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The Honolulu Advertiser

Posted at 2:15 p.m., Tuesday, May 8, 2001

Cyanotech losses triple

Cyanotech Corp., a Big Island producer of products from microalgae, said its loss expanded nearly threefold in the three months ended March 31.

Cyanotech reported a net loss of $683,000, or $0.04 per share, for the three months, compared with $161,000, $0.02 per share, a year ago. Cyanotech shares fell $0.17 to $1.00.

Net sales were $1.76 million for the period, compared with $2.27 million in 2000.