The FY22 results posted a significant increase in revenue and decent reduction in losses. Growth was strongest in the cleaning segment, with a marked increase in demand across all geographies, but particularly from North American customers. Results were in line at the revenue level, with the adjusted EBITDA loss circa $100k lower than our $1.3m forecast for FY22. Year-end cash of $0.6m has since been boosted by the $12.7m February placing, resulting in much stronger finances. No changes to FY23 ....

05 Jun 2023
Itaconix - FY22 results shows strong revenue increase

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Itaconix - FY22 results shows strong revenue increase
Itaconix plc (ITX:LON) | 144 -4.3 (-2.0%) | Mkt Cap: 19.4m
- Published:
05 Jun 2023 -
Author:
David Buxton -
Pages:
9 -
The FY22 results posted a significant increase in revenue and decent reduction in losses. Growth was strongest in the cleaning segment, with a marked increase in demand across all geographies, but particularly from North American customers. Results were in line at the revenue level, with the adjusted EBITDA loss circa $100k lower than our $1.3m forecast for FY22. Year-end cash of $0.6m has since been boosted by the $12.7m February placing, resulting in much stronger finances. No changes to FY23 ....