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: 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 three months ended 31 March 2017, Ecosynthetix Inc revenues increased 22% to $3.6M. Net loss decreased 20% to $1.9M. Revenues reflect EMEA segment increase from $321K to $743K, America segment increase of 15% to $2M. Lower net loss reflects Provision for termination benefits decrease from $200K (expense) to $0K, Selling, general and admin decrease of 5% to $1.4M (expense).
Employees: 29 as of May 29, 2011
Reporting Currency: U.S. Dollars
Enterprise value: $105.41M as of Mar 31, 2017
Annual revenue (TTM): $17.59M as of Mar 31, 2017
EBITDA (TTM): -$9.71M as of Mar 31, 2017
Net annual income (TTM): -$11.17M as of Mar 31, 2017
Free cash flow (TTM): -$11.42M as of Mar 31, 2017
Net Debt Last Fiscal Year: N/A
Shares outstanding: 57,434,996 as of May 16, 2017
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization