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Itaconix reports 'dramatic turnaround for the direction of the company'

Itaconix PLC's (LON:ITX, OTCQB: ITXXF) John Shaw talks to Proactive London's Katie Pilbeam about their 2019 results which revealed sales rose 46% to $1.3mln, while gross profits were up 221% to $450,000.

Shaw notes how despite their 'tremendous pipeline' revenues for the end of last year were not reached and is now thrilled with the 'dramatic turnaround for the direction of the company'.

He marks the transformation in revenue and profit potential created from the focus on sustainable specialty ingredients and the restructuring of operations in 2018.

Quick facts: Itaconix PLC

Price: 1.95 GBX

LSE:ITX
Market: LSE
Market Cap: £8.43 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