Cyanotech Corporation, a world leader in microalgae-based, high-value nutrition and health products, today announced financial results for the fourth quarter and fiscal Year 2015, ended March 31, 2015.
The results shows Rise in revenues by %20 to 33.809 Million and EPS improved to $0.00 from -$0.08 YoY.
Fiscal Year 2015
For fiscal 2015 compared to fiscal 2014, net sales were $33,809,000 compared to $28,178,000, an increase of 20%. Gross profit was $14,466,000, with gross profit margin of 43%, compared to gross profit of $11,189,000 and gross profit margin of 40%. Operating income for the year was $322,000 compared to an operating loss of $210,000 for fiscal 2014. The Company recognized a net loss for the year of $24,000 or $0.00 per diluted share, compared to a net loss of $420,000 or ($0.08) per diluted share.
Fourth Quarter 2015
For the fourth quarter of fiscal 2015 compared to the fourth quarter of fiscal 2014, net sales were $8,549,000 compared to $7,019,000, an increase of 22%. Gross profit was $2,674,000, with gross profit margin of 31%, compared to gross profit of $2,466,000 and gross profit margin of 35%. Operating loss for the quarter was ($53,000) compared to an Operating loss of ($797,000) for the same quarter last year. Net loss was ($171,000) or ($0.03) per diluted share, compared to a net loss of ($520,000) or ($0.09) per diluted share.
View the full earnings release here.