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Itaconix set to 'continue with progress made this year through to next year'

Itaconix PLC's (LON:ITX) John Shaw talks to Proactive London about their first half of the year performance which saw the company’s chemistries used more by major brands in everyday products.

He says as revenues increase, they are 'really narrowing losses down' towards goals of reaching break even and beyond'.

Shaw is expecting the next half to be stronger, and build upon the progress already made, which saw revenues in the six months to the end of June 2020 shoot up 80% to $1.1m from $604K in the first half of 2019.

 

Quick facts: Itaconix PLC

Price: 1.95 GBX

LSE:ITX
Market: LSE
Market Cap: £8.43 m
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Itaconix reports 'dramatic turnaround for the direction of the company'

Itaconix PLC's (LON:ITX, OTCQB: ITXXF) John Shaw talks to Proactive London's Katie Pilbeam about their 2019 results which revealed sales rose 46% to $1.3mln, while gross profits were up 221% to $450,000. Shaw notes how despite their 'tremendous pipeline' revenues for the end of last year were...

on 1/10/20

2 min read