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 fiscal year ended 31 December 2017, Ecosynthetix Inc revenues increased 35% to $17.9M. Net loss decreased 31% to $6.4M. Revenues reflect EMEA segment increase from $1.7M to $4.4M, America segment increase of 38% to $9.3M. Lower net loss reflects Depreciation in SGA decrease from $561K (expense) to $0K, Provision for termination benefits decrease of 88% to $63K (expense). |
| Employees: | 30 as of Dec 31, 2017 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $43.85M as of Dec 31, 2017 |
| Annual revenue (TTM): | $22.82M as of Dec 31, 2017 |
| EBITDA (TTM): | -$7.42M as of Dec 31, 2017 |
| Net annual income (TTM): | -$8.22M as of Dec 31, 2017 |
| Free cash flow (TTM): | -$6.10M as of Dec 31, 2017 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 57,916,816 as of Apr 5, 2018 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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