Cyanotech Corp

CYANCIK 0000768408

Analytics Research this company

Financial snapshot

Revenue

Net income

Operating margin

Free cash flow

Total debt

Cash

Research

Filings

Open the filing explorer →

Recent filings load as you scroll to this section.

Analytical signals

How signals work →

Calculations over this company’s filings, each compared with a stated threshold. They indicate where to read more closely; they are analytical evidence, not conclusions, and none implies wrongdoing.

Interest coverage

P-13 · Calculated

Threshold met

FY 2025-03-31

Whether operating earnings cover interest expense, and for how many consecutive years they did not.

Interest coverage below 1.0x for 3 consecutive years (BIS-style test; company age is not checked)

Trend: flat

P-13 inputs
Input	Value
model score (0–100)	100.0
icr_by_year.2025-03-31	-3.651
icr_by_year.2024-03-31	-6.874
icr_by_year.2023-03-31	-5.817
icr_by_year.2022-03-31	6.566
consecutive_years_below_1	3
altman_z_double_prime	-3.617
definitions.zombie	ICR<1 for 3+ consecutive FYs (BIS 2018)
definitions.z_distress	<1.1 distress, 1.1-2.6 gray, >2.6 safe
inputs.ebit_t	-2508000
inputs.interest_expense_t	687000
stale	false
latest_filing_period	2025-03-31

Trend

10-K· 2025-06-20 Methodology

Carbon-exposed assets

P-11 · AI-assisted, quote-verified

Elevated

FY 2025-06-20

How asset-heavy the balance sheet is, and whether the filing names carbon-exposed asset classes.

3 carbon-exposed asset class(es)

P-11 inputs
Input	Value
model score (0–100)	36.0
exposures.0.asset	manufacturing processes
exposures.0.exposure_type	process
exposures.0.quote	Our manufacturing processes require that we purchase significant quantities of energy from third parties, which results in the generation of greenhouse gases, either directly onsite or indirectly at electric utilities.
exposures.0.quote_verified	true
exposures.1.asset	oil derived energy
exposures.1.exposure_type	supply
exposures.1.quote	The global cost of oil derived energy impacts us in several ways, and it may hinder our efforts to achieve profitability.
exposures.1.quote_verified	true
exposures.2.asset	energy source and supply choices
exposures.2.exposure_type	supply
exposures.2.quote	Proposed and existing legislative efforts to control or limit greenhouse gas emissions could affect our energy source and supply choices as well as increase the cost of energy and raw materials derived from sources that generate greenhouse gas emissions.
exposures.2.quote_verified	true
ppe_share_of_assets	null
transition_risk_acknowledged	true
quotes_discarded_unverified	0
method	XBRL PP&E intensity + LLM extraction (quote-verified)

Basis: Filing text (AI-assisted, quote-verified)Methodology

Insider filing timing

P-08 · Calculated

Below threshold

FY 2025-09-02

No clustered pre-event Form 4 pattern in the last year

Whether several insiders filed Form 4 in the 14 days before recent 8-K events.

P-08 inputs
Input	Value
model score (0–100)	0.0
clusters
form4_total_1y	4
events_8k_1y	2
window_days	14
note	Timing pattern only — direction (buy/sell) requires parsing each Form 4 XML; treat as a read-the-filings triage flag, not an accusation.

Basis: Insider and event filingsMethodology

Language change

P-09 · Calculated

Below threshold

FY 2025-06-20

Filing language stable vs prior 10-K

How the density of uncertainty, negative and litigious wording changed between the latest and prior annual report.

P-09 inputs
Input	Value
model score (0–100)	3.8
current.filed	2025-06-20
current.tokens	32980
current.uncertainty_per_1k	12.64
current.negative_per_1k	8.34
current.litigious_per_1k	0.91
prior.filed	2024-06-26
prior.tokens	32173
prior.uncertainty_per_1k	12.93
prior.negative_per_1k	8.08
prior.litigious_per_1k	0.93
ratios.uncertainty	0.978
ratios.negative	1.032
method	Loughran-McDonald dictionary densities (lite subset unless full CSV present)

Basis: Filing textMethodology

Strategic-review language

P-10 · AI-assisted, quote-verified

Below threshold

FY 2025-06-20

No M&A pre-signals detected

Activist 13D/13G filings, and language about strategic alternatives in MD&A and risk factors.

P-10 inputs
Input	Value
model score (0–100)	0.0
sc13d_filings
ai_signals
quotes_discarded_unverified	0
ai_status	ok
method	Deterministic 13D count + LLM language read (quote-verified)

Basis: Filing text (AI-assisted, quote-verified)Methodology

No stored result for Earnings quality, Subsidiary jurisdictions, ESG disclosure support, Effective tax rate, Pension funding, Restatement indicators. Some signals are computed on request, and others need inputs this company’s filings do not tag; a missing result is not a finding either way.

Methodology and sources

Financial figures come from SEC XBRL company facts (annual reports). Choose any evidence marker to see the filing behind a value.
Filing text comes from SEC EDGAR. Browse this company on EDGAR ↗
Signals are calculated by Stratum from those filings. Some use AI to read filing text, and every AI claim must quote the document verbatim or it is discarded. Full methodology

More tools: chat with the 10-K · generate an investigation memo