v3.25.3

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Net sales	$ 6,976	$ 5,845	$ 12,797	$ 11,743
Cost of sales	4,583	4,366	8,631	8,787
Gross profit	2,393	1,479	4,166	2,956
Operating expenses:
General and administrative	996	1,244	2,296	2,513
Sales and marketing	1,129	1,073	2,282	2,238
Research and development	78	137	152	221
Total operating expenses	2,203	2,454	4,730	4,972
Income (Loss) from operations	190	(975)	(564)	(2,016)
Interest expense, net	(189)	(175)	(361)	(336)
Income (Loss) before income taxes	1	(1,150)	(925)	(2,352)
Tax expense	0	0	0	0
Net Income (Loss)	$ 1	$ (1,150)	$ (925)	$ (2,352)
Net Income (loss) per share:
Basic (in dollars per share)	$ 0	$ (0.16)	$ (0.13)	$ (0.34)
Diluted (in dollars per share)	$ 0	$ (0.16)	$ (0.13)	$ (0.34)
Shares used in calculation of net income (loss) per share:
Basic (in shares)	7,293	7,004	7,252	6,976
Diluted (in shares)	7,293	7,004	7,252	6,976

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-11

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-6

CYANOTECH CORP 10-Q