Itaconix PLC (AIM:ITX, OTCQB:ITXXF, FRA:18G0) shares soared in Friday morning's trade, rising 18% to 138.65p, after the company lifted its 2026 revenue outlook after first-half sales jumped 72% to a record $8.3 million, driven by growth across its main product segments.
The plant-based polymers specialist now expects full-year revenue of at least $14.8 million, compared with the $13.3 million analyst forecast cited in its statement.
It maintained guidance for a small positive EBITDA despite continued investment in staff and product development.
First-half revenue was also 46% higher than the $5.7 million generated during the second half of 2025. Gross margin is expected to remain at 36%, supported by raw-material and supply-chain management.
Growth reflected repeat orders from existing detergent customers, a new unit-dose dish detergent customer in Europe and a new laundry detergent customer in North America. Increased use of its SPARX formulations also contributed.
In the year-to-date, the shares are up 41% as the company has gained commercial traction for its products.
