$VCYT
VERACYTE, INC. Stock $vcyt

$vcyt Overview Financials Valuation SEC Filings Company Website

2017 Q4 Form 10-Q Financial Statement

#000138410117000068 Filed on November 07, 2017

Income Statement

Concept	2017 Q4	2017 Q3	2016 Q3
Revenue	$19.60M	$17.52M	$18.60M
YoY Change	7.33%	-5.83%	50.81%
Cost Of Revenue	$7.770M	$7.169M	$6.367M
YoY Change	19.17%	12.6%	13.33%
Gross Profit	$11.83M	$10.35M	$12.24M
YoY Change	0.77%	-15.41%	82.16%
Gross Profit Margin	60.37%	59.08%	65.77%
Selling, General & Admin	$14.40M	$13.41M	$12.85M
YoY Change	24.57%	4.32%	9.12%
% of Gross Profit	121.72%	129.52%	105.02%
Research & Development	$3.200M	$3.046M	$4.006M
YoY Change	-10.86%	-23.96%	12.43%
% of Gross Profit	27.05%	29.43%	32.74%
Depreciation & Amortization	$1.000M	$990.0K	$900.0K
YoY Change	9.89%	10.0%	40.63%
% of Gross Profit	8.45%	9.57%	7.36%
Operating Expenses	$17.87M	$16.45M	$16.86M
YoY Change	15.96%	-2.4%	9.89%
Operating Profit	-$6.040M	-$6.368M	-$4.886M
YoY Change	64.58%	30.33%	-45.03%
Interest Expense	-$2.520M	$815.0K	$799.0K
YoY Change	211.11%	2.0%	768.48%
% of Operating Profit
Other Income/Expense, Net	$120.0K	$134.0K	$48.00K
YoY Change	50.0%	179.17%	37.14%
Pretax Income	-$8.440M	-$7.050M	-$5.640M
YoY Change	91.82%	25.0%	-36.98%
Income Tax	$0.00
% Of Pretax Income
Net Earnings	-$8.440M	-$7.050M	-$5.640M
YoY Change	91.82%	25.0%	-36.98%
Net Earnings / Revenue	-43.07%	-40.24%	-30.32%
Basic Earnings Per Share
Diluted Earnings Per Share	-$247.8K	-$207.7K	-$202.0K
COMMON SHARES
Basic Shares Outstanding	34.04M shares	33.89M shares	27.86M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2017 Q4	2017 Q3	2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$33.90M	$41.20M	$31.70M
YoY Change	-42.74%	29.97%	-31.24%
Cash & Equivalents	$33.89M	$41.20M	$31.70M
Short-Term Investments
Other Short-Term Assets	$2.000M	$1.600M	$1.500M
YoY Change	-9.09%	6.67%	-59.46%
Inventory	$5.324M	$3.760M	$3.416M
Prepaid Expenses
Receivables	$12.72M	$11.64M	$6.312M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$53.93M	$58.21M	$42.95M
YoY Change	-26.76%	35.52%	-25.04%
LONG-TERM ASSETS
Property, Plant & Equipment	$9.688M	$10.28M	$10.44M
YoY Change	-15.61%	-1.48%	68.31%
Goodwill	$1.057M	$1.057M	$1.057M
YoY Change	0.0%	0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$326.0K	$178.0K	$203.0K
YoY Change	143.28%	-12.32%	-74.63%
Total Long-Term Assets	$24.74M	$25.45M	$26.70M
YoY Change	-9.73%	-4.67%	13.13%
TOTAL ASSETS
Total Short-Term Assets	$53.93M	$58.21M	$42.95M
Total Long-Term Assets	$24.74M	$25.45M	$26.70M
Total Assets	$78.67M	$83.66M	$69.65M
YoY Change	-22.14%	20.11%	-13.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$3.853M	$3.161M	$3.081M
YoY Change	58.95%	2.6%	-53.32%
Accrued Expenses	$8.175M	$8.058M	$7.189M
YoY Change	-10.26%	12.09%	-2.85%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$0.00
YoY Change
Total Short-Term Liabilities	$12.03M	$11.22M	$10.27M
YoY Change	4.28%	9.24%	-33.31%
LONG-TERM LIABILITIES
Long-Term Debt	$24.94M	$25.00M	$24.89M
YoY Change	0.08%	0.43%	397.82%
Other Long-Term Liabilities	$4.200M	$4.200M	$4.500M
YoY Change	-4.55%	-6.67%	87.5%
Total Long-Term Liabilities	$24.94M	$25.00M	$24.89M
YoY Change	0.08%	0.43%	236.36%
TOTAL LIABILITIES
Total Short-Term Liabilities	$12.03M	$11.22M	$10.27M
Total Long-Term Liabilities	$24.94M	$25.00M	$24.89M
Total Liabilities	$41.44M	$40.84M	$39.65M
YoY Change	-0.02%	3.02%	72.37%
SHAREHOLDERS EQUITY
Retained Earnings	-$211.1M	-$202.6M	-$175.7M
YoY Change	17.22%	15.35%
Common Stock	$248.3M	$245.5M	$205.7M
YoY Change	3.61%	19.34%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$37.23M	$42.82M	$30.01M
YoY Change
Total Liabilities & Shareholders Equity	$78.67M	$83.66M	$69.65M
YoY Change	-22.14%	20.11%	-13.91%

Cashflow Statement

Concept	2017 Q4	2017 Q3	2016 Q3
OPERATING ACTIVITIES
Net Income	-$8.440M	-$7.050M	-$5.640M
YoY Change	91.82%	25.0%	-36.98%
Depreciation, Depletion And Amortization	$1.000M	$990.0K	$900.0K
YoY Change	9.89%	10.0%	40.63%
Cash From Operating Activities	-$5.820M	-$5.100M	-$7.440M
YoY Change	37.59%	-31.45%	95.28%
INVESTING ACTIVITIES
Capital Expenditures	-$300.0K	-$730.0K	-$170.0K
YoY Change	-33.33%	329.41%	-84.96%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00	$0.00
YoY Change
Cash From Investing Activities	-$300.0K	-$730.0K	-$170.0K
YoY Change	-33.33%	329.41%	-84.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-1.190M	440.0K	320.0K
YoY Change	-103.7%	37.5%
NET CHANGE
Cash From Operating Activities	-5.820M	-5.100M	-7.440M
Cash From Investing Activities	-300.0K	-730.0K	-170.0K
Cash From Financing Activities	-1.190M	440.0K	320.0K
Net Change In Cash	-7.310M	-5.390M	-7.290M
YoY Change	-126.56%	-26.06%	47.87%
FREE CASH FLOW
Cash From Operating Activities	-$5.820M	-$5.100M	-$7.440M
Capital Expenditures	-$300.0K	-$730.0K	-$170.0K
Free Cash Flow	-$5.520M	-$4.370M	-$7.270M
YoY Change	46.03%	-39.89%	171.27%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
	dei	Document Period End Date DocumentPeriodEndDate	2017-09-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001384101
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	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	VERACYTE, INC.
	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
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CY2017Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	11635000	USD
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CY2016Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	9110000	USD
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	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	145000	USD
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CY2016Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2057000	USD
CY2017Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1617000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	200000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	24452000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	0	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	0	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	440000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	963000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	974000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	11480000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	10281000	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	68000	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	USD
	us-gaap	Recognition Of Deferred Revenue RecognitionOfDeferredRevenue	948000	USD
	us-gaap	Recognition Of Deferred Revenue RecognitionOfDeferredRevenue	0	USD
	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	0	USD
	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	204000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	5000000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	0	USD
CY2016Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	4006000	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	11734000	USD
CY2017Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	3046000	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	10679000	USD
CY2016Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	120000	USD
CY2017Q3	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	0	USD
CY2016Q4	us-gaap	Restricted Cash And Cash Equivalents Noncurrent RestrictedCashAndCashEquivalentsNoncurrent	603000	USD
CY2017Q3	us-gaap	Restricted Cash And Cash Equivalents Noncurrent RestrictedCashAndCashEquivalentsNoncurrent	603000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-180084000	USD
CY2017Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-202648000	USD
CY2016Q3	us-gaap	Sales Revenue Net SalesRevenueNet	18603000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	46828000	USD
CY2017Q3	us-gaap	Sales Revenue Net SalesRevenueNet	17519000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	52357000	USD
CY2016Q3	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	7087000	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	22416000	USD
CY2017Q3	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	7885000	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	23215000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	4745000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	4825000	USD
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	5251832	shares
CY2017Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	6318932	shares
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	59581000	USD
CY2017Q3	us-gaap	Stockholders Equity StockholdersEquity	42816000	USD
CY2017Q3	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	2500000	USD
	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Expense UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense	0	USD
CY2016Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	27916819	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	27865100	shares
CY2017Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	33946748	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	33881705	shares
	vcyt	Capital Expenditures Incurred But Not Yet Paid Net CapitalExpendituresIncurredButNotYetPaidNet	0	USD
	vcyt	Capital Expenditures Incurred But Not Yet Paid Net CapitalExpendituresIncurredButNotYetPaidNet	188000	USD
CY2016Q3	vcyt	Debt Instrument End Of Term Payment Interest Amount DebtInstrumentEndOfTermPaymentInterestAmount	0	USD
	vcyt	Debt Instrument End Of Term Payment Interest Amount DebtInstrumentEndOfTermPaymentInterestAmount	156000	USD
CY2017Q3	vcyt	Debt Instrument End Of Term Payment Interest Amount DebtInstrumentEndOfTermPaymentInterestAmount	0	USD
	vcyt	Debt Instrument End Of Term Payment Interest Amount DebtInstrumentEndOfTermPaymentInterestAmount	0	USD
	vcyt	Increase Decrease In Accrued Liabilities And Deferred Rent IncreaseDecreaseInAccruedLiabilitiesAndDeferredRent	-1091000	USD
	vcyt	Increase Decrease In Accrued Liabilities And Deferred Rent IncreaseDecreaseInAccruedLiabilitiesAndDeferredRent	-1201000	USD
	vcyt	Interest Expenseand Prepayment Penalty InterestExpenseandPrepaymentPenalty	206000	USD
	vcyt	Interest Expenseand Prepayment Penalty InterestExpenseandPrepaymentPenalty	0	USD
CY2017Q3	vcyt	Number Of Major Financial Institutions With Which Cash And Cash Equivalents Deposited NumberOfMajorFinancialInstitutionsWithWhichCashAndCashEquivalentsDeposited	1
	vcyt	Payment Of End Of Term Obligation PaymentOfEndOfTermObligation	288000	USD
	vcyt	Payment Of End Of Term Obligation PaymentOfEndOfTermObligation	0	USD
CY2016Q3	vcyt	Prepayment Penalty PrepaymentPenalty	0	USD
	vcyt	Prepayment Penalty PrepaymentPenalty	50000	USD
CY2017Q3	vcyt	Prepayment Penalty PrepaymentPenalty	0	USD
	vcyt	Prepayment Penalty PrepaymentPenalty	0	USD
CY2016Q3	vcyt	Revenue Percent RevenuePercent	1
	vcyt	Revenue Percent RevenuePercent	1
CY2017Q3	vcyt	Revenue Percent RevenuePercent	1
	vcyt	Revenue Percent RevenuePercent	1
CY2016Q3	vcyt	Revenue Recognized On Accrual Basis RevenueRecognizedOnAccrualBasis	4700000	USD
	vcyt	Revenue Recognized On Accrual Basis RevenueRecognizedOnAccrualBasis	15350000	USD
CY2017Q3	vcyt	Revenue Recognized On Accrual Basis RevenueRecognizedOnAccrualBasis	262000	USD
	vcyt	Revenue Recognized On Accrual Basis RevenueRecognizedOnAccrualBasis	2350000	USD
CY2016Q3	vcyt	Revenue Recognized On Accrual Basis Percentage RevenueRecognizedOnAccrualBasisPercentage	0.75
	vcyt	Revenue Recognized On Accrual Basis Percentage RevenueRecognizedOnAccrualBasisPercentage	0.67
CY2017Q3	vcyt	Revenue Recognized On Accrual Basis Percentage RevenueRecognizedOnAccrualBasisPercentage	0.99
	vcyt	Revenue Recognized On Accrual Basis Percentage RevenueRecognizedOnAccrualBasisPercentage	0.96
CY2016Q3	vcyt	Revenue Recognized Received In Cash RevenueRecognizedReceivedInCash	13903000	USD
	vcyt	Revenue Recognized Received In Cash RevenueRecognizedReceivedInCash	31478000	USD
CY2017Q3	vcyt	Revenue Recognized Received In Cash RevenueRecognizedReceivedInCash	17257000	USD
	vcyt	Revenue Recognized Received In Cash RevenueRecognizedReceivedInCash	50007000	USD
CY2016Q3	vcyt	Revenue Recognized Received In Cash Percentage RevenueRecognizedReceivedInCashPercentage	0.25
	vcyt	Revenue Recognized Received In Cash Percentage RevenueRecognizedReceivedInCashPercentage	0.33
CY2017Q3	vcyt	Revenue Recognized Received In Cash Percentage RevenueRecognizedReceivedInCashPercentage	0.01
	vcyt	Revenue Recognized Received In Cash Percentage RevenueRecognizedReceivedInCashPercentage	0.04
	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of unaudited interim financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Significant items subject to such estimates include: revenue recognition; contractual allowances; the useful lives of property and equipment; the recoverability of long-lived assets; the estimation of the fair value of intangible assets; stock options; income tax uncertainties, including a valuation allowance for deferred tax assets; and contingencies. The Company bases these estimates on historical and anticipated results, trends and various other assumptions that the Company believes are reasonable under the circumstances, including assumptions as to future events. These estimates form the basis for making judgments about the carrying values of assets and liabilities and recorded revenue and expenses that are not readily apparent from other sources. Actual results could differ from those estimates and assumptions.</font></div></div>

Files In Submission

Name	View Source	Status
0001384101-17-000068-index-headers.html	Edgar Link	pending
0001384101-17-000068-index.html	Edgar Link	pending
0001384101-17-000068.txt	Edgar Link	pending
0001384101-17-000068-xbrl.zip	Edgar Link	pending
exhibitb1image.jpg	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
vcyt-09302017xex101.htm	Edgar Link	pending
vcyt-09302017xex311.htm	Edgar Link	pending
vcyt-09302017xex312.htm	Edgar Link	pending
vcyt-09302017xex321.htm	Edgar Link	pending
vcyt-09302017xex322.htm	Edgar Link	pending
vcyt-09302017xq310q.htm	Edgar Link	pending
vcyt-20170930.xml	Edgar Link	completed
vcyt-20170930.xsd	Edgar Link	pending
vcyt-20170930_cal.xml	Edgar Link	unprocessable
vcyt-20170930_def.xml	Edgar Link	unprocessable
vcyt-20170930_lab.xml	Edgar Link	unprocessable
vcyt-20170930_pre.xml	Edgar Link	unprocessable

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$VCYT
VERACYTE, INC. Stock $vcyt

2017 Q4 Form 10-Q Financial Statement

#000138410117000068 Filed on November 07, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VCYT VERACYTE, INC. Stock $vcyt

2017 Q4 Form 10-Q Financial Statement

#000138410117000068 Filed on November 07, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VCYT
VERACYTE, INC. Stock $vcyt