Company profile

Gerald R. Cysewski
Incorporated in
Fiscal year end
IRS number

CYAN stock data



13 Aug 19
19 Aug 19
31 Mar 20


Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 8.07M 6.06M 10.04M 6.95M
Net income -133K -1.47M 288K -1.14M
Diluted EPS -0.02 -0.25 0.05 -0.2
Net profit margin -1.65% -24.31% 2.87% -16.34%
Operating income 49K -1.32M 495K -1M
Net change in cash 215K -733K 910K -272K
Cash on hand 1.06M 840K 1.57M 663K
Cost of revenue 4.4M 3.83M 5.93M 4.67M
Annual (USD) Mar 19 Mar 18 Mar 17 Mar 16
Revenue 30.2M 34.12M 32.04M 31.84M
Net income -3.6M 1.03M -1.22M -4.4M
Diluted EPS -0.62 0.18 -0.21 -0.79
Net profit margin -11.91% 3.00% -3.79% -13.80%
Operating income -3M 1.41M -682K -785K
Net change in cash -489K -78K 167K -986K
Cash on hand 840K 1.33M 1.41M 1.24M
Cost of revenue 19.74M 20.74M 19.82M 19.97M

Financial data from Cyanotech earnings reports

Financial report summary

Management Discussion
  • Net Sales Net sales decreased 11.5% in the year ended March 31, 2019 compared with 2018. This decrease was driven by a 9.2% decrease in sales of our packaged Nutrex Hawaii products, and a 30.2% decrease in bulk sales when compared with 2018. The decrease in packaged sales for spirulina was the result of lack of available product, which also impacted astaxanthin sales for certain channels that have historically displayed and promoted the two products together. The bulk sales decrease is also primarily the result of lack of product available for our bulk customers. Two customers accounted for 33% and 24%, respectively, of our total net sales in the fiscal year ended March 31, 2019. These two customers accounted for 32% and 15%, respectively, of our total net sales in the fiscal year ended March 31, 2018.
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