Cyanotech Corporation (CYAN) financial statements (2021 and earlier)

Company profile

Business Address 73-4460 QUEEN KAAHUMANU HWY
KAILUA KONA, HI 96740
State of Incorp. NV
Fiscal Year End March 31
SIC 2833 - Medicinal Chemicals and Botanical Products (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,3222,4178401,3291,4071,240
Cash and cash equivalents3,3222,4178401,3291,4071,240
Receivables1,6822,1541,9822,6642,1352,983
Inventory, net of allowances, customer advances and progress billings9,5899,65311,2749,0347,9727,856
Inventory9,5899,65311,2749,0347,9727,856
Other undisclosed current assets430504496590722576
Total current assets:15,02314,72814,59213,61712,23612,655
Noncurrent Assets
Operating lease, right-of-use asset3,5983,834
Property, plant and equipment12,36313,04214,75215,73416,71217,796
Restricted cash and investments   65  
Other noncurrent assets129183282291213696
Total noncurrent assets:16,09017,05915,03416,09016,92518,492
TOTAL ASSETS:31,11331,78729,62629,70729,16131,147
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,2512,9865,9144,4194,6795,430
Accounts payable1,5502,1374,9223,5273,6664,000
Accrued liabilities7018499928921,0131,430
Deferred revenue116327
Debt3,9542,727948655623574
Customer advances and deposits 119117
Contract with customer, liability626
Other undisclosed current liabilities3383192,000633611 
Total current liabilities:6,6596,3599,4885,7076,0326,121
Noncurrent Liabilities
Long-term debt and lease obligation, including:7,2639,5285,3726,0236,5167,094
Long-term debt, excluding current maturities3,9986,00957103116 
Operating lease, liability3,2653,519
Other undisclosed long-term debt and lease obligation  5,3155,9206,4007,094
Liabilities, other than long-term debt3454  157104
Deferred revenue and credits  30
Deferred tax liabilities, net  15774
Other liabilities3454    
Other undisclosed noncurrent liabilities  (143)(130)(151) 
Total noncurrent liabilities:7,2979,5825,2295,8936,5227,198
Total liabilities:13,95615,94114,71711,60012,55413,319
Stockholders' equity
Stockholders' equity attributable to parent17,15715,84614,90918,10716,60717,828
Common stock122120117115114112
Additional paid in capital33,18232,99432,44732,05131,57731,585
Accumulated deficit(16,147)(17,268)(17,655)(14,059)(15,084)(13,869)
Total stockholders' equity:17,15715,84614,90918,10716,60717,828
TOTAL LIABILITIES AND EQUITY:31,11331,78729,62629,70729,16131,147

Income statement (P&L) ($ in thousands)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues30,66431,89930,20234,11532,04231,840
Revenue, net 32,04231,840
Cost of revenue
(Cost of Goods and Services Sold)
(17,854)(19,199)(19,736)(20,744)(19,818)(19,974)
Gross profit:12,81012,70010,46613,37112,22411,866
Operating expenses(9,972)(11,647)(13,463)(11,957)(12,906)(12,651)
Operating income (loss):2,8381,053(2,997)1,414(682)(785)
Nonoperating expense   (499)(528)(282)
Interest and debt expense414(657)(71)(72)(67)(57)
Other undisclosed income from continuing operations before equity method investments, income taxes    6757
Income (loss) from continuing operations before equity method investments, income taxes:3,252396(3,068)843(1,210)(1,067)
Other undisclosed income (loss) from continuing operations before income taxes357 (511)72  
Income (loss) from continuing operations before income taxes:3,609396(3,579)915(1,210)(1,067)
Income tax expense (benefit)21(9)(17)110(5)(3,328)
Net income (loss) available to common stockholders, diluted:3,630387(3,596)1,025(1,215)(4,395)

Comprehensive Income ($ in thousands)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income (loss):3,630387(3,596)1,025(1,215)(4,395)
Comprehensive income (loss), net of tax, attributable to parent:3,630387(3,596)1,025(1,215)(4,395)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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