Itaconix (AIM: ITX)

Currency in GBP

Last close As at 26/01/2023

GBP0.05

0.15 (2.86%)

Market capitalisation

GBP27m

Itaconix uses its patented platform to make ingredients from itaconic acid for consumer products, across the household cleaning, personal care, hair and beauty categories.

Management has calculated its technology is currently pointed $2.3bn of addressable markets and can be further positioned to take advantage of an additional £16.7bn – via food and agriculture, paints, coatings, composites and water solutions.  A natural metabolite, the use of itaconic acid can help lower the carbon footprint of products, chiming in with global imperatives as well as the new consumer and retail behaviours emerging across the developed world.

Major brands including Clorox and Colgate-Palmolive have formulated their products using Itaconix’s ingredients, which are available at Walmart, Costco, Target, Safeway and many other supermarket chains. Having developed the core of its platform, the business is now focused on commercial scaling, seeking revenue growth in the US, EU and UK.

Sector

Industrials

Equity Analyst

Anne Crow

Anne Margaret Crow

Director, TMT & Industrials

Key Management

  • Dr Yvon Durant

    CTO

  • Helen Cane

    Vice president of operations

  • John Shaw

    CEO

  • Laura Denner

    CFO and Company secretary

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 30.1 22.7 8.0
Relative 25.3 11.0 5.4
52 week high/low 6.6p/3.0p

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