Cyanotech Q4 EPS $(0.23) Down From $0.04 YoY, Sales $5.39M Down From $8.13M YoY
Portfolio Pulse from Benzinga Newsdesk
Cyanotech (NASDAQ:CYAN) reported Q4 losses of $(0.23) per share, a 675% decrease from the same period last year. Sales also decreased by 33.67% to $5.39 million from $8.13 million YoY.
June 27, 2023 | 9:05 pm
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NEGATIVE IMPACT
Cyanotech reported a significant decrease in Q4 earnings and sales compared to the same period last year.
Cyanotech's reported Q4 losses and a decrease in sales indicate a negative financial performance. This could potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100