trending Market Intelligence /marketintelligence/en/news-insights/trending/rTi9YYuo61OAnvAU1hcSRA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Cyanotech fiscal Q1 loss narrows YOY

Blog

M&A rebound sparks optimism for near-term deal activity

Blog

Fintech Intelligence Newsletter: February 2021

Blog

Q&A: Navigating Climate Risk as a Financial Risk

Blog

Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain


Cyanotech fiscal Q1 loss narrows YOY

Cyanotech Corp. said its normalized net income for the fiscal first quarter ended June 30 was a loss of $3,130, compared with a loss of $613,750 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to negative 0.0% from negative 8.1% in the year-earlier period.

Total revenue totaled $7.6 million, compared with $7.6 million in the prior-year period, and total operating expenses fell 11.7% on an annual basis to $7.6 million from $8.6 million.

Reported net income totaled a loss of $111,300, or a loss of 2 cents per share, compared to a loss of $384,160, or a loss of 7 cents per share, in the prior-year period.