Cyanotech Corporation

CYAN

CYANCyanotech Corporation US flag

Other OTC

0.44

USD

- -

3.25MMarket Cap

Income Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	17	25	27	28	34	32	32	34	30	32	32	36	23	23	24
+ Sales & Services Revenue	17	25	27	28	34	32	32	34	30	32	32	36	23	23	24
- Cost of Revenue	10	15	17	17	19	20	20	21	20	19	21	22	16	17	17
+ Cost of Goods & Services	10	15	17	17	19	20	20	21	20	19	21	22	16	17	17
Gross Profit	6	10	11	11	14	12	12	13	10	13	11	14	7	6	7
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	5	7	9	11	14	13	13	12	13	12	11	11	10	11	9
+ Selling, General & Admin	5	6	8	11	14	12	12	11	13	11	10	10	9	10	9
+ Research & Development	- -	- -	- -	- -	1	1	1	1	1	1	1	1	1	1	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	1	3	2	- -	- -	-1	-1	1	-3	1	- -	3	-3	-5	-3
- Non-Operating (Income) Loss	- -	- -	- -	- -	- -	- -	1	- -	1	1	-1	- -	1	1	1
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	1	- -	1	1	1	- -	1	1	1
+ Interest Expense	- -	- -	- -	- -	- -	- -	1	- -	1	1	1	- -	1	1	1
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -	- -	- -	- -
Pretax Income	1	3	2	- -	- -	-1	-1	1	-4	- -	1	2	-3	-5	-3
- Income Tax Expense (Benefit)	-1	-1	-2	- -	- -	3	- -	- -	- -	- -	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	2	4	4	- -	- -	-4	-1	1	-4	- -	1	2	-3	-5	-3
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	2	4	4	- -	- -	-4	-1	1	-4	- -	1	2	-3	-5	-3
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	2	4	4	- -	- -	-4	-1	1	-4	- -	1	2	-3	-5	-3
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	2	4	4	- -	- -	-4	-1	1	-4	- -	1	2	-3	-5	-3
EBIT	1	3	2	- -	- -	-1	-1	1	-3	1	- -	3	-3	-5	-3
EBITDA	2	4	3	1	2	1	1	3	-1	3	2	4	-1	-3	-1
EBITDA Margin (%)	11.1	14.84	11.36	3.27	4.63	2.31	4.04	9.65	-3.61	10.29	6.64	12.5	-3.56	-10.88	-2.6
EBITA	1	3	2	- -	- -	-1	-1	1	-3	1	- -	3	-3	-5	-3
Gross Margin (%)	37.68	39.68	39.64	39.71	42.79	37.27	38.15	39.19	34.65	39.81	34.37	37.72	31.32	25.77	28.4
Operating Margin (%)	7.43	12.02	8.27	-0.58	0.95	-2.47	-2.13	4.14	-9.92	3.3	0.26	7.16	-12.6	-19.9	-10.36
Profit Margin (%)	10.28	14.75	15.16	-1.49	-0.07	-13.8	-3.79	3	-11.91	1.21	2.84	5.99	-14.84	-22.83	-13.23
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	1	1	1	1	1	2	2	2	2	2	2	2	2	2	2
Basic Weighted Avg Shares	5	5	5	5	6	6	6	6	6	6	6	6	6	7	7
Basic EPS, GAAP	0.32	0.67	0.76	-0.08	- -	-0.79	-0.21	0.18	-0.62	0.06	0.15	0.35	-0.55	-0.81	-0.45
Basic EPS from Cont Ops	0.32	0.67	0.76	-0.08	- -	-0.79	-0.21	0.18	-0.62	0.06	0.15	0.35	-0.55	-0.81	-0.45
Diluted Weighted Avg Shares	5	6	6	5	6	6	6	6	6	6	6	6	6	7	7
Diluted EPS, GAAP	0.32	0.66	0.74	-0.08	- -	-0.79	-0.21	0.18	-0.62	0.06	0.15	0.35	-0.55	-0.81	-0.45
Diluted EPS from Cont Ops	0.32	0.66	0.74	-0.08	- -	-0.79	-0.21	0.18	-0.62	0.06	0.15	0.35	-0.55	-0.81	-0.45

Balance Sheet (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	8	11	12	13	12	13	12	14	15	15	15	16	13	11	11
+ Cash, Cash Equivalents & STI	2	5	4	4	2	1	1	1	1	2	4	3	1	1	- -
+ Cash & Cash Equivalents	2	5	4	4	2	1	1	1	1	2	4	3	1	1	- -
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	3	2	4	2	3	3	2	3	2	2	2	4	1	2	2
+ Accounts Receivable, Net	3	2	4	2	3	3	2	3	2	2	2	4	1	2	2
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	4	4	4	5	6	8	8	9	11	10	8	9	11	7	8
+ Raw Materials	1	1	1	1	1	1	- -	1	1	1	1	2	2	1	1
+ Work In Process	- -	- -	- -	1	2	4	2	3	4	4	3	3	2	2	1
+ Finished Goods	3	3	2	3	3	4	5	6	7	5	4	5	7	4	5
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	- -	- -	1	1	1	1	1	- -	1	- -	1	- -	- -	1
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	5	8	16	17	19	18	17	16	15	17	16	16	16	15	13
+ Property, Plant & Equip, Net	5	6	9	12	15	18	17	16	15	17	16	16	16	14	13
+ Property, Plant & Equip	14	16	19	23	27	32	33	33	34	38	39	41	43	44	44
- Accumulated Depreciation	10	10	10	11	13	14	16	17	19	21	23	25	27	29	31
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	1	2	8	6	4	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1	2	8	6	4	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Assets	14	19	29	30	31	31	29	30	30	32	31	32	30	25	23
+ Payables & Accruals	2	3	3	4	4	5	5	4	6	3	3	3	2	2	3
+ Accounts Payable	1	2	2	3	3	4	4	4	5	2	2	2	1	1	2
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1	1	1	1	1	1	1	1	1	1	- -	1	1	- -	- -
+ ST Debt	- -	- -	- -	- -	- -	1	1	1	3	3	3	1	6	6	7
+ ST Borrowings	- -	- -	- -	- -	- -	1	1	1	3	3	2	- -	5	6	7
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1	- -	1	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	2	3	3	4	4	6	6	6	9	6	6	5	8	9	10
+ LT Debt	1	- -	5	5	5	7	6	6	5	10	8	8	5	5	4
+ LT Borrowings	1	- -	5	5	5	7	6	6	5	6	5	4	1	1	1
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	4	3	3	4	4	3
+ Other LT Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	1	- -	5	5	5	7	7	6	5	10	8	8	5	5	4
Total Liabilities	3	4	8	9	9	13	13	12	15	16	14	13	13	13	15
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	28	28	29	30	31	32	32	32	33	33	33	34	34	35	35
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	28	28	29	30	31	32	32	32	32	33	33	34	34	35	35
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-17	-13	-9	-9	-9	-14	-15	-14	-18	-17	-16	-14	-18	-23	-26
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	11	15	20	21	21	18	17	18	15	16	17	19	16	12	9
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	11	15	20	21	21	18	17	18	15	16	17	19	16	12	9
Total Liabilities & Equity	14	19	29	30	31	31	29	30	30	32	31	32	30	25	23
Shares Outstanding	5	5	5	5	6	6	6	6	6	6	6	6	6	7	7
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	4	4	4	5	4	4
Net Debt	-1	-4	1	1	3	6	6	6	7	6	3	2	5	6	7
Net Debt to Equity	-11.75	-29	6.02	5.62	14.51	36.06	36.59	31.02	48.83	39.88	19.17	11.48	33.25	50.14	83.17
Tangible Common Equity Ratio	80.17	80.18	70.76	68.56	69.49	57.24	56.95	60.95	50.32	49.85	55.19	60.81	54.99	47.05	37.82
Current Ratio	3.86	3.4	4.23	3.03	2.73	2.07	2.03	2.39	1.54	2.32	2.6	3.37	1.67	1.24	1.03
Cash Conversion Cycle	143.54	90.96	81.41	87.83	78.06	102.37	104.72	115.09	145.7	149.3	140.84	140.44	234.62	186.49	152.05

Cash Flow Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	2	4	4	- -	- -	-4	-1	1	-4	- -	1	2	-3	-5	-3
+ Depreciation & Amortization	1	1	1	1	1	2	2	2	2	2	2	2	2	2	2
+ Non-Cash Items	- -	- -	-1	1	1	4	- -	1	- -	1	-1	- -	- -	- -	- -
+ Stock-Based Compensation	- -	- -	1	1	1	1	- -	- -	- -	1	- -	- -	- -	- -	- -
+ Deferred Income Taxes	-1	-1	-2	- -	- -	3	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -	- -	- -	- -
+ Chg in Non-Cash Work Cap	- -	1	-2	1	-1	-1	- -	-2	- -	-2	- -	-2	-1	2	- -
+ (Inc) Dec in Accts Receiv	-1	- -	-1	1	-1	- -	1	-1	1	- -	- -	-1	2	-1	- -
+ (Inc) Dec in Inventories	- -	- -	- -	-2	- -	-2	- -	-1	-2	2	1	-1	-1	3	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	1	- -	1	- -	1	-1	- -	1	-3	- -	- -	-2	- -	1
+ Inc (Dec) in Other	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	-1	- -	-1	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	2	5	2	2	1	1	1	1	-1	1	2	2	-2	- -	-1
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	-2	-4	-4	-4	-4	-1	-1	- -	- -	-1	-1	-1	- -	- -
+ Acq of Fixed Prod Assets	-1	-2	-4	-4	-4	-4	-1	-1	- -	- -	-1	-1	-1	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	-3	2	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	- -	-2	-7	-2	-3	-4	-1	-1	-1	- -	-1	-1	-1	- -	- -
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	- -	5	- -	- -	2	- -	-1	1	1	- -	-2	2	- -	1
+ Cash From Debt	- -	- -	6	- -	- -	3	1	- -	2	2	1	- -	3	1	2
+ Repayments of Debt	- -	- -	-1	- -	- -	-1	-1	-1	-1	-1	-2	-2	-1	-1	-1
+ Other Financing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	- -	- -	5	- -	- -	2	- -	- -	1	1	- -	-2	2	1	1
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	1	3	-1	- -	-2	-1	- -	- -	-1	2	1	-1	-2	- -	- -
EBITDA	2	4	3	1	2	1	1	3	-1	3	2	4	-1	-3	-1
EBITDA Margin (%)	11.1	14.84	11.36	3.27	4.63	2.31	4.04	9.65	-3.61	10.29	6.64	12.5	-3.56	-10.88	-2.6
Free Cash Flow	1	3	-2	-2	-3	-4	- -	- -	-1	1	2	1	-3	-1	-1
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	-3	- -	- -	- -	- -	2	2	1	- -	- -	- -
Free Cash Flow to Equity	1	3	3	-2	-3	-2	- -	- -	-1	2	1	-1	-2	-1	- -
Free Cash Flow per Basic Share	0.23	0.56	-0.37	-0.36	-0.54	-0.64	0.07	0.08	-0.22	0.17	0.27	0.18	-0.51	-0.13	-0.2
Price/Free Cash Flow	8.19	7.88	4.37	4.58	8.62	5.51	10.54	11.82	-45.32	8.37	6.35	5.7	-5.31	-25.68	-2.62
Cash Flow to Net Income	1.01	1.4	0.46	-5.12	-50.33	-0.17	-1	1.45	0.24	3.21	2.61	1.1	0.61	0.09	0.37
Capital Expenditures	-1	-2	-4	-4	-4	-4	-1	-1	- -	- -	-1	-1	-1	- -	- -