Itaconix Share Discussion Threads

[the ghost who walks] 22/7/2020 08:40

The 20mln pipeline really the new info for me. The extra month revenue of 0.2 not really that exciting and it's only a month, given prior month increases 0.4. Think current state is probably around 2.8 to 3.0 per annum revenue run rate. If we can convert some of that 20mln into deals we will get lift off.

[the ghost who walks] 22/7/2020 08:32

Agree it's the max, but say 10-20% converts that's still decent. Would love to know that is stuff that is actually being discussed now.

[ewanwhose] 22/7/2020 08:29

That is exciting but will be the max of everything they are talking to everybody about and it doesn't stack up against the suggestion that they only have cash to last to end 2021.

[the ghost who walks] 22/7/2020 08:08

This bit - is he indicating that the current pipeline is 20mln?I am particularly encouraged by our progress at converting our detergent project pipeline with aggregate annual revenue potential of $20 million into new customer product launches, including the volumes under the New Wave detergent polymer agreement

[parob] 22/7/2020 07:33

Happy with that. Plenty of upside potential with the market cap under £6M.

[daveboy1] 22/7/2020 07:29

Very encouraging update - full steam ahead ....

[rivaldo] 22/7/2020 07:26

Well, well...another good trading update today.

Revenues for H1 were $1.1m, but ITX achieved $0.2m revenues in the last month, so the run rate is increasing nicely and is now at $2.4m per annum.

Plus ITX have $2.7m of cash in hand now.

Very encouraging commentary too:



"Volumes and revenues increased from new and recurring orders in detergent, odour control, and personal care applications. Significant revenue growth has come from customers successfully launching new dishwashing products using Itaconix formulas based on the Company's new TSI 322 detergent polymer. In addition, several existing customers have increased the size of their recurring orders during the year partly to satisfy increased consumer buying related to stay-at-home practices in response to Covid-19. The Company has increased production rates to keep up with anticipated demand across an increasingly diverse customer base."

"John R. Shaw, CEO of Itaconix, stated: "Our proprietary polymers are validated as essential ingredients in a growing range of consumer products based on performance and sustainability. With demand increasing for all of our products and a $2.2 million fundraise completed, we are entering the second half of 2020 on a new revenue trajectory with a strong balance sheet. I am particularly encouraged by our progress at converting our detergent project pipeline with aggregate annual revenue potential of $20 million into new customer product launches, including the volumes under the New Wave detergent polymer agreement. Our revenue opportunities are expanding, and we look forward to the future with growing confidence."

[pugugly] 22/7/2020 07:26

Steady as she goes - JS playing it as is is - Slightly slower growth than I expected but hopefully sufficient runway

[elsol] 22/7/2020 07:25

RNS THIS MORNING; Itaconix Grows Revenues 80% in First Half 2020

Itaconix (LSE: ITX) (OTCQB: ITXXF), a leading innovator in sustainable specialty polymers , is pleased to announce the following trading update for the half year to 30 June 2020.

Further to previous updates, the Company has continued to enjoy improved momentum with strong demand for its range of specialty polymers. Unaudited revenues for the first six months of the year were $1.1 million, representing circa 80% growth over the equivalent period in 2019 and circa 62% over the second half of 2019. As a result of the increase in revenues, unaudited LBITDA(1) has decreased in line with management's expectations.



Volumes and revenues increased from new and recurring orders in detergent, odour control, and personal care applications. Significant revenue growth has come from customers successfully launching new dishwashing products using Itaconix formulas based on the Company's new TSI 322 detergent polymer. In addition, several existing customers have increased the size of their recurring orders during the year partly to satisfy increased consumer buying related to stay-at-home practices in response to Covid-19. The Company has increased production rates to keep up with anticipated demand across an increasingly diverse customer base.



Net cash balances as at 30 June 2020 were $0.5 million with the Company's recent $2.2 million fundraise, completed after 30 June, not reflected in this total. The net proceeds from the fundraise are expected to provide sufficient funding for the Company until at least the end of 2021, during which the Company expects to make significant progress towards its medium-term plan to achieve break-even profitability.

[rivaldo] 21/7/2020 11:12

ITX are presenting to Proactive from 6.00pm on Thursday along with others - register here:

[lefrene] 18/7/2020 11:34

I guess they have better odds than Mr Woodford at coming good.

[pugugly] 18/7/2020 11:23

rivaldo - Thanks for 3155 - I was wondering who were WB Nominees - Good to know it is Walter Crips -
Be interesting to see if further holdings rns out next week as to whether IP Group - Guy Broadbent etc have participated or not (number of shares issued should trigger an rns) or any other new investors on board.

[core786] 18/7/2020 10:49

I hope you’re right elsol, I have put a reminder on my phone 3p 31.12.2020.
Good luck to all invested here.

[elsol] 18/7/2020 10:09

Excellent to see two additional specialist investment managers with new investments of approx 11% shareholding in total. PIs should take alot of confidence from this as to the expected travel of the share price in the short to medium term (up to 3-4yrs). Great to see. Im still expecting 3p by dec 31st as I previously mentioned then onwards from there. :=)

[lefrene] 17/7/2020 17:11

I presume they took part in the recent cash raise, and will have done some behind the scenes due diligence. So bring on the sales contracts, or get snapped up by Unilever.

[davidspringbank] 17/7/2020 16:56

Very positive, if you ask me. I've bought 100,000 at £0.0134p.

[daveboy1] 17/7/2020 16:13

sic - hoi polloi (us commoners).

[lefrene] 17/7/2020 15:35

Thank you rivaldo, neither company seem to have had an existing or previous holding?

One hopes they know bit more behind the scenes than the hoi poloi.

[rivaldo] 17/7/2020 13:53

..and Octopus Investments now have 4.95% of the shares, or 21.39m shares:

[rivaldo] 17/7/2020 13:00

Walker Crips now have 6% of the shares in issue, or 25.9m shares:

[lefrene] 16/7/2020 17:14

Heavens! you mean trade? Well really, how common, trade is just so grubby my dear, quite beyond the pale and not to be talked of in polite circles, we professional scientists in our white coats are much cleverer than that you know.

Yeah, they really do need to get out there and sell lots of something, any wretched thing.

[waxlyricals] 16/7/2020 14:36

Now we need sales info and we need it asap

[parsons4] 16/7/2020 09:52

PUGUGLY yes skin in the game, I have traded these and been watching them for the last few years. Yesterday I finally managed to buy a reasonable holding at 1.2p, it is a good story with serious management. GLA

[pugugly] 15/7/2020 16:13

Full Schedule to reinforce rivaldo post - Directors really have significant skin in the game - I LIKE IT - We are aligned.


Number of Percentage
Number of Ordinary Shares of Enlarged
Number of Second Placing held Share Capital
Existing Ordinary Shares subscribed on Second on Second
Name Shares for Admission Admission
-------------- ------------------- ------------------- ------------------ ---------------
John R. Shaw 33,894,915 10,181,818 44,076,733 10.19%
------------------- ------------------- ------------------ ---------------
James Barber 1,466,818 1,090,909 2,557,727 0.59%
------------------- ------------------- ------------------ ---------------
John Snow
III 1,849,568 727,273 2,576,841 0.60%
------------------- ------------------- ------------------ ---------------
Bryan Dobson 583,500 454,545 1,038,045 0.24%
------------------- ------------------- ------------------ ---------------
Laura Denner 6,696,535 5,454,545 12,151,080 2.81%
------------------- ------------------- ------------------ ---------------