CYANOTECH ANNOUNCES FIRST-QUARTER RESULTS
CYANOTECH ANNOUNCES FIRST-QUARTER RESULTS KAILUA-KONA, Hawaii, May 4 /PRNewswire/ -- Cyanotech Corp.
(NASDAQ: CYAN) today announced its first-quarter 1992 results. For the three months ending March 31, 1992, the company reported total revenue of $517,000 and a net loss of $53,000, or 1 cent per share. This compares to total revenue of $416,000 and a net loss of $148,000, or 3 cents per share, for the same period in 1991.
"The company's improved performance is the result of continued strong worldwide demand for our bulk Spirulina products," said company President and Chief Executive Officer Dr. Gerald Cysewski. "During the first quarter, we developed five new Spirulina-based nutritional products in conjunction with our national marketing company, Mic-Ellen Associates Inc. We introduced these new products at the Natural Products Expo West, a major health-food trade show held in Anaheim, Calif., in April," Cysewski went on to say. "The initial response to these new products has been very favorable and we expect significant sales of them in the coming months." The new consumer products, developed and manufactured by the company's Nutrex subsidiary, include Hawaiian Energizer(TM), a unique blend of Spirulina Pacifica, Siberian Ginseng and bee pollen; Cell Defender(TM), an anti-oxidant formulation containing Spirulina, natural Beta Carotene, Vitamin C and Vitamin E; Super Digestzyme(TM), a green papaya tablet taken as a source of papain digestive enzyme; and Spirulina Pacifica(TM) with Papaya, a blend of Hawaiian Spirulina and green papaya. In addition to Spirulina tablets, the company now offers Spirulina Pacifica in gelatine capsules and as bottled powder. Cyanotech Corp. is a leading manufacturer of marine products for worldwide nutritional and pharmaceutical markets based on proprietary production and processing systems. -0- 5/4/92 /CONTACT: Gerald R. Cysewski or Ronald P. Scott of Cyanotech, 808-326-1353/ (CYAN) CO: Cyanotech Corp. ST: Hawaii IN: SU: ERN
TS-SC -- SE001 -- 5868 05/04/92 09:11 EDT
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|Date:||May 4, 1992|
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