Itaconix’ FY20 prelims are ahead of expectations ($3.3m revenue vs $3.0m f/c), reflecting increasing momentum as the year progressed. Revenue increased by 156% YoY. Recent customer product launches look set to support continued growth in FY’21 despite some COVID related supply chain disruption. Demand trends (improving performance and sustainability) remain highly supportive and the outlook statement strikes a confident tone.
30 Mar 2021
Strong conclusion to a year of progress
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Strong conclusion to a year of progress
Itaconix plc (ITX:LON) | 153 4.6 2.0% | Mkt Cap: 20.6m
- Published:
30 Mar 2021 -
Author:
James Tetley -
Pages:
3
Itaconix’ FY20 prelims are ahead of expectations ($3.3m revenue vs $3.0m f/c), reflecting increasing momentum as the year progressed. Revenue increased by 156% YoY. Recent customer product launches look set to support continued growth in FY’21 despite some COVID related supply chain disruption. Demand trends (improving performance and sustainability) remain highly supportive and the outlook statement strikes a confident tone.