CYAN — Stock Film
STOCK FILMSCENE 1/12CYAN · $0.49
Stock Expert AI presents
CYAN
Cyanotech Corporation
~4 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
Cyanotech Corporation. What it actually does.

Cultivates and produces microalgae. Extracts and processes astaxanthin from microalgae. Now — the numbers.

on the stock market since 1991
83 employees
$3.6M market value
WHERE DOES THE MONEY COME FROM?
39%Packaged Products
Packaged ProductsPackaged Astaxanthin 28%Packaged Spirulina 11%Bulk Products 11%Bulk Astaxanthin 6%Other 5%
39% of all revenue comes from a single line: Packaged Products.

Revenue is spread across several lines; no single product carries the company.

Revenue last year:
$26.6M
The loss that same year:
$1.3M
Sales don’t cover the costs; the gap drains from the cash pile every year.

The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.

THE SALES TREND
Sales have been shrinking.

An average decline of 7% a year over the last 4 years — the most striking risk in this picture. Red columns mark years that ended in a loss.

$36M
2022
2023
2024
2025
$26.6M
2026
In the vault right now:
$810K
DEBT: $11.6M
At this pace, that money lasts less than a year.

Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.

THE PRICE TAG
MARKET VALUE / ANNUAL SALES
0.1×

This company is not turning a profit, so the market is pricing its sales instead: 0.1× for every dollar of annual revenue.

No analyst target is on record for this company.

What executives did with their own stock over the last 12 months:
23 buy30 sell

Executive selling isn’t always bad news; people sell for personal reasons too. Still, the thin buying side is worth noting.

THE FIVE-YEAR JOURNEY
A long and steep decline.

An investor who bought at the very peak is down 87% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.

1
THE BRIGHT SIDE · 1/1
Sales are holding up

The company sells $26.6M a year; the problem isn’t sales — it’s costs running above that number.

1
THE RISKS · 1/3
Small scale, thin loss

A loss of $1.3M against $26.6M in annual sales.

2
THE RISKS · 2/3
Trading under $1

The stock sits at $0.49. Under exchange rules, stocks that stay below $1 for too long risk being removed from the market.

3
THE RISKS · 3/3
The cash has a countdown

At the current pace of spending, the cash lasts less than a year. After that, the company needs to find new money.

FINALE · THE GRADE
grade pending

No score published: this stock trades under $10,000 on a typical day, so the price beside it is not one you could reliably act on.

One-line summary: few numbers, an untested story. Keep watching.

What would you like to do next?
Open the stock page →

Not covered, because the filings we hold do not carry it: earnings execution.

This was a film — not investment advice.
Data: FMP & company filings
Sep 11, 2026 · stockexpertai.com · Stock Film