Last $4.78 USD
Change Today +0.18 / 3.91%
Volume 9.3K
CYAN On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 07/9/14 All times are local (Market data is delayed by at least 15 minutes).

cyanotech corp (CYAN) Snapshot

Open
$4.61
Previous Close
$4.60
Day High
$4.79
Day Low
$4.61
52 Week High
03/5/14 - $6.81
52 Week Low
06/27/14 - $4.41
Market Cap
26.2M
Average Volume 10 Days
13.7K
EPS TTM
$-0.03
Shares Outstanding
5.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CYANOTECH CORP (CYAN)

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cyanotech corp (CYAN) Details

Cyanotech Corporation is engaged in the cultivation, production, and sale of natural products derived from microalgae worldwide. The company’s products include Hawaiian Spirulina Pacifica, a nutrient-rich dietary supplement that is used for extra energy, a strengthened immune system, cardiovascular benefits, and as a source of antioxidant carotenoids; and Hawaiian BioAstin natural astaxanthin, a dietary antioxidant, which is used as a human nutraceutical and functional food ingredient to support and maintain the body’s natural inflammatory response, enhance skin, and support eye and joint health. Cyanotech Corporation sells its products in bulk quantities to manufacturers, formulators, and distributors in the health foods and nutritional supplements markets; and as packaged consumer products to distributors, retailers, and direct consumers. The company sells its products online and through resellers. Cyanotech Corporation was founded in 1983 and is headquartered in Kailua-Kona, Hawaii.

94 Employees
Last Reported Date: 06/27/14
Founded in 1983

cyanotech corp (CYAN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $313.8K
Co-Founder, Chief Scientific Officer, Executi...
Total Annual Compensation: $166.9K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $201.5K
Vice President of Sales & Marketing
Total Annual Compensation: $211.1K
Compensation as of Fiscal Year 2013.

cyanotech corp (CYAN) Key Developments

Cyanotech Corp. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2014

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.

Cyanotech Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Month Ended December 31, 2013

Cyanotech Corporation reported unaudited consolidated earnings results for the third quarter and nine month ended December 31, 2013. For the third quarter of fiscal 2014 compared to the third quarter of fiscal 2013, net sales were $7,438,000 compared to $7,242,000, an increase of 2.7%. Pretax income was $293,000 compared to $619,000 last year. Income from operations was $322,000 against $633,000 last year. Net income was $36,000 or $0.01 per basic and diluted share, compared to net income of $607,000 or $0.11 per basic and diluted share last year. Operating income for the third quarter was below a year ago due to insufficient Astaxanthin production to meet demand, planned costs associated with people and infrastructure investments that are driving the strong top line growth the company continues to see in consumer business as well as an increase in legal costs. Total company net sales growth was a modest 3% due to the company's inability to meet Astaxanthin demand. For the first nine months of fiscal 2014 compared to the first nine months of fiscal 2013, net sales were $21,646,000 compared to $20,684,000, an increase of 4.7%. Pretax income was $764,000 compared to $1,608,000 last year. Net income was $172,000 or $0.03 per basic and diluted share, compared to net income of $1,576,000 or $0.28 per diluted share last year. Income from operations was $854,000 against $1,702,000 last year.

Cyanotech Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2013

Cyanotech Corp. reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2013. For the quarter, the company's net sales were $7,299,000 compared to $6,936,000 a year ago. Income from operations was $360,000 compared to $554,000 a year ago. Operating income for the second quarter was below year ago due to the planned cost of the West Coast test market and the infomercial production as well as the costs associated with the people and infrastructure investments that were begun in fiscal 2013 and which are driving the strong top line growth the company continue to see in its consumer business. Income before provision for income taxes was $335,000 compared to $486,000 a year ago. Net income was $106,000 or $0.02 per diluted share compared to $476,000 or $0.08 per diluted share a year ago. For the six months, the company's net sales were $14,208,000 compared to $13,442,000 a year ago. Income from operations was $533,000 compared to $1,069,000 a year ago. Income before provision for income taxes was $471,000 compared to $989,000 a year ago. Net income was $136,000 or $0.02 per diluted share compared to $969,000 or $0.17 per diluted share a year ago.

 

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