Cyanotech Reports Financial Results for the Fourth Quarter and Fiscal Year 2019
CYANOTECH CORP (CYAN)
US:NASDAQ Investor Relations:
ruscom.com/cyan/investors/investors.html
Company Research
Source: Business Wire
KAILUA KONA, Hawaii--(BUSINESS WIRE)--Cyanotech Corporation (Nasdaq Capital Market: CYAN), a world leader in microalgae-based, high-value nutrition and health products, announced financial results for the fourth quarter and fiscal year 2019, ended March 31, 2019.Fiscal Year 2019Cyanotech reported net sales of $30,202,000 for fiscal 2019 compared to $34,115,000 in fiscal 2018. Gross profit was $10,466,000, with gross profit margin of 34.7%, compared to gross profit of $13,371,000 and gross profit margin of 39.2%. Operating loss was ($2,997,000) compared to operating income of $1,414,000. Net loss was ($3,596,000) or ($0.62) per diluted share, compared to net income of $1,025,000 or $0.18 per diluted share.Commenting on the fiscal year results (changes shown vs. fiscal 2018), Cyanotech’s Chief Executive Officer, Gerald R. Cysewski, Ph.D., said:“The net loss this year was due substantially from forced water conservation efforts causing re-inoculation of our spirulina ponds, and error
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Sec Filings
- 11/12/24 - Form 10-Q
- 10/3/24 - Form SC
- 10/3/24 - Form 4
- CYAN's page on the SEC website