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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: 1.9 GBX

Market: LSE
Market Cap: £8.22 m

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Itaconix set to 'continue with progress made this year through to next year'

Itaconix PLC's (LON:ITX) John Shaw talks to Proactive London about their first half of the year performance which saw the company’s chemistries used more by major brands in everyday products. He says as revenues increase, they are 'really narrowing losses down' towards goals of reaching break...

on 10/30/2020

2 min read