Itaconix (ITX)

Sector:

Industrial Chemicals

Index:

FTSE AIM All-Share

 145.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 263.00
  • 52 Week Low: 114.00
  • Currency: UK Pounds
  • Shares Issued: 13.49m
  • Volume: 0
  • Market Cap: £19.55m

Itaconix accelerates FY revenue growth

By Iain Gilbert

Date: Thursday 09 Jan 2020

LONDON (ShareCast) - (Sharecast News) - Specialty polymers manufacturer Itaconix told investors on Thursday that revenue growth had accelerated in 2019 and said it now expects underlying losses to be in line with expectations.
Itaconix reported unaudited revenues for the year of £1.1m, representing 59.6% growth over 2018, which the group said reflected growing commercial validation of its products and consistent progress made with customer projects across all of its products and application areas.

Net cash balances as of 31 December 2019 were £600,000 - including £130,000 in research and development tax credits received ahead of expectations before the year-end.

Chief executive John Shaw said: "Our ingredients have unique value that offer performance, cost, and sustainability advantages for the next generation of products used in everyday applications.

"Our pipeline continues to strengthen as we maintain our focus on accelerating key revenue opportunities in the first half of 2020."

As of 1005 GMT, Itaconix shares were down 4.55% at 1.57p.

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Itaconix Market Data

Currency UK Pounds
Share Price 145.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 263.00
52 Week Low 114.00
Volume 0
Shares Issued 13.49m
Market Cap £19.55m

Itaconix Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
18.21% below the market average18.21% below the market average18.21% below the market average18.21% below the market average18.21% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
29.58% below the market average29.58% below the market average29.58% below the market average29.58% below the market average29.58% below the market average
17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average
Income Not Available
Growth
50.56% above the market average50.56% above the market average50.56% above the market average50.56% above the market average50.56% above the market average
64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average

Itaconix Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

Itaconix Key Personnel

CEO John Shaw
CFO Laura Denner

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