CYAN - Cyanotech Corp Stock Price, Fair Value and News

0.29USD-0.01 (-3.33%)Market Closed

Market Summary

USD0.29-0.01

Market Closed

-3.33%

CYAN Stock Price

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CYAN RSI Chart

CYAN Valuation

Market Cap

2.0M

Price/Earnings (Trailing)

-0.43

Price/Sales (Trailing)

0.09

EV/EBITDA

-1

Price/Free Cashflow

-11.16

CYAN Price/Sales (Trailing)

CYAN Profitability

EBT Margin

-20.48%

Return on Equity

-33.37%

Return on Assets

-16.94%

Free Cashflow Yield

-8.96%

CYAN Fundamentals

CYAN Revenue

Revenue (TTM)

22.5M

Rev. Growth (Yr)

-5.25%

Rev. Growth (Qtr)

-12.41%

CYAN Earnings

Earnings (TTM)

-4.6M

Earnings Growth (Yr)

-70.57%

Earnings Growth (Qtr)

-27.98%

Breaking Down CYAN Revenue

Last 7 days

-3.3%

Last 30 days

-35.6%

Last 90 days

-62.3%

Trailing 12 Months

-70.4%

How does CYAN drawdown profile look like?

CYAN Financial Health

Current Ratio

1.44

Debt/Equity

0.07

Debt/Cashflow

-0.18

CYAN Investor Care

Shares Dilution (1Y)

9.80%

Diluted EPS (TTM)

-0.74

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	23.2M	21.6M	22.8M	22.5M
2022	36.0M	33.7M	29.5M	25.9M
2021	32.3M	34.0M	34.8M	37.3M
2020	31.9M	31.2M	32.1M	31.5M
2019	30.2M	31.1M	31.9M	29.3M
2018	34.1M	32.5M	31.4M	32.2M
2017	32.0M	33.5M	31.7M	33.3M
2016	31.8M	31.6M	32.9M	33.0M
2015	33.8M	33.8M	34.3M	32.2M
2014	28.2M	29.4M	30.0M	32.3M
2013	27.6M	27.5M	27.9M	28.1M
2012	24.6M	25.2M	26.1M	26.7M
2011	16.8M	18.9M	21.1M	23.9M
2010	15.7M	16.0M	16.3M	16.6M

Get all data in R, Python etc through our Historical Stock Data APIs

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

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Tracking the Latest Insider Buys and Sells of Cyanotech Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 08, 2024	custer matthew keith	acquired	-	-	33.00	president and ceo
Apr 08, 2024	nordin amy beth	sold (taxes)	-5.2	0.4	-13.00	vp, hr, secretary
Apr 08, 2024	hartmann charles jason	sold (taxes)	-5.6	0.4	-14.00	vp, sales & marketing
Apr 08, 2024	ladin felicia i	sold (taxes)	-5.2	0.4	-13.00	cfo, vp fin & admin, treasurer
Apr 08, 2024	jensen glenn	acquired	-	-	33.00	vp, operations
Apr 08, 2024	johansen jennifer m.	acquired	-	-	33.00	vp, quality, regulatory & govt
Apr 08, 2024	cysewski gerald r	acquired	-	-	33.00	-
Apr 08, 2024	johansen jennifer m.	sold (taxes)	-5.2	0.4	-13.00	vp, quality, regulatory & govt
Apr 08, 2024	nordin amy beth	acquired	-	-	33.00	vp, hr, secretary
Apr 08, 2024	ladin felicia i	acquired	-	-	33.00	cfo, vp fin & admin, treasurer

Which funds bought or sold CYAN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%
Apr 26, 2024	Coastline Trust Co	sold off	-100	-73,336	-	-%
Mar 11, 2024	VANGUARD GROUP INC	added	1.41	5,335	47,006	-%
Feb 15, 2024	Farther Finance Advisors, LLC	new	-	176	176	-%
Feb 14, 2024	CITADEL ADVISORS LLC	sold off	-100	-9,619	-	-%
Feb 14, 2024	SUSQUEHANNA INTERNATIONAL GROUP, LLP	new	-	11,256	11,256	-%
Feb 13, 2024	RENAISSANCE TECHNOLOGIES LLC	reduced	-3.15	9,000	131,000	-%
Feb 13, 2024	GEODE CAPITAL MANAGEMENT, LLC	unchanged	-	1,369	24,000	-%
Feb 13, 2024	BlackRock Inc.	unchanged	-	967	9,577	-%
Feb 13, 2024	Tower Research Capital LLC (TRC)	reduced	-1.33	177	1,988	-%

Are Funds Buying or Selling CYAN?

Are funds buying CYAN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CYAN

No. of Funds

Unveiling Cyanotech Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Dec 20, 2023	davis michael a /	19.7%	1,356,894	SC 13D/A
Aug 30, 2023	ginungagap foundation	6.6%	424,621	SC 13D/A
Aug 29, 2023	davis michael a /	13.2%	856,503	SC 13D/A
Aug 29, 2023	ginungagap foundation	6.6%	424,621	SC 13D
Apr 02, 2021	meridian ohc partners, lp	3.7%	227,258	SC 13D/A
Mar 10, 2021	wells fargo & company/mn	0.00%	18	SC 13G/A
Dec 02, 2020	davis michael a /	15.04%	1,175,827	SC 13D/A
Feb 04, 2020	wells fargo & company/mn	6.34%	375,150	SC 13G

Recent SEC filings of Cyanotech Corp

View All Filings

Date Filed	Form Type	Document
Apr 10, 2024	4	Insider Trading
Apr 10, 2024	4	Insider Trading
Apr 10, 2024	4	Insider Trading
Apr 10, 2024	4	Insider Trading
Apr 10, 2024	4	Insider Trading
Apr 10, 2024	4	Insider Trading
Apr 10, 2024	4	Insider Trading
Apr 09, 2024	25-NSE	25-NSE
Feb 27, 2024	4	Insider Trading
Feb 21, 2024	4	Insider Trading

Peers (Alternatives to Cyanotech Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ADM	29.3B	91.7B	-5.55%	-20.28%	9.62	0.32	-10.07%	-31.73%
BG	14.7B	61.3B	-2.52%	13.20%	7.7	0.25	-8.91%	30.43%
CAG	14.6B	12.1B	5.23%	-18.71%	15.36	1.21	-0.78%	18.26%
CPB	13.4B	9.3B	4.52%	-17.39%	17.47	1.44	1.02%	-5.78%
ACI	11.9B	79.2B	-3.11%	-0.87%	9.16	0.15	2.05%	-14.37%
MID-CAP
BRBR	7.5B	1.7B	0.33%	57.42%	45.56	4.34	21.49%	39.64%
FRPT	5.3B	766.9M	-1.68%	59.30%	-157.91	6.92	28.82%	43.50%
FLO	5.2B	5.1B	7.61%	-12.63%	42.48	1.03	5.93%	-45.96%
CENT	2.8B	3.3B	2.93%	39.02%	20.94	0.85	0.37%	-0.15%
CALM	2.8B	2.4B	-6.98%	16.64%	10.03	1.16	-22.17%	-63.60%
SMALL-CAP
ANDE	1.9B	14.8B	0.73%	53.82%	18.91	0.13	-14.86%	-22.80%
BGS	894.7M	2.1B	2.71%	-25.96%	-13.52	0.43	-4.65%	-482.22%
BYND	532.9M	343.4M	8.85%	-35.78%	-1.58	1.55	-18.04%	7.65%
ALCO	216.6M	106.3M	-2.07%	24.54%	4.52	2.04	34.67%	5930.90%
AQB	7.6M	2.5M	-0.51%	264.81%	-0.28	3.07	-21.18%	-24.37%

Cyanotech Corp News

Latest updates

Cyanotech Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-12.4%	5,582	6,373	5,146	5,392	5,891	5,179	6,716	8,126	9,459	9,419	8,964	9,438	6,985	8,571	7,352	8,634	7,504	7,690	8,071	6,059	10,044
Gross Profit	-21.0%	1,649	2,088	1,532	1,387	1,764	1,790	2,318	2,894	3,238	3,762	3,672	2,771	2,071	3,301	2,975	3,084	2,877	3,063	3,676	2,229	4,116
Operating Expenses	-8.2%	2,497	2,720	2,741	2,641	2,168	2,627	2,743	2,530	2,730	2,680	3,053	2,795	2,512	3,019	2,707	2,857	2,510	2,654	3,626	3,550	3,621
S&GA Expenses	0.1%	1,387	1,385	1,276	1,399	1,041	1,142	1,168	1,105	1,127	1,131	1,550	1,600	1,300	1,374	1,244	1,601	1,406	1,343	1,408	1,734	2,068
R&D Expenses	-6.9%	163	175	191	213	106	206	246	229	200	127	156	120	211	173	135	121	146	154	187	288	216
EBITDA Margin	-26.2%	-0.10*	-0.08*	-0.10*	-0.05*	0.01*	0.04*	0.09*	0.12*	0.10*	0.12*	0.10*	0.10*	-	-	-	-	-	-	-	-	-
Interest Expenses	5.5%	172	163	160	169	186	103	44.00	80.00	116	101	95.00	176	123	121	131	127	164	182	185	168	134
Income Taxes	-100.0%	-	2.00	-	7.00	8.00	-	3.00	7.00	6.00	11.00	4.00	-	-2.00	6.00	-1.00	-19.50	32.00	-1.00	-3.00	-16.00	73.00
Earnings Before Taxes	-28.3%	-1,020	-795	-1,369	-1,423	-590	-940	-469	285	392	981	524	-200	825	161	137	102	203	227	-136	-1,489	361
EBT Margin	-11.8%	-0.20*	-0.18*	-0.20*	-0.15*	-0.07*	-0.02*	0.04*	0.06*	0.05*	0.06*	0.04*	0.03*	-	-	-	-	-	-	-	-	-
Net Income	-28.0%	-1,020	-797	-1,369	-1,430	-598	-940	-472	278	386	970	520	-200	827	155	138	121	171	228	-133	-1,473	288
Net Income Margin	-11.6%	-0.21*	-0.18*	-0.20*	-0.15*	-0.07*	-0.03*	0.03*	0.06*	0.04*	0.06*	0.04*	0.03*	-	-	-	-	-	-	-	-	-
Free Cashflow	-219.9%	-1,000	834	-596	583	-223	-1,161	-1,299	1,035	918	2,284	-1,858	1,481	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-2.9%	27.00	28.00	29.00	30.00	30.00	30.00	31.00	32.00	31.00	31.00	31.00	31.00	31.00	33.00	33.00	32.00	32.00	32.00	34.00	30.00	30.00
Current Assets	-3.2%	12.00	13.00	13.00	13.00	15.00	15.00	15.00	16.00	16.00	15.00	16.00	15.00	15.00	17.00	16.00	15.00	15.00	14.00	15.00	15.00	14.00
Cash Equivalents	-46.5%	1.00	1.00	1.00	1.00	1.00	0.00	1.00	3.00	2.00	2.00	1.00	4.00	3.00	4.00	3.00	2.00	2.00	1.00	1.00	1.00	2.00
Inventory	-4.9%	9.00	10.00	11.00	11.00	12.00	12.00	11.00	9.00	9.00	10.00	9.00	8.00	10.00	10.00	10.00	10.00	11.00	11.00	12.00	11.00	10.00
Net PPE	-3.2%	10.00	11.00	11.00	11.00	12.00	12.00	12.00	12.00	12.00	12.00	12.00	12.00	12.00	13.00	13.00	13.00	13.00	14.00	14.00	15.00	15.00
Liabilities	-1.9%	13.00	14.00	14.00	13.00	12.00	12.00	12.00	13.00	12.00	12.00	14.00	14.00	14.00	17.00	17.00	16.00	17.00	17.00	18.00	15.00	13.00
Current Liabilities	-1.4%	9.00	9.00	9.00	8.00	5.00	5.00	4.00	5.00	5.00	5.00	6.00	6.00	7.00	8.00	7.00	6.00	7.00	7.00	8.00	9.00	8.00
Short Term Borrowings	-	1.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	0%	1.00	1.00	1.00	1.00	4.00	4.00	4.00	4.00	4.00	4.00	5.00	5.00	4.00	6.00	6.00	6.00	6.00	6.00	7.00	5.00	-
LT Debt, Non Current	0%	1.00	1.00	1.00	1.00	4.00	4.00	4.00	4.00	4.00	4.00	5.00	5.00	4.00	6.00	6.00	6.00	6.00	6.00	7.00	5.00	-
Shareholder's Equity	-4.0%	14.00	14.00	15.00	16.00	18.00	18.00	19.00	19.00	19.00	19.00	18.00	17.00	17.00	16.00	16.00	16.00	16.00	15.00	15.00	15.00	16.00
Retained Earnings	-5.2%	-20.82	-19.80	-19.00	-17.63	-16.20	-15.61	-14.67	-14.19	-14.47	-14.86	-15.83	-16.35	-16.15	-16.98	-17.13	-17.27	-17.39	-17.56	-17.79	-17.65	-16.18
Additional Paid-In Capital	1.3%	35.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	33.00	33.00	33.00	33.00	33.00	33.00	33.00	33.00	33.00	33.00	32.00	32.00
Shares Outstanding	6.4%	7.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	-	-	8.00	-	-	-	11.00	-	-	-	7.00	-	-	-	8.00	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-219.9%	-1,000	834	-596	583	-223	-1,161	-1,299	1,035	918	2,284	-1,858	1,481	-222	1,287	-146	1,039	783	294	-873	-805	1,271
Share Based Compensation	-69.1%	54.00	175	47.00	44.00	45.00	199	22.00	26.00	198	99.00	21.00	18.00	18.00	168	10.00	185	31.00	20.00	341	40.00	38.00
Cashflow From Investing	72.8%	-37.00	-136	-150	-50.00	-328	-314	-376	-525	-224	-350	-171	-177	-288	-164	-131	-44.00	-94.00	-38.00	-48.00	-56.00	-137
Cashflow From Financing	520.0%	462	-110	420	-72.00	685	1,117	-177	-219	-530	-861	-677	-859	-421	-195	1,185	-187	-174	-217	1,136	128	-224

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CYAN Income Statement

2023-12-31

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Net sales	$ 5,582,000	$ 5,891,000	$ 17,101,000	$ 17,786,000
Cost of sales	3,933,000	4,127,000	11,831,000	11,914,000
Gross profit	1,649,000	1,764,000	5,270,000	5,872,000
Operating expenses:
General and administrative	947,000	1,021,000	3,381,000	3,631,000
Sales and marketing	1,387,000	1,041,000	4,048,000	3,351,000
Research and development	163,000	106,000	530,000	556,000
Total operating expenses	2,497,000	2,168,000	7,959,000	7,538,000
Loss from operations	(848,000)	(404,000)	(2,689,000)	(1,666,000)
Interest expense, net	(172,000)	(186,000)	(495,000)	(333,000)
Loss before income taxes	(1,020,000)	(590,000)	(3,184,000)	(1,999,000)
Income tax expense	0	8,000	2,000	11,000
Net loss	$ (1,020,000)	$ (598,000)	$ (3,186,000)	$ (2,010,000)
Net loss per share:
Basic (in dollars per share)	$ (0.16)	$ (0.1)	$ (0.5)	$ (0.32)
Diluted (in dollars per share)	$ (0.16)	$ (0.1)	$ (0.5)	$ (0.32)
Shares used in calculation of net loss per share:
Basic (in shares)	6,554	6,272	6,404	6,235
Diluted (in shares)	6,554	6,272	6,404	6,235

CYAN Balance Sheet

2023-12-31

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Dec. 31, 2023	Mar. 31, 2023
Current assets:
Cash	$ 661,000	$ 974,000
Accounts receivable, net of allowance for credit losses of $11 as of December 31, 2023 and $64 as of March 31, 2023	2,036,000	1,331,000
Inventories	9,124,000	10,707,000
Prepaid expenses and other current assets	464,000	484,000
Total current assets	12,285,000	13,496,000
Equipment and leasehold improvements, net	10,434,000	11,366,000
Operating lease right-of-use assets, net	4,409,000	4,776,000
Other assets	126,000	90,000
Total assets	27,254,000	29,728,000
Current liabilities:
Accounts payable	1,389,000	1,021,000
Accrued expenses	753,000	1,101,000
Customer deposits	70,000	89,000
Operating lease obligations, current portion	517,000	483,000
Short term debt - bank	1,360,000	0
Line of credit – bank	0	1,540,000
Line of credit – related party	1,250,000	500,000
Current maturities of long-term debt	3,199,000	3,369,000
Total current liabilities	8,538,000	8,103,000
Long-term debt, less current maturities	1,000,000	1,000,000
Long-term operating lease obligations	3,883,000	4,275,000
Other long-term liabilities	0	3,000
Total liabilities	13,421,000	13,381,000
Commitments and contingencies
Stockholders’ equity:
Preferred stock of $0.01 par value, authorized 10,000,000 shares; no shares issued and outstanding	0	0
Common stock of $0.02 par value, authorized 50,000,000 shares; issued and outstanding 6,886,600 shares at December 31, 2023 and 6,271,971 shares at March 31, 2023	138,000	125,000
Additional paid-in capital	34,515,000	33,856,000
Accumulated deficit	(20,820,000)	(17,634,000)
Total stockholders’ equity	13,833,000	16,347,000
Total liabilities and stockholders’ equity	$ 27,254,000	$ 29,728,000

About Cyanotech Corp

Cyanotech Corporation engages in the cultivation, production, and sale of natural products derived from microalgae worldwide. The company's products include BioAstin Hawaiian Astaxanthin, a dietary antioxidant to enhance skin, and to support eye, joint and immune health, as well as used as a human dietary supplement and dietary ingredient; and Hawaiian Spirulina Pacifica, a nutrient-rich dietary supplement, which is used for extra energy, strengthened immune system, cardiovascular benefits, and as a source of antioxidant carotenoids. It also provides contract extraction services. The company sells its products through distributors, retailers, and online channels; direct to consumers; and in bulk form to manufacturers, formulators, and distributors in the health foods, nutraceuticals, and dietary supplement markets. The company was incorporated in 1983 and is headquartered in Kailua-Kona, Hawaii.

CEO	Mr. Matthew Keith Custer
WEBSITE	cyanotech.com
INDUSTRY	Packaged Foods
EMPLOYEES	86

Cyanotech Corp Frequently Asked Questions

What is the ticker symbol for Cyanotech Corp? What does CYAN stand for in stocks?

CYAN is the stock ticker symbol of Cyanotech Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Cyanotech Corp (CYAN)?

As of Fri May 03 2024, market cap of Cyanotech Corp is 2 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CYAN stock?

You can check CYAN's fair value in chart for subscribers.

What is the fair value of CYAN stock?

You can check CYAN's fair value in chart for subscribers. The fair value of Cyanotech Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Cyanotech Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CYAN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Cyanotech Corp a good stock to buy?

The fair value guage provides a quick view whether CYAN is over valued or under valued. Whether Cyanotech Corp is cheap or expensive depends on the assumptions which impact Cyanotech Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CYAN.

What is Cyanotech Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 03 2024, CYAN's PE ratio (Price to Earnings) is -0.43 and Price to Sales (PS) ratio is 0.09. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CYAN PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Cyanotech Corp's stock?

In the past 10 years, Cyanotech Corp has provided -0.246 (multiply by 100 for percentage) rate of return.