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Itaconix PLC 'growing revenues and on a pathway to profitability' - analyst Ed Stacey

Proactive Research analyst Ed Stacey says the biggest driver behind Itaconix PLC's (LON:ITX) recent growth in revenues has been increased demand for its polymers which are used in home detergents and cleaners.

The firm grew revenues by 42% in the first four months of 2020 - continuing the level of growth achieved in FY 2019.

Stacey says the market for its polymers is highly active from the stay-at-home restrictions under the COVID-19 crisis, and Itaconix continues to gain market share.

Quick facts: Itaconix PLC

Price: 1.31 GBX

LSE:ITX
Market: LSE
Market Cap: £3.68 m
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Itaconix CEO John Shaw welcomes 'tremendous response' to $2.2mln fundraise

Itaconix PLC (LON:ITX) CEO John Shaw speaks to Proactive London's Andrew Scott following confirmation they've raised £1.76mln ($2.2mln) through an oversubscribed placing and subscription from existing and new investors. Shaw says the cash is expected to provide them with sufficient funding...

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