CYAN - Earnings call 3 2024 | Cyanotech Corporation

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Matthew Custer

Aloha from Kona, Hawaii. Thank you all for joining us today. I'm Matt Custer, President and Chief Executive Officer of Cyanotech.

Joining me on the call today is Felicia Ladin, our Chief Financial Officer. I will turn the call over to Felicia to provide our forward-looking statement.

Felicia Ladin

Thanks, Matt.

include may today discussion forward-looking statements. Our not either as do or undertake information, any statements, forward-looking otherwise. update to a events obligation future We result new of

these from results is differ actual materially Our described may in forward-looking statements. what

of differ listed to in cause documents. are filed factors may publicly Some the results that our

the will to for information, report Securities the filed you XX-Q Matt? turn back fiscal Matt review quarter. Commission. I to it additional on For encourage year and comments with and our we XXXX XX-K Exchange and

Matthew Custer

The increasingly starting being many revitalized Spirulina material across of consumers year-to-date the Industry save sourcing these macroeconomic The companies trading international from face lower sales portfolio team. team, the begun bulk have the a sales challenges, Commercial and shows ingredients. In this we market have back down marketing environment led with to driven on to for price-sensitive private and dietary with cost. on a past the they brands August supplements, of are data Officer bulk basis not pulling strengthening by addition the Chief but sales particularly sales. is our lower-priced label

on competitive message quality consumer enhancing advantages. focused on premium our have We our and

and practices location our Hawaii Our microalgae U.S. products. demand and naturally grown and formed from for aligns consumer growing with natural pristine objectives in rising waters sourcing with responsible, sustainable

turn call Felicia third to please? to Felicia, to the like over the I'd Now quarter. discuss

Felicia Ladin

of decrease for decrease $XXX,XXX quarter margin sales as of working and $XXX,XXX the prior was the and $X.XX with for sales XXXX. Operating capital in of quarter share of reflecting profit per fiscal due XX.X% operating or loss production third year diluted compared of a a evening, The call had quarter third which or manufacturing $X.XX the lower Net the were to last $X,XXX,XXX, of margin for for good the for as $XXX,XXX a comments. and and gross of year loss lower was current compared gross or year Matt, $XXX,XXX a share of gross loss quarter result compared Matt demand, Gross Matt cash million volumes concluding costs everyone. is XXXX. I'll with levels. Net of $X,XXX,XXX third to fiscal fiscal mentioned. $XXX,XXX XX, to due than of XXXX profit to loss compared diluted $X.X matching XXXX quarter to a year, year. $X,XXX,XXX the historical third you, March $X,XXX,XXX higher profit of hand per reasons the XX.X% for XXXX the profit $XXX,XXX Thank a of $X,XXX,XXX third compared year was X% fiscal of million, and back to as in and Matt? respectively, to of $X.X company of the net to quarter

Matthew Custer

questions Question trends one, quarter. on inventories. two received We this and please comment

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the intend flyover tell Business as are addressing created on to Centered of sales specific message not Development, -- Head others key whose surroundings. How team farm industries. in unedited around are in cultivated for additions We Sales will to aerial and Hawaii. business-to-business also video Our made paramount. We've here our education any media show, to how and newly the a products approach and process. we consultative more the the grow for products transparency naturally world. outdoors U.S.A., grown with consumer value-added, and the made visually channels strongest our are tailored across competitive and advantages one not our facilities just expertise We of amplify but and other in with needs our customers can products our the pristine to social of drive authenticity Global bulk showcase

benefits, share the a for and the storytelling bar the Finally, e-commerce not media with attending strengthened visual how years and set and our expertise you Aloha. product only our have highlight capabilities build to addition highest we and of of and standard for call. social new whose consumer to around education e-commerce to centered XX natural but of strategy quality also cultivation. Thank we digital microalgae a the manager content leverage user-generated

Cyanotech (CYAN) 10 Feb 242024 Q3 Earnings call transcript