Cyanotech Corporation Reports Fourth Quarter and Fiscal Year-End 2005 Financial Results; Company Reports Net Income of $486,000 for the Fiscal Year Ended March 31, 2005.

Business WireMay 16, 2005

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Cyanotech Corporation Reports Fourth Quarter and Fiscal Year-End 2005 Financial Results; Company Reports Net Income of $486,000 for the Fiscal Year Ended March 31, 2005.

KAILUA KONA, Hawaii -- Cyanotech Corporation (Nasdaq:CYAN), a world leader in producing high-value natural products from microalgae, today announced financial results for the fourth quarter and fiscal year ended March 31, 2005.

Financial Results -- Fiscal 2005

For the 12 months ended March 31, 2005 (Fiscal 2005), the Company reported net income of $486,000, or $0.02 per diluted share, a net income increase of 22% from the $399,000, and $0.02 per diluted share reported a year ago. Despite the impact of weather on our Japan operations this past year the ...

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