Cyanotech Corporation reports 19% increase in second quarter sales

Reuters11-10
Cyanotech Corporation reports 19% increase in second quarter sales

Cyanotech Corporation reported net sales of $7.0 million for the second quarter of fiscal 2026, a 19.3% increase from $5.8 million in the same period of fiscal 2025. Gross profit was $2.4 million, with a gross profit margin of 34.3%, compared to $1.5 million and a 25.3% margin in the prior year. The company reported operating income of $0.2 million, reversing an operating loss of $1.0 million in the previous year. Net income for the quarter was $1,000, or $0.00 per diluted share, compared to a net loss of $1.2 million, or $0.16 per diluted share, in the same period last year. Sales growth was driven by higher bulk sales and strong performance in online channels, with increased production volumes and price adjustments for Nutrex-brand products contributing to improved gross margin.

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