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
Tel: 1-416-815-0700
IR: See website
Key People
Paul 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 six months ended 30 June 2018, Ecosynthetix Inc revenues increased 34% to $11.2M. Net loss decreased 49% to $1.9M. Revenues reflect EMEA segment increase of 85% to $3.1M, America segment increase of 28% to $5.6M. Lower net loss reflects Interest income increase of 52% to $439K (income). Basic Earnings per Share excluding Extraordinary Items increased from -$0.06 to -$0.03.
Employees: 30 as of Dec 31, 2017
Reporting Currency: U.S. Dollars
Enterprise value: $48.94M as of Jun 30, 2018
Annual revenue (TTM): $26.82M as of Jun 30, 2018
EBITDA (TTM): -$5.13M as of Jun 30, 2018
Net annual income (TTM): -$6.04M as of Jun 30, 2018
Free cash flow (TTM): -$4.40M as of Jun 30, 2018
Net Debt Last Fiscal Year: N/A
Shares outstanding: 58,334,091 as of Sep 18, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization