cyanotech corp (CYAN) Key Developments
Cyanotech Corp. Appoints Walter B. Menzel as Director
Sep 2 14
Cyanotech Corp. announced at the AGM held on August 28, 2014, the shareholders appointed Walter B. Menzel as director.
Cyanotech Corporation Appoints Gerry Watts as Chief Operations Officer
Aug 18 14
Cyanotech Corporation has named Gerard "Gerry" Watts to fill a newly-created position as Chief Operations Officer, effective August 18, 2014. Mr. Watts comes to the company with more than 30 years' experience as a senior operations executive in the Food and Agribusiness industry. Most recently he served as Principal Consultant, International Agribusiness for ProducePro Consultancy, where he advised and guided domestic and international firms with regard to fundamental and strategic issues associated with the global produce business.
Cyanotech Corp. Reports Unaudited Consolidated Earnings Results for First Quarter Ended June 30, 2014
Aug 14 14
Cyanotech Corp. reported unaudited consolidated earnings results for first quarter ended June 30, 2014. For the quarter, the company reported net sales of $7,442,000 against $6,909,000 a year ago. Loss from operations was $1,139,000 against income from operations of $172,000 a year ago. Loss before income tax was $1,164,000 against income before income tax of $136,000 a year ago. Net loss was $413,000 or $0.08 per share basic and diluted against net income of $30,000 or $0.01 per share basic and diluted a year ago.
Cyanotech Corp., Annual General Meeting, Aug 28, 2014
Jul 18 14
Cyanotech Corp., Annual General Meeting, Aug 28, 2014., at 15:00 Hawaiian Standard. Location: Four Seasons Resort Hualalai, 72-100 Ka’upulehu Drive. Agenda: To elect the five directors to serve until the next annual meeting of stockholders and until their successors are duly elected and qualified; to approve the 2014 independent director stock option and restricted stock grant plan, reserving a total of 350,000 authorized shares of the common stock of the company for issuance of options and grants under the 2014 plan; to ratify the selection of Grant Thornton LLP as the company’s independent registered public accounting firm for the fiscal year ending March 31, 2015; and to transact other business as may properly come before the meeting or any adjournment thereof.
Cyanotech Corp. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2014
Jun 27 14
Cyanotech Corp. reported consolidated earnings results for the fourth quarter and full year ended March 31, 2014. For the fourth quarter of fiscal 2014 compared to the fourth quarter of fiscal 2013, net sales were $7,259,000 compared to $6,897,000, an increase of 5%. Net loss was $367,000 or $0.06 diluted loss per share, compared to net income of $2,633,000 or $0.47 per diluted share. Operating loss for the quarter was $689,000 compared to operating income of $597,000 for the same quarter last year.
For fiscal 2014 compared to fiscal 2013, net sales were $28,905,000 compared to $27,581,000, an increase of 5%. The company recognized a net loss for the year of $195,000 or $0.03 diluted loss per share, compared to net income of $4,209,000 or $0.74 per diluted share. Income from operations was $165,000 against $2,299,000 for the same period a year ago. Income before income tax benefit of $47,000 against $2,188,000 for the same period a year ago.