Cyanotech Corporation (Nasdaq Capital Market: CYAN), a world leader in microalgae-based, high-value nutrition and health products, today announced financial results for the second quarter and first six months of fiscal year 2015, ended September 30, 2014.
Second Quarter Fiscal Year 2015
For the second quarter of fiscal 2015 compared to the second quarter of fiscal 2014, net sales were $8,684,000 compared to $7,299,000, an increase of 19%. Gross profit was $4,276,000, with gross profit margin of 49%, compared to gross profit of $2,993,000 and gross profit margin of 41%. Net income was $188,000 or $0.03 per diluted share, compared to net income of $106,000 or $0.02 per diluted share.
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Second Quarter Fiscal Year 2015
For the second quarter of fiscal 2015 compared to the second quarter of fiscal 2014, net sales were $8,684,000 compared to $7,299,000, an increase of 19%. Gross profit was $4,276,000, with gross profit margin of 49%, compared to gross profit of $2,993,000 and gross profit margin of 41%. Net income was $188,000 or $0.03 per diluted share, compared to net income of $106,000 or $0.02 per diluted share.
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