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Itaconix PLC 'growing revenues and on a pathway to profitability' - analyst Ed Stacey

Proactive Research analyst Ed Stacey says the biggest driver behind Itaconix PLC's (LON:ITX) recent growth in revenues has been increased demand for its polymers which are used in home detergents and cleaners.

The firm grew revenues by 42% in the first four months of 2020 - continuing the level of growth achieved in FY 2019.

Stacey says the market for its polymers is highly active from the stay-at-home restrictions under the COVID-19 crisis, and Itaconix continues to gain market share.

Quick facts: Itaconix PLC

Price: 1.35 GBX

LSE:ITX
Market: LSE
Market Cap: £5.84 m
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Itaconix PLC - Proactive One2One Virtual Event

Itaconix PLC's (LON:ITX) (OTCQB:ITXXF) John Shaw presents to investors at the Proactive One2One Virtual Conference. Itaconix PLC aims to be a leader in functional polymers that improve the safety, performance and sustainability of our customer’s products.

1 week, 4 days ago

2 min read