Cyanotech Q1 EPS $(0.22) Down From $(0.08) YoY, Sales $5.15M Down From $6.72M YoY
Portfolio Pulse from Benzinga Newsdesk
Cyanotech (NASDAQ:CYAN) reported Q1 losses of $(0.22) per share, a 175% decrease YoY. Sales also decreased by 23.38% to $5.15 million compared to $6.72 million in the same period last year.
August 11, 2023 | 12:12 pm
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NEGATIVE IMPACT
Cyanotech reported a significant YoY decrease in both earnings per share and sales for Q1. This could negatively impact the company's stock price in the short term.
Cyanotech's Q1 report shows a significant decrease in both earnings per share and sales compared to the same period last year. This indicates a poor financial performance, which could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100