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Stock impact report

Cyanotech Reports Financial Results for First Quarter of Fiscal Year 2018

Cyanotech Corporation (CYAN) 
US:NASDAQ Investor Relations: ruscom.com/cyan/investors/investors.html
Company Research Source: Business Wire
— Sales increase 20%, EPS $0.09 vs ($0.12) — 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 first quarter of fiscal year 2018, ended June 30, 2017. First Quarter 2018 For the first quarter of fiscal 2018 compared to the first quarter of fiscal 2017, net sales were $8,809,000 compared to $7,322,000, an increase of 20.3%. Gross profit was $3,603,000, with gross profit margin of 40.9%, compared to gross profit of $2,821,000 and gross profit margin of 38.5%. Operating income was $620,000 compared to operating loss of ($610,000). Net income was $501,000 or $0.09 per diluted share, compared to net loss of ($691,000) or ($0.12) per diluted share. Commenting on the first quarter results (changes shown vs. first quarter of fisca Show less Read more
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