Itaconix Share Discussion Threads

[core786] 30/9/2020 11:03

I agree..........free county ......free markets .......blah blah....

[shieldbug] 30/9/2020 09:50

Meaningless AIM bashing. If you don't want to invest in AIM - don't.

[pugugly] 30/9/2020 08:06

Results published but (imo) too historic to be of any real use in forming any forward view - Must wait for the interims.

[thordon] 29/9/2020 22:04

The point was that lefrene was complaining about delayed result when we already have a inside point of basic figures.
The Company did not have to release that information early , but it helps

[rogerramjett] 29/9/2020 21:21

thats correct. Not expecting too much from tomorrow's full year results.

Interims may be more detailed but these are 9 months old now. May be a little detail in the outlook but they should save something for the interims which will be more up to date.

[the ghost who walks] 29/9/2020 19:31

We know part of the interims, not the full detail, and we don't have annual accounts although we do know the figures.

[thordon] 29/9/2020 19:06

We already know the full year account and the first half Interims.

Wed, 22nd Jul 2020 07:14

RNS Number : 6852T
Itaconix PLC
22 July 2020

22 July 2020

Itaconix plc ("Itaconix" or "the Company")

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.



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."



1 Loss before interest, tax, depreciation and amortisation



Ends

[core786] 29/9/2020 11:24

..........let’s see what they have to say end of OCTOBER

[lefrene] 29/9/2020 10:28

You'd best ask Neil Woodford about "tolerance", and what he thinks about a company that's been promising and burning money, but not delivering for over 5 years! The directors keep rewarding themselves though, perhaps you are one of them, because they certainly do need apologists. Oh, and don't forget the classic touch of much overdue accounts. They are supposedly much closer to delivering some sales, but since the last cash raise, the only thing that happened quickly was that the directors put themselves back on full salary!

[shieldbug] 29/9/2020 09:31

Typical whinging AIM investor? Too much risk not enough tolerance.

[lefrene] 25/9/2020 18:53

Typical AiM stock, talking but not walking. One would like to hope that they are delaying poor results, in order to announce a new deal to soften the blow. But hope never paid the rent.

[the ghost who walks] 25/9/2020 18:26

Selling off again, thanks for the delayed results!

[lefrene] 20/9/2020 20:53

But so far a typical AiM company, long on the talk and way behind on the actual delivery, especially with tedious irksome things like accounts! A pity there isn't a rule that prevents directors getting paid until the accounts are up to date. That should apply to the gravy train in Brussels too!

[geraldus] 20/9/2020 20:32

Very interesting video.ITX punching above its weight,all to play for.

[thordon] 20/9/2020 19:34

In any case rogerramjett this company for the first time is looking at a break-even in next two years , the products they have are on hold and the nearer we get to profit the more they open the door to releasing there other products on hold.

hxxps://youtu.be/xPVEyYlgDq8

Worth watching especially from 8.13
$10B market?

Imagine this could be a top 100 company if all goes to plan in 10 Years

[rogerramjett] 20/9/2020 17:24

I get your point. You assume that revenues are recurring on a monthly basis. If that is the case then it is possible that annual TO may be over £4m this year. That is not the projection however. I believe this is £2.2m

We shall see bt the end of October.

Next year is projected to be over £4m. It is possible that with revenue of this level we could se break even.

[thordon] 20/9/2020 11:04

What we do know

First 4 Months turnover was 0.6 Million a increase of 42% compared to last year period
First 6 Months turnover was 1.1 Million a increase of 80% compared to last year period

Compared to 2nd half is 62% increase

Cash at 30th June £2.7 Million

So in the first 6 months this year we have equalled the same turnover as last year

So if we turnover £0.5 Million in 2 months ( May , June ) then if this was to stay the same .
We could expect at turnover of £4.2 million and very close to break even.

Any input regarding this would help

[thordon] 19/9/2020 10:48

Itaconix plc ("Itaconix" or the "Company")

Notice of Results

Itaconix (LSE:ITX) (OTCQB:ITXXF) announces that the Company will publish its annual report for the year ended 31 December 2019 on 30 September 2020.

The Company also announces that it expects to publish its half yearly report for the six months ended 30 June 2020 by 31 October 2020. The publication date utilises the permitted extension of up to one month to complete and announce half yearly reports, as per the guidance set out in 'Inside AIM' dated 9 June 2020.

[the ghost who walks] 19/9/2020 07:30

Errrr they need to publish results and an annual report, they are a listed company. Fulfilling orders didn't stop the trading update in July.

[shieldbug] 16/9/2020 20:16

Its a small business. They need to get orders out the door for heavens sake. Do you want them feeding you information or do you want business that focuses on its customers. Jeeeeez!!!!

[rogerramjett] 15/9/2020 09:40

I would put it down to dealing with COVID 19 as a business. Focus has changed for many companies.

[lefrene] 15/9/2020 08:18

Delayed results with no explanation, classic AiM behaviour.

[rogerramjett] 15/9/2020 08:18

I think they have all been through it. I also think they have seen an up tick business and perhaps focussed on getting back on track. They did provide an update in June/July. It is whats happened since I am interested in. I think it will be good news when it comes.

[the ghost who walks] 15/9/2020 08:15

Somewhat strange to delay the interims and not provide an update while doing so on trading performance I think