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Home ➤ Companies ➤ Cyanotech Corporation Company Profile

Cyanotech Corporation Company Profile

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Cyanotech Corp

Healthcare/p>

  • Type

    Public

  • Headquarters

    The US

  • Founded

    1983

  • Key Management

    Mr.Mawae Morton(CEO)

  • Revenue

    ~32.34 (2021)

  • Headcountz

    ~95(2021)

  • Website

    www.cyanotech.com

Business Description

Cyanotech Corp. is involved in the commercialization and development of natural products made from microalgae. Gerald R. Cysewski founded the company in 1983. It is headquartered at Kailua-Kona in Hawaii. BioAstin natural antioxidant, which is a dietary anti-inflammatory that supports and maintains the body’s natural immune response to improve eye and skin health, is one of the company’s products. Spirulina Pacifica is a dietary supplement that provides extra energy, cardiovascular benefits an enhanced immune system, and a source for antioxidant carotenoids.

Key Financials

Revenue (US$ Mn):

  • US$ 32 Mn was the annual revenue generated by Cyanotech Corp. in 2021
  • Cyanotech Corp.’s annual revenue for 2020 was US$ 32 Mn, a 5.6% increase from 2019
  • From 2018’s yearly revenues, Cyanotech Corp. registered a -11.46% decrease in 2019, amounting to US$ 30 Mn
  • Total revenue of US$ 34 Mn was generated in 2018 by Cyanotech Corp.

Operating Income (US$ Mn):

  • Cyanotech Corp.’s operating income for 2021 was US$ 1 Mn, a 31.43% increase from 2020
  • The operating income generated by Cyanotech Corp. in 2020 was US$ 1 Mn
  • At a -312.06% decrease from , Cyanotech Corp.’s operating income of US$ -3 Mn was indexed in 2019
  • Cyanotech Corp. generated an operating income of US$ 1 Mn in 2018

Operating Margin %:

  • US$ Mn was the net income generated by Cyanotech Corp. in 2021
  • Cyanotech Corp.’s net income for 2020 was US$ 3 Mn, a -133.33% decrease from 2019
  • From 2018’s net incomes, Cyanotech Corp. registered a -341.46% decrease in 2019, amounting to US$ -10 Mn
  • A net income of US$ 4 Mn was generated in 2018 by Cyanotech Corp.

Gross Margin %:

  • Cyanotech Corp.’s operating margin for 2021 was 34%, a -13.57% decrease from 2020
  • The operating margin generated by Cyanotech Corp. in 2020 was 40%
  • At a -11.48% decrease from , Cyanotech Corp.’s operating margin of 35% was indexed in 2019
  • Cyanotech Corp. generated an operating margin of 39% in 2018

SWOT Analysis

Strengths

Financial Performance

A company’s financial performance is better and it can gain investor confidence. It also increases its ability to provide adequate funds for future growth opportunities. The company’s revenue for FY2020 was US$31.9million, compared to US$30.2million in FY2019. This represents an annual growth rate of 5.6%. The increase in extraction services, as well as an increase in spirulina shipments, led to an increase in revenue. The company posted an operating profit in FY2020 of US$1.1million, compared with an operating loss of US$ 3 million in FY2019. In FY2020, it reported a net profit of US$0.4 million, compared with a net loss of US$3.6 million in FY2019.

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Table of Content

  1. Business Description
  2. Key Financials
  3. SWOT Analysis
    1. Strength
      1. Financial Performance
      2. R&D
      3. Liquidity Position
    2. Weaknesses
      1. Dependence on the US
      2. Reliance on Limited Customers
    3. Opportunities
      1. Global Skincare Market
      2. Healthcare spending in the US
    4. Threats
      1. Stringent Regulations
      2. Intense Competition
      3. Production Ris
    5. Key Developments
      1. Year 2018
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