Cyanotech Corporation (CYAN)
Cyanotech Corporation operates in the Packaged Foods industry of the Consumer Defensive sector, headquartered in Kailua-Kona, HI, US. The stock last traded at $0.49, up 0.00% on the session, giving a market capitalisation of $3.6M. On trailing twelve-month figures it carries a trailing P/E of -54.44, a net margin of -0.3%. Its beta of 0.11 implies it has historically moved less than the broad market.
Established in 1983 and headquartered in Kailua-Kona, Hawaii, Cyanotech Corporation specializes in the global cultivation, processing, and distribution of natural products derived from microalgae. Its key product offerings include BioAstin Hawaiian Astaxanthin, a powerful dietary antioxidant acclaimed for promoting skin health and supporting eye, joint, and immune system functions; it is utilized as both a dietary supplement and an ingredient. Another significant product is Hawaiian Spirulina Pacifica, a highly nutritious dietary supplement formulated to enhance energy levels, bolster the immune system, provide cardiovascular benefits, and deliver a rich source of antioxidant carotenoids. Beyond its product lines, Cyanotech also offers contract extraction services. The company reaches its customers through a diverse array of sales channels, encompassing third-party distributors, retailers, and online platforms, as well as direct sales to consumers. Additionally, it supplies products in bulk to manufacturers, formulators, and distributors within the health foods, nutraceuticals, and dietary supplement industries.
Cyanotech Corporation is most often compared with the following Consumer Defensive names: