Stocks in play: Neighbourly Pharmacy Inc

Baystreet.ca

June 24, 2021 at 11:31 a.m.·1 min read

Announced its financial results for the fiscal year and twelve-week period ended March 27, 2021. Revenue for the fourth quarter 2021 increased by 57.8% to $83.3 million (64.2% to $306.5 million for Fiscal 2021), driven by the addition of 40 pharmacies throughout Fiscal 2021. Adjusted EBITDA 1 for the fourth quarter 2021 increased by 114.8% to $9.0 million (65.7% to $35.1 million for Fiscal 2021), primarily due to the incremental profitability of acquired pharmacies. Net Income for the fourth quarter 2021 increased by 467.7% to $30.3 million . Net loss for Fiscal 2021 was $90.5 million. Neighbourly Pharmacy Inc shares T.NBLY are trading down $0.26 at $25.94.

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