AllPennyStocks.com News: Shares of Cyanotech Up over 25% on Impressive First Quarter Results

Mississauga, ON -- (SBWIRE) -- 08/10/2017 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Shares Of Cyanotech Up Over 25% On Impressive First Quarter Results."

Companies mentioned in this article include Cyanotech Corp. (Nasdaq:CYAN).

Article Excerpt:

Shares of Cyanotech Corp. (Nasdaq:CYAN) are surging in today's trade as the company announced financial results for the first quarter of fiscal year 2018, ended June 30, 2017.

For the first quarter of fiscal 2018 compared to the first quarter of fiscal 2017, net sales were $8,809,000 compared to $7,322,000, an increase of 20.3%. Gross profit was $3,603,000, with gross profit margin of 40.9%, compared to gross profit of $2,821,000 and gross profit margin of 38.5%. Operating income was $620,000 compared to operating loss of ($610,000). Net income was $501,000 or $0.09 per diluted share, compared to net loss of ($691,000) or ($0.12) per diluted share.

The full version of this article can be found at:
http://www.allpennystocks.com/aps_us/special-reports/798/shares-of-cyanotech-up-over-25-on-impressive-first-quarter-results.htm

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Peter Szafranski -- President
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