<ARTICLE> 5 <LEGEND> (Replace this text with the legend) </LEGEND> <CIK> 768408 <NAME> Cyanotech Corporation <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> Mar-31-2000 <PERIOD-START> Apr-01-1999 <PERIOD-END> Mar-31-2000 <CASH> 405 <SECURITIES> 0 <RECEIVABLES> 1,623 <ALLOWANCES> 10 <INVENTORY> 1,609 <CURRENT-ASSETS> 3,831 <PP&E> 23,129 <DEPRECIATION> 7,383 <TOTAL-ASSETS> 19,689 <CURRENT-LIABILITIES> 1,737 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 1 <COMMON> 73 <OTHER-SE> 16,571 <TOTAL-LIABILITY-AND-EQUITY> 19,689 <SALES> 7,398 <TOTAL-REVENUES> 7,398 <CGS> 5,895 <TOTAL-COSTS> 5,895 <OTHER-EXPENSES> 5,815 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 282 <INCOME-PRETAX> (4,505) <INCOME-TAX> 20 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,485) <EPS-BASIC> (0.34) <EPS-DILUTED> (0.34)