Cyanotech reports financial results for the Fourth Quarter and Fiscal Year 2013

June 27, 2013 |

In Hawaii, Cyanotech Corporation announced financial results for the fourth quarter and fiscal year 2013, ended March 31, 2013. For Q4 2013, gross profit was $2,708,000, with gross profit margin of 39%, compared to gross profit of $2,053,000 and gross profit margin of 34%. Net income was $2,633,000 or $0.47 per diluted share, compared to net income of $1,158,000 or $0.20 per diluted share. For the year, Cyanotech reports a net income of $4.2 million, compared to $3.6 million for FY2012. Cyanotech is involved in microalgae-based, high-value nutrition and health products.

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