Hawaii News Cyanotech profit surged in July-September quarter By Andrew Gomes email@example.com Nov. 13, 2021 Mahalo for supporting Honolulu Star-Advertiser. Enjoy this free story! Local nutritional supplement maker Cyanotech Corp. dramatically boosted its most recent quarterly profit by increasing sales and decreasing expenses. Read more Mahalo for reading the Honolulu Star-Advertiser! You're reading a premium story. Read the full story with our Print & Digital Subscription. Subscribe Now Read this story for free: Watch an ad or complete a survey Log In Already a subscriber? Log in now to continue reading this story. Activate Digital Account Print subscriber but without online access? Activate your Digital Account now. Local nutritional supplement maker Cyanotech Corp. dramatically boosted its most recent quarterly profit by increasing sales and decreasing expenses. The Hawaii island-based company that produces products from microalgae grown in ponds reported earning $970,000 in its fiscal second quarter covering the three months ended Sept. 30, up from a $155,000 profit in the same period last year. Cyanotech sales rose 10% to $9.4 million from $8.6 million in the year-over-year period. The revenue gain helped generate the higher profit, as did a drop in expenses that included sales and marketing along with research and development. Company CEO Gerald Cysewski said in a statement that weather conditions during the recent quarter allowed better production compared with past trends. He also said the company has not been immune from global supply-chain disruptions but has been able to minimize such impacts. Shares of Cyanotech stock trading on the Nasdaq Capital Market closed at $3.26 Wednesday shortly after the release of its earnings report. On Friday, Cyanotech shares closed at $3.33. Over the last 52 weeks, shares have closed between $2.54 on Nov. 19 and $4.14 on March 29. Previous Story Semiconductor shortage may stall state auto sales Next Story Kokua Line: How do I get the vaccine exception for my kids when we fly to Hawaii?