Cyanotech Corporation (NASDAQ: CYAN) Company Profile, News, Rankings – Market.us
Pune, Maharashtra, India, September 21 2022 (Wiredrelease) Prudour Pvt. Ltd –:Introduction: what is Cyanotech Corporation?
Cyanotech Corporation is a world leader in microalgae-based, nutritional products. Their mission is to produce superior quality natural products for optimal health and wellness. Cyanotech’s award-winning Spirulina Pacifica® and Astaxanthin products are recognized around the world as premier supplements with exceptional nutritional value and health benefits.
The company produces Spirulina Pacifica® and astaxanthin products from microalgae grown at its 90-acre facility on the Big Island of Hawaii. Using patented and proprietary technology, Cyanotech’s microalgae are cultivated in open air ponds under intense sunlight. Spirulina Pacifica is a dietary supplement that supports immune system health and provides antioxidant protection. It is available in tablet, powder and liquid forms. Astaxanthin is a natural pigment with powerful antioxidant properties that is used as a dietary supplement and food colorant. Cyanotech’s astaxanthin products are available in a gelcap, softgel and powder forms.
Their products are used in everything from supplements and food ingredients to aquaculture and animal feed. Cyanotech’s microalgae are grown in photobioreactors on the Big Island of Hawaii, where they thrive in the warm, sunny climate. The company has developed innovative methods for growing microalgae that are more efficient and produce a higher quality product than traditional methods.
Cyanotech’s products have improved the health of people around the world. Their spirulina supplements are rich in vitamins, minerals, and other nutrients that boost immunity and help fight disease. Their astaxanthin supplements have been shown to improve heart health, reduce inflammation, and protect against some forms of cancer.
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.
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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.
Future: what does the future hold for Cyanotech Corporation?
Cyanotech Corporation is an American biotechnology company that produces microalgae-based natural products. The company was founded in 1983 and is headquartered in Kailua-Kona, Hawaii. Cyanotech’s primary product is spirulina, a type of blue-green algae that is sold as a dietary supplement.
Looking to the future, Cyanotech Corporation appears to be in a strong position. The company has a diversified product line and a loyal customer base. Moreover, Cyanotech has been profitable for 21 consecutive years and has no debt. Given these factors, it seems likely that the company will continue to be successful in the years to come.
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