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CYAN

Cyanotech Corp
CIK 0000768408 · EDGAR ↗
cleanelevatedtriggeredno dataplanned
100.0
composite · 1 signals · TRIGGERED

Every card below shows the score and the exact filing data it was computed from — no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded — never a guess.

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Signals

P-13 · FY 2025-03-31 · TRIGGERED100.0

Zombie / distress

Zombie: interest coverage below 1.0x for 3 consecutive years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-06-20)
Evidence — inputs and thresholds
{
  "icr_by_year": {
    "2025-03-31": -3.651,
    "2024-03-31": -6.874,
    "2023-03-31": -5.817,
    "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)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": -2508000,
    "interest_expense_t": 687000
  },
  "stale": false,
  "latest_filing_period": "2025-03-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/768408/000143774925020904/0001437749-25-020904-index.htm",
    "form": "10-K",
    "filed": "2025-06-20"
  }
}
P-11 · FY 2025-06-20 · ELEVATED36.0

Stranded assets

3 carbon-exposed asset class(es)
Evidence — inputs and thresholds
{
  "exposures": [
    {
      "asset": "manufacturing processes",
      "exposure_type": "process",
      "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.",
      "quote_verified": true
    },
    {
      "asset": "oil derived energy",
      "exposure_type": "supply",
      "quote": "The global cost of oil derived energy impacts us in several ways, and it may hinder our efforts to achieve profitability.",
      "quote_verified": true
    },
    {
      "asset": "energy source and supply choices",
      "exposure_type": "supply",
      "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.",
      "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)"
}
P-08 · FY 2025-09-02 · CLEAN0.0

Insider timing

No clustered pre-event Form 4 pattern in the last year
Evidence — inputs and thresholds
{
  "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."
}
P-09 · FY 2025-06-20 · CLEAN3.8

Narrative divergence

Filing language stable vs prior 10-K
Evidence — inputs and thresholds
{
  "current": {
    "filed": "2025-06-20",
    "tokens": 32980,
    "uncertainty_per_1k": 12.64,
    "negative_per_1k": 8.34,
    "litigious_per_1k": 0.91
  },
  "prior": {
    "filed": "2024-06-26",
    "tokens": 32173,
    "uncertainty_per_1k": 12.93,
    "negative_per_1k": 8.08,
    "litigious_per_1k": 0.93
  },
  "ratios": {
    "uncertainty": 0.978,
    "negative": 1.032
  },
  "method": "Loughran-McDonald dictionary densities (lite subset unless full CSV present)"
}
P-10 · FY 2025-06-20 · CLEAN0.0

M&A pre-signal

No M&A pre-signals detected
Evidence — inputs and thresholds
{
  "sc13d_filings": [],
  "ai_signals": [],
  "quotes_discarded_unverified": 0,
  "ai_status": "ok",
  "method": "Deterministic 13D count + LLM language read (quote-verified)"
}