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Stock impact report

Cyanotech Reports Financial Results for the Third Quarter of Fiscal Year 2018

Cyanotech Corporation (CYAN) 
US:NASDAQ Investor Relations: ruscom.com/cyan/investors/investors.html
Company Research Source: Business Wire
— Sales up 20%; EPS $0.19 vs. ($0.06) — 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 2018, ended December 31, 2017. Third Quarter 2018 For the third quarter of fiscal 2018 compared to the third quarter of fiscal 2017, net sales were $9,150,000 compared to $7,605,000. Gross profit was $4,240,000, with gross profit margin of 46.3%, compared to gross profit of $2,857,000 and gross profit margin of 37.6%. Operating income was $1,110,000 compared to an operating loss of ($173,000). Net income was $1,107,000 or $0.19 per diluted share, compared to net loss of ($349,000) or ($0.06) per diluted share. Commenting on the third quarter results (changes shown vs. third quarter of Show less Read more
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