Member Info for Elsol

Further, potential chems co. buyers may have greater collective feedstock supply buying power and be able to streamline the operation more readily than a stand alone entity. The intrinsic value of ITX business and assets could be enhanced in the hands of a larger spec chem company that can drive revenues harder die to their own client portfolio. Hence one reason businesses get acquired (synergy value etc) at good premiums.

The business is a volume and scaling opportunity driven by revenue. EBITDA => cashflow generation proxy. If ITX drive revenue hard the value goes, up its that simple, sometimes its better to up-invest to drive revenue harder creating more long-term value and delay underlying "profit" slightly since the future cashflow profile and trade sale exit potential are both higher. I do think folks sometimes get overly focused on near term PBT or PAT. ITX is now highly investible and soon can take on cheaper bank debt or asset backed lending (ABL) which have lower cost of capital. This optimises the capital structure and delivers greater shareholder returns. The good news is we are growing really well with high traction across various products and geographies so it looks like we are chocks away from hence forwards...

We don't always agree Smart but I believe you may be right on this point. ITX Growth is coming through brilliantly now and if it continues it has to attract attention from larger companies with much lower growth wanting a piece of the action. Also ITX is a bricks and mortar business not AI or tech driven, where AI / tech may be at a bubble bursting overvaluation stage. We are certainly not with major upside!!!!

Well done ITX, amazing result above $10m as some of us did predicted. FYI; 👏 John did reach out via email last night so I will personally congratulate him and his entire team for their great work during 24/25 to make this performance happen.

"Hi xxx

Happy 2026.

Following up on my last email, we are now in position to update the market on our 2025 commercial progress.

You will see that we reached some major milestones with our revenues.

Regards

John "

Smashing $ 10m with growing pipeline and increasing geographical presence is great news for all investors - and well done everyone that has held tightly onto their shares. Little bits of further growth and pipeline expansion upside news will drive ITX share price forwards, also given we are close to surpassing portfolio critical mass for breakeven and profit growth thereafter.

Https://www.linkedin.com/posts/itaconix-corporation_itaconix-scaleinhibition-hardwatersolutions-activity-7414304778194948096-QmfM?utm_source=share&utm_medium=member_android&rcm=ACoAABR8lg0BTNEwYrUWN5Mcpi-PZ95MG-pjBHY

If there is a large application in the wings, don't be surprised if there is collaborative scale up financing made available by the new customer. I've seen this before, often in deal + minority equity injection its a win win endorsement for technology raised SP , the investor benefits from rise during announcement.

Festive Post from ITX team:

https://www.linkedin.com/posts/itaconix-corporation_itaconix-fornaturewithnature-happyholidays-activity-7409231352434380800-ans4?utm_source=share&utm_medium=member_android&rcm=ACoAABR8lg0BTNEwYrUWN5Mcpi-PZ95MG-pjBHY

As AJP says, good luck for 2026 rebasing/ right sizing of our SP given acres of room on the upside.

It's very positive he responded personally to the email but clearly cannot give an update before the Full preliminary data is released. My take, I'm with Dougerboy and await 3 half's of strong growth as per prior guidance.

Email update from ITX:

Thank you for sending along your thoughts and comments.

2025 Performance

H2 generally offers some challenges for visibility on full year performance. As you know from our prior investor presentations, November and December are major revenue months for us. We ship significant volumes to support production for brands getting new retail placements for existing products and launching new products in Q1.

Investor Relations

Our share price was hit hard in 2024 from our decision to restructure our customer base for better profitability and long-term growth. We have since reported 2 half-years of growth and will report on another half-year with our FY results. We believe that 3 half-years of strong revenues would put us into a new phase of investor relations that is focused on our long-term path rather than recovering past revenues.

Our shares are also working within the inflow and outflow of funds in the AIM market. Our 2024 results did not help our position within this general AIM market condition. We believe confidence in our growth story will advance and place us in a better position within the AIM market.

Our trading on the US market has offered significant help within our shareholder base by allowing US shareholders the same benefits of holding ITX shares in their portfolios that UK investors receive. We believe this is important to the long-term development of trading in ITX shares.

Performance

I am excited by the progress we are making to achieve our long-term objectives – including the customer restructuring that we did. I appreciate the ongoing support from you and other long-term holders – especially your diligence in monitoring and tracking our progress.

Happy holidays.

That may be good news for us...they need high growth , sustainable perfromance ingredient innovators with diversifying R&D opportunities like you know who. From recollection Croda had a quite high PE multiple ( future growth stock) so they will ideally want that going forwards organically or inorganically.

Ha ha the market makers are looking for shares now by dropping the 3 share sale at 100p. What a predicable scam that is. These guys from MBA schools are incredibly predictable.

Totally agree Dougerboy, hang in there buddy. Everything in the past is a 'sunk cost' but future is where we need to look as its definitely investable for new, new investors or a bit of topping up to cover any losses on the dips for existing LT shareholders. As a few others noted here before 100p (2p) looks to be well oversold territory so the only way is up from there is my semi-professional opinion. I'm waiting on a response from the compamy to my email and will update here on anything coming back but it will have been read and digested....

Totally agree Dougerboy, hang in there buddy. Everything in the past is a 'sunk cost' but future is where we need to look as its definitely investable for new, new investors or a bit of topping up to cover any losses on the dips for existing LT shareholders. As a few others noted here before 100p (2p) looks to be well oversold territory so the only way is up from there is my semi-professional opinion. I'm waiting on a response from the compamy to my email and will update here on anything coming back but it will have been read and digested....

A few of us here have emailed John/Laura to increase the company's RNS newsflow cadence, aligned to various opportunities that present going forwards so no better time in a few weeks from this low SP level - announcing record FY25 revenues close to $10m as advised to the market with a breakeven expectation that will be reiterated by the broker. Performance is a given now since no RNS has been issued to guide the mkt on any undershoot so this strong business growth once announced formally must drive the SP alongside management pipeline updates.

The cleaning trends one is very interesting

I've emailed John and Laura: ITX investor reset - recreating dynamism and shareholder excitement in 2026. Raised shareholder issues and possibility for better external comms and KPIs/milestones that could be RNSed in addition to current activity. I also mentioned the need for better investor marketing in North America to reinvigorate stateside demand given MAGA business alignment. In my view it will only take a few extra newsflows in H1 to get the awaited and overdue/ earned growth momentum running forwards, coupled with imminent proximity to c.$10m revenue milestone getting delivered and breakeven on near horizon.

Meanwhile we are growing at 50% pa. on a very modest / low market cap. so after a good FY25 financial close with near $10m revs. Lets see where SP goes in Q1 -Q2

All looking really positive here for new investors onboarding...Will be interesting to get the 26/27 F Outlook and next Broker update. EV/Rev multiple of say 2.5x looking attractive with around $10m revs and with forward 1 year at c.1.7x. At some point ITX SP has to track with the underlying business size and growth getting delivered which makes for an exciting journey for investor newbies coming on at this base price. This is what we need an injection of new new shareholders.

If no news, it's good news really - it means ITX have smashing it in 2025, with massive revenue growth close or at $ 10m exit for the full year as they advised the market! LOL

all go in itx's engine room i see and quickly back to work after thanksgiving holiday. they seem pretty charged up leveraging their nice professional and s****y web site driving new client traffic and inbound technical query calls.