Company
Itaconix PLC
LON:ITX
Itaconix PLC uses its proprietary plant-based polymer technology platform to produce and sell specialty ingredients that improve the safety, performance, and sustainability of consumer products. The company's current ingredients are enabling and leading new generations of products in detergents, hygiene, and hair care. Itaconix's products contribute to the global low carbon economy.
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Itaconix plummets as supply disruptions and higher input costs hit full-year results
Revenues fell to US$2.6mln from US$3.3mln and underlying losses widened to US$1.6mln from US$993,000
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Itaconix is the world leader in developing and producing bio-based polymers from itaconic acid
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Itaconix appoints sales and marketing boss
Manning has a track record of generating demand for speciality materials and is well versed in engaging with customers on new product formulations
Itaconix building strong base of recurring revenues as it heads towards profitability
The expanding foundation of recurring revenues is creating a strong base for continued revenue growth toward the company's goal of sustainable profitability
Itaconix says it has the “commercial momentum and operations in place for continued strong revenue growth"
“We exited 2019 as a lean commercial operation with a growing base of customers and recurring revenues from our direct success in detergents and our blue-chip collaborations," added chief executive John Shaw
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Itaconix sees improved momentum in its first-half with strong demand for its range of specialty polymers
The specialty polymers group said unaudited revenues for the first six months of the year were US$1.1mln, representing around 80% growth over the equivalent period in 2019
Itaconix completes oversubscribed fundraising to boost portfolio development
The polymer specialist also said it had continued to make commercial progress in the first five months of 2020, with revenues in the period 91% higher year-on-year
Itaconix receives loan under US small business scheme
The US government programme is designed to help businesses keep their workforce employed during the coronavirus (COVID-19) crisis
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Itaconix makes headway in cost-cutting drive
Order volumes from existing customers have increased in response to higher demand for dishwashing detergents related to stay-at-home orders issued by governments
Itaconix battens down the hatches
It will maintain production, but reduce costs, negotiate payment terms and is assessing asset sales as well considering whether to maintain its AIM listing
Itaconix inks agreement for biodegradable packaging venture
"This collaboration is an important step for us to assess the commercial potential of our initial BIO*Asterix additives,” said John Shaw.
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Itaconix bags second European customer for detergent ingredient
Itaconix CHT 122 allows formulators to meet increasing consumer and commercial demands for sustainable products without compromising on cost or performance.
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Itaconix inks new supply and license agreements with New Wave
The agreement is for a new dishwasher formula that uses the company's TSI 322 detergent polymer and is expected to be rolled out later this year
Itaconix unveils new functional additive that can enhance biodegradable plastics
Developed over the last three years, the BIO*Asterix range can be used across a number of product areas, the company said
Itaconix surges as it unveils new detergent polymer
The new polymer is designed to achieve “excellent performance” while replacing ingredients to deliver cost savings and more compact and sustainable products
Itaconix and Nouryon terminate chelates agreement
Itaconix and Nouryon have mutually agreed to call time on Nouryon's exclusive distribution rights in this particular area but continue to work together in other areas.
Itaconix sees sharp increase in revenue in 2019
Itaconix's proprietary polymer technology generates new ingredients with unique functionality that meet consumer demands for value and sustainability.
Itaconix says US Patent and Trademark Office formally issues new patent to it for the composition of detergents
The new patent provides an additional layer of intellectual property protection for the unique value of Itaconix polymers in non-phosphate automatic dishwashing detergents
Itaconix delivers first order to Croda International under expanded agreement
In October, the two companies added ZINADOR 35L to their existing supply deal for the ZINADOR 22L product line
Itaconix surges as it begins trading on US OTCQB market
CEO John R. Shaw said the move into the US markets will benefit all shareholders as the company has already “generated strong interest and steady support from US-based investors”
Itaconix expands global supply agreement with Croda
The polymers specialist will receive a US$60,000 milestone payment in exchange for adding ZINDOR 35L, a concentrated odour neutraliser, to the existing product line
Itaconix says project delays weigh on performance, but remains upbeat on prospects
"While project delays can be rather frustrating, our commercial momentum continues to build, we remain confident about our outlook, and our future remains equally bright," said chief executive John Shaw
Itaconix recognised as among “top 50 companies to disrupt the world”
The honour was bestowed by Biofuels Digest, which calls itself the world’s most widely read biofuels daily
Itaconix interim sales and profits jump on strong demand for polymers
“With our restructuring fully completed, Itaconix is in a key stage of broad-based long-term revenue growth and value creation,” said chief executive John Shaw.
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Itaconix promotes finance and operations director to CFO role
Laura Denner joined Itaconix as its financial controller six years ago, and she has now been promoted to the top finance job in the company
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Itaconix on track to meet full-year expectations after a solid first half
The company is a specialist in sustainable polymers used in detergent, odour control and hair styling
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Itaconix expects to better last year’s 20% revenue growth in 2019
The top-line jumped by 20% last year, but chief executive John Shaw believes Itaconix is on track to generate “stronger revenue growth” in 2019
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Serco has already flagged that it expects its strong order intake to boost revenue in 2019 after several years of declines.
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Itaconix rises as it nets £242,000 from sale of stake in nicotine gum maker
The AIM-listed firm, which makes specialised polymers, said the proceeds of the sale would be added to its cash reserves and used for future working capital
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Itaconix receives first purchase order from Nouryon for personal care polymer
The company said that its own-brand version of the polymer, RevCare NE100S, would be withdrawn from the market while accounts and projects using the brand would be transferred to Nouryon and its new Amaze SP product