Cyanotech Corp
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $24.2M | $23.1M | $23.2M | $36.0M | $32.3M | $31.9M | $30.2M | $34.1M |
| Cost of Revenue | $17.3M | $17.1M | $15.9M | $22.4M | $21.2M | $19.2M | $19.7M | $20.7M |
| Gross Profit | $6.9M | $5.9M | $7.3M | $13.6M | $11.1M | $12.7M | $10.5M | $13.4M |
| Gross Margin | 28.4% | 25.8% | 31.3% | 37.7% | 34.4% | 39.8% | 34.7% | 39.2% |
| Operating Expenses | ||||||||
| Research & Development | $449.0K | $689.0K | $770.0K | $712.0K | $639.0K | $608.0K | $923.0K | $563.0K |
| SG&A Expense | $4.4M | $4.5M | $4.7M | $5.4M | $4.9M | $5.3M | $5.7M | $5.0M |
| Operating Income | $-2.5M | $-4.6M | $-2.9M | $2.6M | $84.0K | $1.1M | $-3.0M | $1.4M |
| Operating Margin | -10.4% | -19.9% | -12.6% | 7.2% | 0.3% | 3.3% | -9.9% | 4.1% |
| Interest Expense | $687.0K | $668.0K | $502.0K | $392.0K | $550.0K | $657.0K | $582.0K | $499.0K |
| Pretax Income | $-3.2M | $-5.3M | $-3.4M | $2.2M | $923.0K | $396.0K | $-3.6M | $915.0K |
| Income Tax Expense | $8.0K | $7.0K | $18.0K | $28.0K | $3.0K | $9.0K | $17.0K | $-110.0K |
| Net Income | $-3.2M | $-5.3M | $-3.4M | $2.2M | $920.0K | $387.0K | $-3.6M | $1.0M |
| Net Margin | -13.2% | -22.8% | -14.8% | 6.0% | 2.8% | 1.2% | -11.9% | 3.0% |
| EPS (Basic) | $-0.45 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| EPS (Diluted) | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | 7.1M | 7.07B | 6.76B | 6.67B | 6.57B | 6.45B | 6.30B | 6.18B |
| Shares Outstanding (Diluted) | 7.1M | 7.1M | 6.76B | 6.68B | 6.58B | 6.45B | 6.30B | 6.26B |
| Dividends Per Share | — | — | — | — | — | — | — | — |