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 | ||
| Paul N. Lucas 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 nine months ended 30 September 2018, Ecosynthetix Inc revenues increased 31% to $16.8M. Net loss decreased 56% to $2.2M. Revenues reflect America segment increase of 27% to $8.4M, EMEA segment increase of 45% to $4.4M. Lower net loss reflects Interest income increase of 38% to $668K (income). Basic Earnings per Share excluding Extraordinary Items increased from -$0.08 to -$0.04. |
| Employees: | 30 as of Dec 31, 2017 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $49.60M as of Sep 30, 2018 |
| Annual revenue (TTM): | $28.90M as of Sep 30, 2018 |
| EBITDA (TTM): | -$3.88M as of Sep 30, 2018 |
| Net annual income (TTM): | -$4.79M as of Sep 30, 2018 |
| Free cash flow (TTM): | -$4.00M as of Sep 30, 2018 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 58,336,886 as of Oct 16, 2018 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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