Cyan
Offers software-defined networks and packet-optical solutions for service providers, data center operators and private networks.
Launch date
Employees
Market cap
CAD7.0m
Enterprise valuation
CAD20m (Public information from Sep 2024)
Share price
$0.7 CYAN
Petaluma California (HQ)
Financials
Estimates*
| USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | - | - | 31.9m | 32.3m | 36.0m | 23.2m | 23.1m |
| % growth | - | - | - | 1 % | 11 % | (36 %) | - |
| EBITDA | - | - | 3.3m | 2.1m | 4.5m | (<1m) | (2.5m) |
| % EBITDA margin | - | - | 10 % | 7 % | 12 % | (4 %) | (11 %) |
| Profit | - | - | <1m | <1m | 2.2m | (3.4m) | (5.3m) |
| % profit margin | - | - | 1 % | 3 % | 6 % | (15 %) | (23 %) |
| EV / revenue | - | - | 0.7x | 0.8x | 0.8x | 0.7x | 0.5x |
| EV / EBITDA | - | - | 6.8x | 12.5x | 6.0x | -19.0x | -4.9x |
| R&D budget | - | - | <1m | <1m | <1m | <1m | <1m |
| R&D % of revenue | - | - | 2 % | 2 % | 2 % | 3 % | 3 % |
| Date | Investors | Amount | Round |
|---|---|---|---|
$8.8m | Series A | ||
$17.5m | Series B | ||
| N/A | $8.8m | Series C | |
$22.0m | Series D | ||
$30.5m | Series E | ||
| N/A | $10.0m | Growth Equity VC | |
| N/A | $88.0m | IPO | |
| N/A | $50.0m | Post IPO Debt | |
$400m Valuation: $400m | Acquisition | ||
| Total Funding | CAD133m | ||
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ACQUISITION by CommentSold Aug 2023