.

Neptune's gross profit margin as a percentage of revenues stood at 20% for the quarter ended February 28, 2014, up from 5% in the corresponding prior year quarter and 13% for the fiscal year ended February 28, 2014. The increase is primarily due to product cost reductions fo

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