Itaconix Share Discussion Threads

[purchaseatthetop] 16/3/2024 16:50

Lefrene. The thing to do is remove the formulation revenue and only look at the product revenue.

6 months ended

30/6/23 $2.949m rev $1.025 gross margin 35%
31/12/22 $2.156m rev $697k gross margin 32%
30/6/22 $2.452m rev $711k gross margin 29%

We know full year revenue is $7.9m and H1 was $4.032m all included so that means H2 was $3.9m incl formulation. The question is how much of that $3.9m was product and has the gross margin continued rising.

[lefrene] 15/3/2024 08:45

Back on the bike this am.

Lets hope they maintain those margins Parob, and don't start giving too much away in return for volume.

I suppose it's a fine balance, one doesn't want to sell too cheap, but at the same time if the margins are too juicy another outfit will think it worth the investment to create competing products.

Lets see if ITX get a takeover offer :¬)

[parob] 15/3/2024 08:32

12/9/23 RNS-- Gross profit margin was 28% compared to 25% for the first half of 2022. Gross profit margin on Performance Ingredients was 34% compared to 29% for the first half of 2022. This improvement in gross profit margin was due to selective price increases, stable raw material costs, lower transportation costs, more favorable USD exchange rates, a more favorable blend of product and account revenues, and higher volumes.

[purchaseatthetop] 14/3/2024 11:29

Might be when we can see how much of the recent reported revenue rise is the low margin about 7% product supplies. Not clear yet how much of the growth is higher margin real final product sales. Very good to see the recovery though.

[lefrene] 14/3/2024 11:22

MMs shaking out a bit of stock to sell for a better price this pm? :¬)

imo, got to be worth 500p now.

[elsol] 14/3/2024 08:55

Hi solaris. FYI... See chat on London SE Board about ITX polymeric based technology relative to basic itaconic acid used more generically in the chemicals industry.

[solaris5] 13/3/2024 17:41

Hello all. Has this above been seen before? Itaconic patent by Unilever for a hair care product. I am a bit confused. I'm no expert on patents but can tell it has not been granted. Is this competition to ITX?

[lefrene] 13/3/2024 13:43

Will USA buyers get us to £5 already? 12.5p in old money, not asking a lot considering how this has gone from a perennial panhandler, to being in bed with the great and awful!

[gurunostradamus] 13/3/2024 13:25

Thanks db.

[dougerboy] 13/3/2024 13:07

No daft questions in my book guru. Here is the answer: Sodium Polyitaconate know as velasoft IS a patented Itaconix product hxxps://puracy.com/blogs/ingredients/sodium-polyitaconate

[gurunostradamus] 13/3/2024 12:44

Just asking a stupid question - what makes everyone think that Unilever have ITACONIX ingredients within their product- apart from the use of sodium itaconate? What if this has developed by Unilever or third party?

[lefrene] 13/3/2024 12:15

Yes & yes.

[iomdm] 13/3/2024 12:01

Would £25 be the same as 50p before the consolidation. I can't recall, was it 50 to 1

[lefrene] 13/3/2024 10:51

It's seriously undervalued imo. If Unilever are using this tech then it's going to be mainstream, it's just a matter of how many other suppliers are out there with their own patented solutions.

Now we need the EU to outlaw phosphates in domestic products, and ITX goes from being hot property, to very very hot property. Maybe we have to build that new plant in Europe close to a Unilever facility, and then Uni can give the nod to it's kept persons in Brussels?

Also seeing Unilever as an end user will surely bring tech funds turning their avaricious eyes onto this minnow. A few bright young things doing their 'future value' calculations, and get the value somewhere close to the potential represented by the patents, and the 'sticky' nature of the product.

Lets move the bet to £25 :¬) lol. Who knows, but it's cheap, it has legs.

[mjb252] 13/3/2024 10:33

I think you are neglecting market sentiment in that statement. Most AIM shares are no where near 2021 levels. A poor benchmark to refer to

[parob] 13/3/2024 10:28

Oh and we now have Unilever confirmed as a client. Absolutely nothing to get excited about.

[parob] 13/3/2024 10:27

We shouldn't get too excited. We are only up 100% in a month.

[dexdringle] 13/3/2024 10:24

We shouldn't get too excited. After a further two years development we are still only back to where we were two years ago. Not exactly Christmas still is it ?

[jpuff] 13/3/2024 09:47

As I said 15

[lefrene] 13/3/2024 09:42

Parob, if Unilever are using ITX, presumably some of the other big hitters are too, or will soon follow? I just hope Mr Shaw doesn't allow himself to be bullied into giving away too much margin in exchange for volume. People only value what they have to pay for, start piling it high to sell cheaper, very much sends the wrong message to the rest of the market, and pretty soon you find yourself being 'owned' by your clients. Talk to any farmer about how the big supermarkets operate!

ITX has patents, they need to get full value from those patents for as long as possible.

[parob] 13/3/2024 09:36

The Unilever find appears to have got the market excited.

[lefrene] 13/3/2024 09:16

Good to see the price getting back towards a more sensible valuation. Considering the great strides made over the past couple of years, and the growth prospects, we should surely be worth £50 million now?

It ain't going bust, good margins, very sticky clients, and new products to address a huge essential market.

[lefrene] 13/3/2024 08:45

If Unilever are making a big deal of going carbon free, then the other big hitters have to follow suit.

Now if you were one of the big boys and could see an off the shelf opportunity, quick start into 'green'. Would it be smart to buy it, and then deny your competitors access to the tech? All's fair in business wars :¬)

Hmm, imagine the big boys fighting over getting to own ITX!