Cyanotech Reports Financial Results for the Third Quarter and First Nine Months of Fiscal 2020
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 third quarter and first nine months of fiscal year 2020, ended December 31, 2019.Third Quarter Fiscal 2020Cyanotech reported net sales of $7,504,000 for the third quarter of fiscal 2020 compared to $10,044,000 for the third quarter of fiscal 2019. Gross profit was $2,877,000, with gross profit margin of 38.3%, compared to gross profit of $4,116,000 and gross profit margin of 41.0%. Operating income was $367,000 compared to $495,000. Net income was $171,000 or $0.03 per diluted share, compared to net income of $288,000 or $0.05 per diluted share.Commenting on the third quarter fiscal 2020 results (changes shown vs. the third quarter of fiscal 2019), Cyanotech’s Chief Executive Officer, Gerald R. Cysewski, Ph.D., said:“Though our sales for the third quarter are below last year’s un
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- 11/12/24 - Form 10-Q
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- CYAN's page on the SEC website