BNET Industries

Cyanotech Corp.

(CYAN) is in the Pharma Industry

Market Cap:$17.5M
Last Fiscal Year Sales:$11.3M
  • Public
  • US
Dow Jones Description

Cyanotech develops and commercializes natural products from microalgae. The Company is currently producing microalgae products for the nutritional supplement and immunological diagnostics markets in addition to microalgae-based products for the aquaculture feed/pigments and food coloring markets. Microalgae are a diverse group of over 30,000 species of microscopic plants which have a wide range of physiological and biochemical characteristics and naturally contain high levels of nutrients. Microalgae represent a largely unexplored and unexploited renewable natural resource, which grow much faster than land-based plants. Under favorable growing conditions, certain microalgae produce a new crop every week. Cyanotech has designed, developed and implemented proprietary production and harvesting technologies, systems, and processes that eliminate many of the stability and contamination problems frequently encountered in the production of microalgae. The Company's technologies, systems, processes and favorable growing location permit year-round harvesting of its microalgae products in a cost-effective manner. Cyanotech maintains an environmentally responsible philosophy in the development and production of its products, using natural production methods and resources that employ extensive recycling of raw materials and nutrients. The Company believes that these recycling methods result in substantially lower operating costs. ...

President & CEO
Andrew H. Jacobson
Number of Employees 63
Contact Information

73-4460 Queen Kaahumanu Hwy Ste 102

Kailua Kona, Hawaii 96740

cyanotech.com

(808) 326-1353

NAICS Code Medicinal and Botanical Manufacturing: 325411

Recent Events

  • Cyanotech Reports FY10 Q2 Results

    11/13/09 - Financial Announcement - View Story

  • BRIEF: Cyanotech earnings jump more than 50% as sales surge

    8/14/09 - Financial Announcement - View Story

  • Cyanotech has impressive turnaround for the year

    6/25/09 - Financial Announcement - View Story

News & Analysis

cyanotech corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Andrew H. Jacobson President & CEO
Deanna L. Spooner CFO, Treasurer, Secretary, Vice President, Finance & Admin
Gerald R. Cysewski Executive Vice President, Microalgae Product Dev & Chief Scientific Officer
Glenn Jensen Chief Operating Officer
Bob Capelli Vice President Sales
Marc G. Ketchel Director, Sales
Gerald Cysewki
David I. Rosenthal Director
John T. Waldron Director
Michael A. Davis Director

Board of Directors

Name (plus bio) Position
Gregg W. Robertson Chairman
David I Rosenthaldenver Board of Directors

Andrew Jacobson joined Cyanotech as president and chief executive officer in May 2008. Mr. Jacobson has more than 23 years of experience in the natural products industry. He was president of the Personal Care division of the Hain Celestial Group. Hain is a leading natural and organic food and personal care products company with annual sales of approximately $1 billion. Previously at Hain, he was president of Natural Products. Mr. Jacobson joined Hain in 1997 through its acquisition of Westbrae Natural Foods where he was president.

Organization Position Status
Cyanotech Corporation President & CEO Current
Cyanotech Corporation Board of Directors Current
The Hain Celestial Group, Inc. President Former
Natural Products Ltd President Former
The Hain Celestial Group, Inc. Managing Director, Hain Celestial Canada, ULC Former
The Hain Company Former

Ms. Spooner joined Cyanotech as Controller in January 2008. Previously, she worked in Hawaii as a financial consultant to varied commercial enterprises; as CFO and COO of ADcom Information Services of Deerfield Beach FL; as CFO and VP Administration of Hygeia Pharmaceuticals of San Diego CA; as Manager of Accounting and SEC Reporting at Oak Industries of Rancho Bernardo CA; and with Deloitte, Haskins & Sells, Audit Department in San Diego CA and Seattle WA.

Organization Position Status
Cyanotech Corporation CFO, Treasurer, Secretary, Vice President, Finance & Admin Current

Organization Position Status
Nutrex, Inc. CEO Current
Cyanotech Corporation Executive Vice President, Microalgae Product Dev & Chief Scientific Officer Current
Cyanotech Corporation Board of Directors Current
Cyanotech Corporation Chairman of the Board, President and Chief Executive Officer Former
University of California, Santa Barbara Assistant Professor Former
University of California, Berkeley Doctorate In Chemical Engineering Former

Organization Position Status
Cyanotech Corporation Chief Operating Officer Current
Cyanotech Corporation Vice President Operations Former
Cyanotech Corporation Process Manager Former
California State University B.S. Degree In Health Science Former

Mr. Capelli has served as Vice President - Sales since March 2002. He joined Cyanotech in January 2002 as Director of Sales. Prior to joining Cyanotech, Mr. Capelli was Senior Sales Manager for Forcite-The Source, a division of Tree of Life, Inc. Mr. Capelli holds a B.A. degree from Rutgers University.

Organization Position Status
Cyanotech Corporation Vice President Sales Current
Nutrex, Inc. Vice President, Sales Current
Cyanotech Corporation Director of Sales Current
Rutgers University B.A. Degree Former

Organization Position Status
Cyanotech Corporation Director, Sales Current

Cyanotech marketed at the Natural Products Expo West trade show in March 2006 at the Anaheim Convention Center in California. Bob Capelli introduced Cyanotech's founder and CEO, Dr. Gerald Cysewski, for a standing-room only seminar. Agnes Prehn talked with prospective customers at the company's booth in the exhibit hall.

Organization Position Status
Cyanotech Corporation Current

Mr. Robertson was appointed to the Board of Directors of the Company in August 2004. Mr. Robertson is the President and Chief Executive Officer of Robertson & Company, a privately-owned investment banking firm which was established in 1986 and is currently based in Honolulu. Prior to establishing this firm, Mr. Robertson was the President and Chief Executive Officer of Dillingham Industries, Inc., a subsidiary of Dillingham Corporation. Previously Mr. Robertson held the positions of Executive Vice President and Chief Financial Officer of Dillingham Corporation. Mr. Robertson holds a B.S. degree in Economics from Fairleigh Dickenson University, Teaneck, N.J.

Organization Position Status
Cyanotech Corporation Chairman Current
Cyanotech Corporation President and Chief Executive Officer of Robertson & Company (Financial Services Consultancy) Former
Cyanotech Corporation Lead Independent Director Former

Organization Position Status
Cyanotech Corporation Board of Directors Current

Organization Position Status
Sanz, Inc. Chief Financial Officer Current
SpectraLink Corporation CFO, Vice President, Finance & Admin & Secretary Current
SpectraLink Corporation Board of Directors Current
Cyanotech Corporation Director Current
Celestial Seasonings, Inc. Acting Chief Financial Officer Former
StarTek, Inc. CFO Former
Cyanotech Corporation Chairman Former
California State University MBA Degree Former
University of California, Berkeley Bachelor of Science Degree In Accounting Former

Mr. Waldron was appointed to the Board of Directors of the Company in July 1998. Mr. Waldron is CEO of Stratmark Services in Deerfield, Illinois and Adjunct Professor of Marketing at the Lake Forest Graduate School of Management in Lake Forest, Illinois. From 1986 to 1999, Mr. Waldron was Vice President-Sales and Marketing, Senior Vice President-Sales and Marketing, and Executive Vice President for Takeda U.S.A. Inc., a bulk vitamin and fine chemical products manufacturer. Mr. Waldron was also a Director of Takeda U.S.A. from 1993 to 1999, and served as a member of its Executive Committee and Compensation Committee. Mr. Waldron holds a Master of Management degree from Northwestern University's J. L. Kellogg Graduate School of Management.

Organization Position Status
Cyanotech Corporation Director Current
Cyanotech Corporation Chairman Former

Mr. Davis was appointed to the Board of Directors of the Company in March 2003 subsequent to his acquisition of $1,250,000 of subordinated convertible debentures of the Company in September 2002. Mr. Davis is a Principal at Ebb and Flow Ventures, a private equity firm; President of Skywords Family Foundation and a Director of Canobie Films, Inc. Mr. Davis attended Harvard University.

Organization Position Status
Cyanotech Corporation Director Current

Executive News

  • BRIEF: Cyanotech earnings jump more than 50% as sales surge

    TradingMarkets - 8/14/09 - View Story

  • Cyanotech sees record revenue; stock jumps

    Biz Journals - 8/13/09 - View Story

  • Cyanotech sees record revenue; stock jumps

    Pacific Business News (Honolulu) - 8/13/09 - View Story

  • Cyanotech Reports FY10 Q1 Results

    NPI center - 8/13/09 - View Story

  • Cyanotech Reports Financial Results for the First Quarter of Fiscal 2010 -- Record Revenues Exceed $4,000,000 and Profits Surge by 52% --

    CNBC - 8/13/09 - View Story

  • Cyanotech Reports Financial Results for the First Quarter of

    Business Wire via MSN Money - 8/13/09 - View Story

  • Cyanotech Reports Financial Results for the First Quarter of Fiscal 2010

    Business Wire - 8/13/09 - View Story

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     CYAN $3.35 0.00 (0.00% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 12,711
Shares Outstanding 5.25M
Market Cap 17.6M
Year High 3.74
Year Low 1.09
Earnings Per Share 0.33
P/E Ratio 10.15
Dividend N/A
Yield N/A
IndustryTop Rated
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