Cyanotech Corp

Aloha from Kona, Hawaii. Thank you for joining us today to report Cyanotech's third quarter fiscal year 2025 earnings results. I am Matt Custer, President and Chief Executive Officer of Cyanotech. Joining me on the call today is Jennifer Rogerson, our Chief Financial Officer. I will turn the call over to Jennifer to provide her forward-looking statement.

Thanks, Matt. Our discussion today may include forward-looking statements. We do not undertake any obligation to update forward-looking statements either as a result of new information, future events, or otherwise. Our actual results may differ materially from what is described in these forward-looking statements. Some of the factors that may cause results to differ are listed in the publicly filed documents. For additional information, we encourage you to review our 10Q and fiscal year 2024 10K report filed with the Securities and Exchange Commission. I will turn it back to Matt for comments on the quarter. Matt?

I'm pleased by our continued progress in the third quarter with a 10.6% increase in net sales, building on the momentum that we established in the first half of the fiscal year. As we noted last quarter, our focus on inventory management and strategic restocking has allowed us to meet demand more effectively. The increase in our gross profit to 35.3% reflects the positive results of those efforts. While bulk sales are helping drive growth, addressing the slower growth of package sales remains a priority. We've reduced our operating losses compared to last year. However, we remain focused on navigating these challenges and proceeding cautiously as we enter the next quarter. Turning over to Jennifer to discuss the financial results. Jennifer.