Itaconix Plc Share News (ITX)

UK shareholder meetings calendar - next 7 days

Itaconix launches two new plant-based ingredients for detergents

(Alliance News) - Itaconix PLC on Monday said it has launched two new ingredients for household detergent formulations.

Itaconix launches two new ingredients

(Sharecast News) - Plant-based polymer specialist Itaconix announced two new ingredients on Monday, designed to enhance the performance of household detergent formulations.

EARNINGS: Mobeus VCT has good 2023; Itaconix, Engage XR narrow losses

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News:

UK earnings, trading statements calendar - next 7 days

Itaconix sees financial hit as fails to seal deal with major client

(Alliance News) - Itaconix PLC on Tuesday warned sales and adjusted earnings would be below management's previous expectations after it failed to agree terms with an existing customer.

Itaconix shares soar as hails record annual revenue growth

(Alliance News) - Itaconix PLC on Tuesday said customer wins contributed to a jump in its annual revenue.

AIM WINNERS & LOSERS: Itim jumps on multi-million pound Quiz contract

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

Itaconix achieves 'another record year of revenues'

(Sharecast News) - Plant-based polymers manufacturer Itaconix said on Tuesday that it had achieved "another record year of revenues" in 2023, sending shares skyward in early trading.

IN BRIEF: Itaconix forecasts 2023 revenue growth as margins improve

Itaconix PLC - London-based company that uses its plant-based polymer technology platform to produce and sell specialty ingredients that improve the safety, performance, and sustainability of consumer products - Reports that year-to-date revenue in 2023 is ahead of the same period in 2022. Revenue for the full-year is expected to be at least USD7.7 million, with 2023 earnings expected to be in line with current market expectations. Also says gross profit margins have improved, supported by higher volumes from smaller accounts and beauty products.  Looking ahead, notes that revenue expectations are revised to USD9.5 million or more for 2024 and USD12.5 million or more for 2025, with no change to earnings expectations. In 2022, Itaconix reported revenue of USD5.6 million.

Itaconix eyes progress as interim loss narrows and revenue climbs

(Alliance News) - Itaconix PLC on Tuesday emphasised that it is on a path of progress as it reported a narrowed interim loss and higher revenue.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Itaconix shares up on record first-half revenue performance

Itaconix PLC - London-based company that uses its plant-based polymer technology platform to produce and sell specialty ingredients that improve the safety, performance, and sustainability of consumer products - Achieves "record" revenue in the first half of 2023 at USD4.0 million. This represents 32% growth against the first half of 2022 and 58% growth against the second half of 2022. Adds that 2023 first-half revenue is 72% of full-year revenue for 2022 and more than double full-year revenue for 2021. Overall gross profit margin for the first half exceeds that of the whole of 2022 due to higher product volumes and more stable raw material costs, the company says.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Itaconix annual loss widens as costs rise; revenue jumps

Itaconix PLC - New Hampshire, US-based speciality polymer developer - Posts revenue of USD5.6 million for 2022, up from USD2.6 million in 2021. Says the rise in revenue is driven by success in the cleaning segment in North America and Europe. However, pretax loss widens to USD2.5 million from just USD448,000 a year earlier, as cost of sales grows just as rapidly to USD4.1 million from USD1.9 million and administrative expenses rise to USD3.8 million from USD2.9 million. Adjusted loss before interest, tax, depreciation and amortisation is USD1.4 million, narrowed from USD1.6 million the year earlier. Looking ahead, Itaconix says it approaches the future with more commercial progress, resources, potential, and "more optimism than ever before".