Cyanotech Corporation (NASDAQ: CYAN) Reports 1.4% YoY Growth In Net Sales In FY 2021

July 16, 2021

Cyanotech Corporation (NASDAQ: CYAN) has announced Q4 2021  and FY 2021 financial results in which the company reported net sales of $32.345 million, which is a 1.4% YoY increase.  Cyanotech generated a net income of $0.15 per share in FY 2021 For fiscal 2021 the company posted a gross profit of $11.117 million and a profit margin of 34.4%. Higher spirulina cost per kilo, which was due to low production…