Itaconix Share Discussion Threads

[parob] 02/10/2020 10:18

Once 2p goes this really could shift.Really looking forward to the interims this month.

[core786] 02/10/2020 10:17

Broken out finally

[the ghost who walks] 02/10/2020 07:45

With some new contracts this will move higher, all about revenue.

[elsol] 01/10/2020 20:02

Hi lefrene. I think 10x bagger in 12months is a tad optimistic. Value will correlate with revenues fairly closely and the revenue multiple will widen as ITX go forward with customer acquisition and development BUT I still think 3.0p could well be the year end outcome which is a great uplift in share price for 2020 as a whole....beyond that another doubling in share price seems do-able certainly to 6.0p but visibility on profitable contracts will be the key driver for 2021.

[lefrene] 01/10/2020 17:02

Core786, if it begins to fulfil the 'talk' it should be good for a 10 bagger over 12 months or so, but only if they start to pull in contracts so that breakeven is clearly attainable over the next year, the doubts will subside, and hopefully good growth will follow. But it's the wild west of AiM, and thus far it's been a classic AiM constituent. But never mind, Neil Woodford only lost his clients money.

[geraldus] 01/10/2020 16:42

This is a hot sector and rightly so.No self respecting enviro fund manager would want to be out of ITX.Most instis are restricted by market cap size to be able to purchase though. Itinyconix.

[pugugly] 01/10/2020 16:28

Highest daily volume for 3 months - PI's or an II building a stake or unlading to to PI's after the Proactive interview? Guesses?

[bad gateway] 01/10/2020 14:37

Likely for her diction imo. Ok interview though and good that he recognises they fell short last year.
Looking forward to the interims hopefully quite some improvement going forward.

[rivaldo] 01/10/2020 13:40

For the record. there's a new Proactive interview with JS today:



Not really anything specific to report other than "good progress" in all three core product lines, and there will be an AGM update as well as interims later this month (unfortunately I don't think Proactive's new interviewer was picked for her searching investigative abilities or relevant/company specific questioning....).

[core786] 01/10/2020 08:54

Lefrene........here to make money .......opportunity for nice 50% at least

[lefrene] 30/9/2020 18:47

Talking and burning money for over 5 years shieldbug, with the usual AiM modus operandi of the end of the rainbow just around the corner. It's not the non delivery so much, as the constant pretence on most of AiM, that the crock of gold is close at hand. In the case of this gem, they are utterly beholden upon big industrial players buying their product, they are too small to launch their own products direct to the consumer markets. They might make it through if they can keep going long enough until legislation forces 'green' regulations upon the likes of Unilever et-al. Or the big boys might wait for them to fall off the perch and pick up the ip for small change. One hopes they will start to bring in contracts soon, plenty of them, not just the odd one.

[geraldus] 30/9/2020 16:37

Open access presentation due on 23 October following the AGM.

[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!