Cyanotech
This article was originally published in The Tan Sheet
Executive Summary
Natural Products marketer records sales of $3.0 mil. for the company's fiscal 2004 third quarter ended Dec. 31, an 22% increase over the prior-year period's sales, Cyanotech announced early this month. Gross profit margin for the third quarter was 39%, a 10% increase compared to third quarter of 2002, resulting from heightened bulk sales of the natural astaxanthin products NatuRose and BioAstin. Though sales of Spirulina Pacifica remained relatively flat, the company succeeded in increasing production of the microalgae...