768408--6/25/2009--CYANOTECH_CORP

related topics
{stock, price, operating}
{operation, natural, condition}
{system, service, information}
{customer, product, revenue}
{operation, international, foreign}
{personnel, key, retain}
{property, intellectual, protect}
{cost, operation, labor}
{product, market, service}
{condition, economic, financial}
{acquisition, growth, future}
{product, liability, claim}
{stock, price, share}
The nutritional products industry is extremely competitive. Many of our significant competitors have greater financial and other resources than we do, and one or more of these competitors could use their greater resources to gain market share at our expense. Our production of algae involves an agricultural process, subject to such risks as weather, disease, and contamination. There is risk in operating entirely in one business segment such as the cultivation and production of microalgae at a single production facility. Our operations are vulnerable because we have limited personnel and redundancy and backup systems in our data management function. A Significant or Prolonged Economic Downturn Could Have a Material Adverse Effect on Our Results of Operations Our Quarterly Operating Results May Vary From Quarter to Quarter, Which May Result in Increased Volatility of Our Share Price Our Global Operations Expose Us to Complex Management, Foreign Currency, Legal, Tax and Economic Risks, Which We May Not Be Able to Address Quickly and Adequately If We Are Unable to Protect Our Intellectual Property Rights or if We Infringe Upon the Intellectual Property Rights of Others Our Business May Be Harmed Insurance Liability Coverage is Limited Our Ability to Develop and Market New Products or Modify Existing Products and Production Methods May be Adversely Affected If We Lose the Services of or Cannot Replace Certain Employees Knowledgeable in Advanced Scientific and Other Fields We May Need to Raise Additional Capital in the Future Which May Not Be Available We have incurred significant losses in the past. If we incur significant losses in the future, we will experience negative cash flow which may hamper current operations and prevent us from sustaining or expanding our business. Our stock price is volatile, which could result in substantial losses for investors purchasing shares of our common stock.

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