Kailua-Kona-based Cyanotech Corporation (NASDAQ: CYAN), a leader in microalgae-based nutrition and health products, reported a net sales increase of 13% in its financial results for the first quarter of fiscal year 2020 that ended June 30.
Cyanotech reported net sales of more than $8 million for the first quarter of fiscal 2020 compared to $7.1 million year over year in 2019.
According to Brian Orlopp, Cyanotech's CFO and VP of Finance, the net sales increase of 13% year-over-year was largely…
