Acasti announced earnings results for the third quarter ended November 30, 2015. For the quarter, the company announced adjusted LBITDA of $2.0 million and a net loss of $1.6 million. In the corresponding prior year quarter ending November 30, 2014, the company recorded $2.1 million of adjusted LBITDA and net income of $3.6 million.

The net income recorded by Acasti in the prior year is due to the variation in the fair value of the company's derivative warrant liability.