Cyanotech Corp (CYAN) Reports Q1 Loss of $0.02/Share

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Go back to Cyanotech Corp (CYAN) Reports Q1 Loss of $0.02/Share

Cyanotech Reports Financial Results for the First Quarter of Fiscal Year 2016

August 7, 2015 8:00 AM EDT

KAILUA KONA, Hawaii--(BUSINESS WIRE)-- Cyanotech Corporation (Nasdaq Capital Market: CYAN), a world leader in microalgae-based, high-value nutrition and health products, today announced financial results for the first quarter of fiscal year 2016, ended June 30, 2015.

First Quarter 2016For the first quarter of fiscal 2016 compared to the first quarter of fiscal 2015, net sales were $7,594,000 compared to $7,624,000. Gross profit was $2,924,000, with gross profit margin of 39%, compared to gross profit of $3,059,000 and gross profit margin of 40%. Operating loss was ($195,000) compared to an operating loss of ($1,048,000). Net loss was ($105,000) or ($0.02) per diluted share, compared to a net loss of ($381,000)... More