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