Cyanotech See Huge Increases In Sales
- Cyanotech of the USA said fourth-quarter sales almost doubled from $1.2 million in 1995 to $2.1 million in 1996. Net income rose 193% to $2.5 million, and earnings per share increased from $0.02 to $0.05, a rise of 150%. For fiscal 1996, sales improved by 95%, from $4.2 million to $8.1 million, with a 226% increase in net income, from $0.88 million in 1995 to $2.5 million. It earned $0.17 per share in comparison to $0.05 per share in fiscal 1995.
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