Itaconix - Covid 19 driving strong demand for homecare detergents and cleaners
Itaconix (LON:ITX), (OTCQB:ITXXF) has issued a trading update, showing that revenues grew by 42% in the first four months of 2020, continuing the level of growth achieved in FY 2019. The biggest driver...
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The US government programme is designed to help businesses keep their workforce employed during the coronavirus (COVID-19) crisis
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The polymer specialist also said it had continued to make commercial progress in the first five months of 2020, with revenues in the period 91% higher year-on-year
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The specialty polymers group said unaudited revenues for the first six months of the year were US$1.1mln, representing around 80% growth over the equivalent period in 2019
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“We exited 2019 as a lean commercial operation with a growing base of customers and recurring revenues from our direct success in detergents and our blue-chip collaborations," added chief executive...
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The expanding foundation of recurring revenues is creating a strong base for continued revenue growth toward the company's goal of sustainable profitability
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Manning has a track record of generating demand for speciality materials and is well versed in engaging with customers on new product formulations
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Itaconix is the world leader in developing and producing bio-based polymers from itaconic acid
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Revenues fell to US$2.6mln from US$3.3mln and underlying losses widened to US$1.6mln from US$993,000
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