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Annual · values202520242023202220212020201920182017201620152014
Operating Cash Flow-1.19 M USD-455000 USD-2.10 M USD2.38 M USD2.40 M USD1.24 M USD-847000 USD1.49 M USD1.22 M USD745000 USD1.24 M USD2.15 M USD
Depreciation & Amortization1.48 M USD1.59 M USD1.66 M USD1.60 M USD1.75 M USD1.93 M USD1.91 M USD1.88 M USD1.98 M USD1.55 M USD1.24 M USD1.09 M USD
Stock-Based Compensation247000 USD359000 USD310000 USD344000 USD214000 USD577000 USD322000 USD400000 USD232000 USD665000 USD741000 USD770000 USD
Capital Expenditures431000 USD1.00 M USD847000 USD4.30 M USD4.30 M USD4.12 M USD
Cash Flow from Investing-247000 USD-381000 USD-1.07 M USD-1.27 M USD-760000 USD-224000 USD-531000 USD-1.07 M USD-847000 USD-3.82 M USD-3.42 M USD-2.13 M USD
Cash Flow from Financing990000 USD569000 USD1.55 M USD-2.29 M USD-290000 USD558000 USD824000 USD-498000 USD-206000 USD2.09 M USD91000 USD-76000 USD
Dividends Paid
Stock Buybacks
Free Cash Flow-1.28 M USD485000 USD373000 USD-3.56 M USD-3.06 M USD-1.97 M USD

Cyanotech Corporation is an agricultural company specializing in the cultivation, production, and sale of natural products derived from microalgae, primarily for the nutritional supplements market. Founded in 1983 and based in Kailua-Kona, Hawaii, the company operates extensive open-air cultivation ponds dedicated to producing high-value microalgae strains. Cyanotech’s flagship products include BioAstin Hawaiian Astaxanthin, a natural antioxidant formulated to support skin, eye, joint, and immune health, and Hawaiian Spirulina Pacifica, a nutrient-rich dietary supplement known for promoting energy, immune function, and cardiovascular health. These products are distributed globally, serving health-conscious consumers through both bulk and branded finished goods channels. Cyanotech also offers contract extraction and research and development services, extending its reach into custom formulations for third parties. The company’s role in the market centers on advancing naturally-derived nutritional products with a strong emphasis on sustainable and environmentally sensitive operations, addressing growing global demand for functional food ingredients and wellness supplements.