Member Info for Jarv55

They cut costs by 2.2 million per year if I remember rightly have skin in the game and have Global reach for their products its just a matter of patience.

4mc
As a result, unaudited revenues for the first half of 2019 grew to £0.5 million, which reflects a 59% increase over the same period in 2018 and a 33% increase compared to the second half of 2018. First half revenues also represent 72% of revenues for the previous full year.

Unaudited EBITDA was a loss of £1.0 million, compared to a loss of £2.4 million for the same period in 2018 and a loss of £1.4 million for the second half of 2018. These reduced losses reflect the success of the Company's efforts to reduce the overall cost base while growing revenues.

Net cash as at 30 June 2019 was £1.5 million. Net cash as at 31 December 2018 was £2.1 million.

In addition to increased revenues and reduced EBITDA losses, the Company achieved important commercial milestones to support continued growth:

· Completed two global supply agreements with Nouryon for Itaconix detergent and hair styling polymers;

· Delivered the first purchase order of Itaconix® CHT� 122 for use in a European non-phosphate automatic dish detergent; and

· Completed the divestment of its legacy nicotine gum business with the sale of its interest in Alkalon A/S for £0.2 million.

With this first half financial performance and commercial progress, the Board believes the Company is currently on track to meet market expectations for the full year.

John Shaw owns 12.6% of the company would like to see an updated share register to see who else is still holding.
https://www.lse.co.uk/rns/ITX/itaconix-plc-pdmr-shareholding-ozj8gptbjhbebtm.html

nomlungu the company is in a far better position today than when it rose to 8p

Sam just remember why you bought in the first place it was 4p before Woodford had to sell I am sure it will get there again.

kiwi someone else has been buying in 200k and 500k clips

Sam it will fly when the overhang clears directors took a fair bit at 1.1 to average down.

This is why the price isn't moving its churning those shares https://twitter.com/Smudgedann/status/1161970959131336704

Chilting we do know what has happened Woodford is out they did a book build to take the woodford shares with brokers should of got a Tr1 not sure why the company hasn't rnsed a Tr1 yet or info on the bookbuild bit odd.

Price is building a base nice bit of bullish divergence on the daily chart https://twitter.com/Jarvy55/status/1163353763844886528

Surprised we haven't had an rns yet

Chumba might show n Nex

have a read http://itaconix.com/wp-content/uploads/1806-ITX-Roadshow-Presentation-FINAL.pdf

Cyberbub wouldn't out rule Croda taking an interest.

Trout have a read https://www.registercypruscompany.eu/2017/05/25/key-benefits-company-formation-cyprus/

https://www.stocktube.com/companies/news/314133/itaconix-looking-to-scale-the-business-now-the-foundations-are-in-place-14133.html

OutlookPresenting a new claim on end-product packaging often requires extensive testing to substantiate the claim, especially the first time a new ingredient is used. From automatic dishwashing detergents and carpet cleaners to hair shampoos and aluminum-free deodorants, our polymers have gained initial use or are under evaluation in a broad range of potential consumer products. Through our own work and the interest of our partners in the functional advantages of our polymer ingredients, we expect a steady stream of projects will advance to strong revenue growth for our current products. As noted above, for example, we reported the first use of our Itaconix® CHT™ polymer in a European automatic dishwashing detergent. I look forward to reporting on other new customers emerging from our project pipeline. Beyond our key focus on higher revenues from current products, we do have an extensive portfolio of novel chemistries with potential for new products. We continue to assess these chemistries for functional advantages that can meet major consumer needs. For example, we have bio-based superabsorbents that may not necessarily compete directly on cost and performance against current petroleum-based superabsorbents, but may offer functional advantages for use in certain hygiene applications. We are also investigatingfunctional additives that may improve the performance and expand the market opportunities for biodegradable plastics. I look forward to reporting on new products emerging from our development pipeline. I believe the Group’s polymer technology platform is set for generating stronger revenue growth in 2019 and beyond from our current customers, new customers gained through our worldwide partners, and new products emerging from our development pipeline.

Odour control Based on our collaboration started in 2017, Croda continued to expand its promotion of our ZINADOR™ odour neutralizing polymer in homecare and industrial applications, with active development projects in North America, Europe, Asia, Africa, and South America and important successes for future growth with major brands in key consumer application areas. Non-phosphate detergents Nouryon completed successful product performance evaluations and notified Itaconix in May 2018 of its desire to market our detergent polymers. The parties completed and announced an exclusive worldwide supply agreement in January 2019, under which Nouryon will market Itaconix detergent polymers to its customers in household, institutional, and industrial detergent and cleaner applications. In December 2018, the Group also succeeded in securing future detergent polymer demand by licensing a novel automatic dishwasher detergent formula to New Wave Global Services (“New Wave”), a leading Canadian supplier of innovative products to North American retailers. Based on Itaconix® CHT™, New Wave is using the formula to produce and supply a new triple-chamber detergent pod for the private label brands at a growing list of major North American retailers. In May 2019, the Group achieved initial success for Itaconix® CHT™ in Europe with its first order from a major producer of non-phosphate automatic dishwashing detergents. We see this order as a significant milestone in a key market for future growth based on the demanding performance requirements in the European automatic dishwashing detergent market.
Hair stylingInterest in our polymers at Nouryon expanded from detergents into hair styling in 2018. From a small base of activity in 2017, our direct selling efforts and distributor network generated continued growth in revenues and active customer projects for our RevCare™ NE 100S hair styling polymer. In addition to generating 123%growth in 2018 revenues from 2017, customer recognition of the unique functionality of RevCare™ NE 100S created a global collaboration opportunity with Nouryon, a worldwide leader in hair styling polymers. The parties completed and announced an exclusive worldwide supply agreement in February 2019. Nouryon launched the polymer under its own Amaze™ SP brand in April 2019 at the world’s largest annual personal care ingredient show and has now placed its first order with Itaconix. With this supply arrangement in place, Itaconix is withdrawing the RevCare™ NE 100S brand from the market, with accounts and projects being transitioned to Nouryon.

Thankfully this isn't an O and G share and it is in the tech sector with fabulous potential to create recurring revenues.
It is a shame they didn't find a clean shell but it is what it is now. As a shareholder you have to look forward. Look at what they achieved at Unilad in a short space of time. I look forward to seeing an updated share register and think the directors should buy open market now to show shareholders they believe in their own capabilities. Roll on the hard launch of Icon it will be interesting to see what brands they are working with. I particularly hope they are going into e-sports as it has huge potential.

Hopefully the company will pull their finger out and get the shareholders register updated next week.