Cyanotech Corp (OTCPK:CYAN)

Q2 2026 Cyanotech Corp Earnings Call Transcript

Nov 11, 2025 / 01:00PM GMT

Release Date Price: $0.39 (+1.30%)

Transcript 10-Q

Key Points

Positve

Total revenue increased nearly 20% year-over-year, driven by higher bulk sales and strong performance in online channels.
Gross margin improved significantly to 34.3% from 25.3% in the same quarter last year, reflecting better production efficiency.
Price increases for Nutrex-branded products contributed to margin expansion.
Operating income turned positive at $190,000 compared to an operating loss of $975,000 in the prior year.
Net income improved to $1,000 from a net loss of $1.2 million in the same period of the prior year.

Negative

Tariffs impacted the competitiveness of contract extraction services.
Cash decreased to $649,000 from $780,000 in the prior year.
Working capital dropped significantly to $39,000 from $550,000 in the prior year.
Despite revenue growth, net income remained minimal at $1,000.
The company did not receive any questions during the earnings call, indicating potential lack of investor engagement.

Matthew Custer

Cyanotech Corp - President, Chief Executive Officer, Director

Aloha from Kona, Hawaii. Thank you for joining us today to report Cyanotech's second-quarter fiscal year 2026 earnings results. I am Matt Custer, President and Chief Executive Officer of Cyanotech. Joining me on the call today is Jennifer Miyashiro, our Chief Financial Officer. I will turn the call over to Jennifer to provide our forward-looking statement.

Jennifer Miyashiro

Cyanotech Corp - Chief Financial Officer, Vice President of Finance and Administration, Treasurer

Thanks, Matt. Our discussion today may include forward-looking statements. We do not undertake any obligation to update forward-looking statements either as a result of new information, future events or otherwise. Our actual results may differ materially from what is described in these forward-looking statements. Some of the factors that may cause results to differ are listed in our publicly filed documents.

For additional information, we encourage you to review our 10-Q and fiscal year 2025 report filed

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