Itaconix’ results to Dec 2018 were well signalled in February’s trading update (revenue +20% to £0.66m). Agreements previously announced with New Wave and Nouryon in particular should support stronger revenue growth this year and the outlook statement anticipates further commercial progress in terms of new customer and new product opportunities. The cash balance has recently benefited from a tax receipt and minority interest divestment. We are forecasting £0.7m net cash at the year end, which re ....
27 Jun 2019
Focusing on revenue growth and cost control
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Focusing on revenue growth and cost control
Itaconix plc (ITX:LON) | 153 4.6 2.0% | Mkt Cap: 20.6m
- Published:
27 Jun 2019 -
Author:
James Tetley -
Pages:
3
Itaconix’ results to Dec 2018 were well signalled in February’s trading update (revenue +20% to £0.66m). Agreements previously announced with New Wave and Nouryon in particular should support stronger revenue growth this year and the outlook statement anticipates further commercial progress in terms of new customer and new product opportunities. The cash balance has recently benefited from a tax receipt and minority interest divestment. We are forecasting £0.7m net cash at the year end, which re ....