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Itaconix - Gaining global reach

Itaconix PLC (LON:ITX) designs and manufactures functional polymers for applications in consumer and industrial products. The company creates new products through its proprietary polymerisation process that uses Itaconic acid, which is a bio-based building block produced by fermentation using corn as a source of sugar. There are three major areas of commercial focus in the 2019-2020e timeframe: non-phosphate detergents, odour control, and hair-care.

Following a deal announced with Nouryon on 28 February in the hair-care and personal care space, Itaconix now has global blue-chip players as commercial partners across all three of the focus product areas. In this report, we examine the three focus areas, the scale of those market opportunities, and the revenue potential for Itaconix through to 2021e.

Executive summary

Looking further forward, Itaconix has a vast addressable market with product segments adding up to many US$ billions. In this report, we consider the potential growth trajectory for Itaconix and the implications for share valuation. We believe that 2019 represents an important year in terms of validating the growth strategy and demonstrating the long-term value potential of the company's polymer technology.

Quick facts: Itaconix PLC

Price: 1.55 GBX

AIM:ITX
Market: AIM
Market Cap: £4.17 m
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What's in the report?

Financial results and forecasts
Growth drivers
Management
Market conditions
Milestones & inflection points

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Itaconix PLC in 'important commercial ramp-up phase' - Proactive Research...

Proactive Research analyst Ed Stacey gives his take on Itaconix PLC's (LON:ITX) trading update for the financial year to 31 December 2019. Stacey says the firm's reported revenue growth of 78% for the first three quarters of the year however, delays in some customer projects will mean that...

1 day, 16 hours ago

14 min read