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
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