Cyanotech Corp. , whose stock fell yesterday to an all-time low of 87 cents, said after the market closed that its fiscal 2008 first-quarter loss slightly widened following a year of filing delays due to an internal accounting probe that resulted in three years of restated earnings.

KAILUA KONA, Hawaii—-Cyanotech Corporation , a world leader in producing high-value nutrition and health products from microalgae, today announced financial results for the first quarter of fiscal 2008, ended June 30, 2007.