EcoSynthetix Inc. (T:ECO)

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Business Focus: Specialty Chemicals

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Sector:  Basic Materials Industry:  Specialty Chemicals
 
See Regulatory Filings on SEDAR
Company Contact
Address: 3365 Mainway
BURLINGTON ON L7M 1A6
Tel: 1-416-815-0700
Website: ecosynthetix.com
IR: See website
Key People
John E. Barker
Chairman of the Board
Jeffrey Douglas MacDonald
Chief Executive Officer
Robert Haire
Chief Financial Officer, Corporate Secretary
Steven Bloembergen
Executive Vice President - Technology
Edward van Egdom
Senior Vice President - Market Realization and Product Manufacturing
 
Business Overview
EcoSynthetix Inc. (EcoSynthetix) is a renewable chemicals company. The Company is engaged in the development of bio-based technologies as replacement solutions for synthetic, petrochemical-based adhesives and other related products in the United States, Europe, Middle East and Africa (EMEA), and Asia Pacific. Bio-based materials are used as inputs in industrial manufacturing for a range of end products. The Company operates through EcoSphere biolatex binders segment. EcoSphere biolatex binders is used by manufacturers within the coated paper and paperboard industry. It offers over two bio- based technology platforms that support application across industries, a biopolymer nanosphere technology that has scaled and validated, and a bio-based sugar macromer technology. The Company's two bio-based technology platforms has generated approximately four product families, namely EcoSphere biopolymers, EcoMer biomonomers, EcoStix bio-based pressure sensitive adhesives and DuraBind bioresins.
Financial Overview
For the six months ended 30 June 2017, Ecosynthetix Inc revenues increased 42% to $8.4M. Net loss decreased 27% to $3.6M. Revenues reflect America segment increase of 40% to $4.4M, EMEA segment increase from $804K to $1.7M. Lower net loss reflects Provision for termination benefits decrease of 87% to $63K (expense), Selling, general and admin decrease of 7% to $2.9M (expense).
Employees: 29 as of May 29, 2011
Reporting Currency: U.S. Dollars
Enterprise value: $89.33M as of Jun 30, 2017
Annual revenue (TTM): $19.44M as of Jun 30, 2017
EBITDA (TTM): -$8.69M as of Jun 30, 2017
Net annual income (TTM): -$9.79M as of Jun 30, 2017
Free cash flow (TTM): -$9.74M as of Jun 30, 2017
Net Debt Last Fiscal Year: N/A
Shares outstanding: 57,445,453 as of Sep 7, 2017
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization