EcoSynthetix Inc. (T:ECO)
Business Focus: Specialty Chemicals
| 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 | |
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