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
BURLINGTON ON L7M 1A6
Tel: 1-416-815-0700
Website: www.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 2016, Ecosynthetix Inc revenues decreased 9% to $13.3M. Net loss decreased 35% to $9.3M. Revenues reflect Asia Pacific segment decrease of 22% to $4.8M, America segment decrease of 11% to $6.7M. Lower net loss reflects Impairment - Investment Property decrease from $2.5M (expense) to $0K, Selling, general and admin decrease of 25% to $6M (expense).
Employees: 29 as of May 29, 2011
Reporting Currency: U.S. Dollars
Enterprise value: $101.23M as of Dec 31, 2016
Annual revenue (TTM): $17.73M as of Dec 31, 2016
EBITDA (TTM): -$10.59M as of Dec 31, 2016
Net annual income (TTM): -$12.42M as of Dec 31, 2016
Free cash flow (TTM): -$11.32M as of Dec 31, 2016
Net Debt Last Fiscal Year: N/A
Shares outstanding: 57,375,646 as of Feb 14, 2017
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization