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Cyanotech Corp. Message Board

  • alexalekhine alexalekhine Jun 25, 2013 12:31 PM Flag

    Solazyme Article in NYT

    Solazyme, which hopes to make fuel from Algae, has disbanded another one of its joint ventures designed to create food products from algae.

    The article in in today's NY Times. There isn't enough space to cut&paste the article and Yahoo! won;t let me post the url, so just use a search engine to find it.

    The NY Times has a pay wall limiting you to 10 free articles a month so be really sure this is one of the ones you want to read.

    aa

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    • I just read and I think that news makes cyan a serious takeover candidate, regardless, this isn't an easy business to be in, but cyan has made it a fairly reliable business.

      • 1 Reply to southwalled
      • Reliable is a good word.

        If you go back 5-8 years ago, this company was NOT consistently profitable.
        Indeed, the company reported losses in FY06, FY07, and FY08.

        But starting in 08FQ4 (quarter ended March 2008) CYAN became consistently profitable.

        A GAAP loss was reported in 10FQ4 but that included the cost of severance to the departed CEO Rosenthal as well as the writedown of some fixed assets. Excluding those, CYAN was profitable that quarter.

        So, consistent profitability has become a VERY important hallmark of the company and one that marks a new era in its history, in my opinion.

        Good point, SW

        aa

 
CYAN
4.80+0.16(+3.45%)Aug 29 3:24 PMEDT

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