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Cyanotech Corporation engages in the cultivation, production, and sale of natural products derived from microalgae for the health and human nutrition market worldwide. The Company's products include Hawaiian Spirulina Pacifica, a nutrient-rich dietary supplement that is used for extra energy, a strengthened immune system, cardiovascular benefits, and as a source of antioxidant carotenoids; and Hawaiian BioAstin natural astaxanthin, a dietary antioxidant, which is used as a human nutraceutical and functional food ingredient to support and maintain the body's natural inflammatory response, enhance skin, and support eye and joint health.

Cyanotech Corporation sells its products in bulk quantities to manufacturers, formulators, and distributors in the health foods and nutritional supplements markets; and as packaged consumer products to distributors, retailers, and direct consumers.

TypePublic
Founded1983
HQKailua-Kona, US
Websitecyanotech.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Mar 2019)109(-7%)
Revenue (FY, 2019)$30.2 M(-11%)
Share Price (Oct 2019)$2.6

Key People/Management at Cyanotech

Mawae Morton

Mawae Morton

Chief Executive Officer and Director
Gerald Cysewski

Gerald Cysewski

Chief Scientific Officer and Vice Chairman of the Board of Directors
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Cyanotech Office Locations

Cyanotech has an office in Kailua-Kona
Kailua-Kona, US (HQ)
73-4460 Queen Ka'ahumanu Hwy #102
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Cyanotech Financials and Metrics

Cyanotech Revenue

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Cyanotech's revenue was reported to be $30.20 m in FY, 2019
USD

Revenue (Q1, 2020)

8.1m

Gross profit (Q1, 2020)

3.7m

Gross profit margin (Q1, 2020), %

45.5%

Net income (Q1, 2020)

(133.0k)

EBIT (Q1, 2020)

49.0k

Market capitalization (16-Oct-2019)

14.8m

Closing stock price (16-Oct-2019)

2.6

Cash (30-Jun-2019)

1.1m

EV

16.4m
Cyanotech's current market capitalization is $14.8 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

28.9m33.8m31.8m32.0m34.1m30.2m

Cost of goods sold

17.3m19.3m20.0m19.8m20.7m19.7m

Gross profit

11.6m14.5m11.9m12.2m13.4m10.5m

Gross profit Margin, %

40%43%37%38%39%35%
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

7.3m7.4m7.4m8.7m8.8m7.6m8.5m7.5m7.3m9.9m7.6m8.8m8.1m9.2m7.1m7.0m10.0m8.1m

Cost of goods sold

4.3m4.3m4.5m4.4m4.5m4.7m5.4m4.5m4.5m6.0m4.7m5.2m4.4m4.9m5.3m4.7m5.9m4.4m

Gross profit

3.0m3.1m3.0m4.3m4.4m2.9m3.1m3.1m2.8m3.9m2.9m3.6m3.6m4.2m1.8m2.3m4.1m3.7m

Gross profit Margin, %

41%42%40%49%49%39%36%41%39%39%38%41%45%46%26%33%41%46%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

4.3m2.2m1.2m1.4m1.3m840.0k

Accounts Receivable

5.4k

Inventories

4.9m5.7m7.9m8.0m9.0m11.3m

Current Assets

13.1m11.8m12.7m12.2m13.6m14.6m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

3.3m2.5m3.4m2.9m2.5m1.5m2.1m2.0m1.6m2.1m1.7m1.3m2.1m1.8m935.0k663.0k1.6m1.1m

Inventories

4.5m5.2m4.8m5.3m6.5m5.8m6.2m7.4m8.4m7.5m7.7m8.0m9.3m9.7m9.5m10.4m10.1m11.6m

Current Assets

12.5m12.8m11.9m13.0m13.5m11.6m13.2m13.3m12.9m13.4m12.6m12.3m13.4m14.9m13.8m13.7m14.2m14.9m

PP&E

10.9m11.4m12.4m13.2m15.5m17.5m17.9m17.5m17.1m16.9m16.3m16.0m15.9m15.4m15.1m15.2m14.3m
USDY, 2019

EV/EBIT

334.2 x

EV/CFO

-19.3 x

Financial Leverage

2.2 x
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Cyanotech Online and Social Media Presence

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Cyanotech News and Updates

Astaxanthin Global Market 2018: Key Players – DSM, BASF, Cyanotech, Fuji, BGG

Wiseguyreports.Com Adds “Astaxanthin -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2024” To Its Research Database Posted via Industry Today. Follow us on Twitter @IndustryToday

Microalgae Market – A comprehensive study by Key Players: Cyanotech Corporation, Algaetech Group, TAAU Australia

HTF MI published a new industry research that focuses on Microalgae market and delivers in-depth market analysis and future prospects of Global Microalgae market. Posted via Industry Today. Follow us on Twitter @IndustryToday

Carotenoids market size, share and Forecast 2026: Leading players are Chr. Hansen, Cyanotech Corporation, FMC Corporation

The largest market for carotenoids and is projected to grow at a CAGR of 4.5% from 2015 to 2022 Posted via Industry Today. Follow us on Twitter @IndustryToday

Cyanotech Blogs

Cyanotech® Corporation Joins the Algae Biomass Organization as the Newest Gold-Level Member

KAILUA-KONA, HAWAII (September 12, 2018) — Cyanotech® Corporation, (Nasdaq Capital Market: CYAN), a world leader in microalgae-based, high-value nutrition and health products, is proud to announce that it has joined the Algae Biomass Organization (ABO) as its newest Gold-Level member. ABO is a non-p…

Cyanotech® Corporation Signs Asset Purchase Agreement for Cellana’s Kona Demonstration Facility

KAILUA-KONA, HAWAII (September 7, 2018) — Cyanotech® Corporation (Nasdaq Capital Market: CYAN), a world leader in microalgae-based, high-value nutrition and health products, is pleased to announce that it has signed an Asset Purchase Agreement with Cellana LLC to acquire a six-acre production and re…

Q1 2019 Earnings Broadcast

Cyanotech Corporation (NASDAQ:CYAN) Q1 2019 Earnings Broadcast August 14, 2018; 9:00pm ET Executives: Mawae Morton – Chief Executive Officer Jolé Deal – Chief Financial Officer Mawae Morton Aloha from Kona, Hawaii. Thank you all for joining us today on the earnings call regarding Cyanotech Corporati…

Cyanotech Reports Financial Results for the First Quarter of Fiscal Year 2019

KAILUA KONA, Hawaii (August 13, 2018) — Cyanotech Corporation (Nasdaq Capital Market: CYAN), a world leader in microalgae-based, high-value nutrition and health products, announced financial results for the first quarter of fiscal year 2019, ended June 30, 2018. First Quarter Fiscal 2019 For the fir…

Nutrex Hawaii® Earns the USP Dietary Supplement Verification for BioAstin® Hawaiian Astaxanthin® Microalgae Supplements

KAILUA-KONA, HAWAII (July 30, 2018) — Nutrex Hawaii®, Inc., a market leader in microalgae supplements, is proud to announce that its BioAstin® Hawaiian Astaxanthin® has received the highly prestigious United States Pharmacopeia (USP®) Verified Mark. BioAstin is the first dietary supplement brand of …

2018 Annual Meeting of Stockholders

Cyanotech’s 2018 Annual Meeting of Stockholders will take place at 3pm HST on Monday, August 27, 2018 and the Mauna Lani Bay Hotel, 68-1400 Mauna Lani Drive, Kohala Coast, Hawaii USA, 96743.
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Cyanotech Frequently Asked Questions

  • When was Cyanotech founded?

    Cyanotech was founded in 1983.

  • Who are Cyanotech key executives?

    Cyanotech's key executives are Mawae Morton and Gerald Cysewski.

  • How many employees does Cyanotech have?

    Cyanotech has 109 employees.

  • What is Cyanotech revenue?

    Latest Cyanotech annual revenue is $30.2 m.

  • What is Cyanotech revenue per employee?

    Latest Cyanotech revenue per employee is $277.1 k.

  • Who are Cyanotech competitors?

    Competitors of Cyanotech include Natural Alternatives International, Genuine Health and EastGate Biotech.

  • Where is Cyanotech headquarters?

    Cyanotech headquarters is located at 73-4460 Queen Ka'ahumanu Hwy #102, Kailua-Kona.

  • Where are Cyanotech offices?

    Cyanotech has an office in Kailua-Kona.

  • How many offices does Cyanotech have?

    Cyanotech has 1 office.