Itaconix (ITX) AI Stock Analysis

• Market Cap: £14.16M
• Dividend Yield: N/A
• Average Volume (3M): 9.01K
• Price to Earnings (P/E): ―
• Beta (1Y): <0.01
• Revenue Growth: -19.70%
• EPS Growth: -15.81%
• Country: UK
• Employees: 22
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Chemicals - Specialty
• EPS (TTM): -0.11
• Shares Outstanding: 13,486,122
• 10 Day Avg. Volume: 8,145
• 30 Day Avg. Volume: 9,010
• PEG Ratio: -0.84
• Price to Book (P/B): 1.58
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.33
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Itaconix faces significant profitability and cash flow challenges despite revenue growth and a strong equity base. Technical indicators show bearish trends, and valuation metrics are weak. However, strategic initiatives and product innovations offer a positive future outlook, slightly boosting the overall score.

Itaconix Business Overview & Revenue Model

Company Description

Itaconix plc, together with its subsidiaries, designs, develops, manufactures, and sells bio-based polymers for personal care, home care, and industrial sectors in North America and Europe. The company's home care and industrial products include Itaconix TSI, Itaconix DSP, Itaconix CHT, and Itaconix VELASOFT water soluble polymers; and Itaconix ZINADOR 22L and 35L, which are water soluble odor neutralizers. Its personal care products comprise Itaconix VELAFRESH ZP20 and ZP30 that are water soluble fixating complexes; and Nouryon Amaze SP, a hair styling ingredient. The company was formerly known as Revolymer plc and changed its name to Itaconix plc in February 2017. Itaconix plc was incorporated in 2012 and is headquartered in Stratham, New Hampshire.

How the Company Makes Money

Itaconix generates revenue by producing and selling its plant-based polymers to manufacturers in various industries, including home care, personal care, and industrial sectors. The company forms strategic partnerships and collaborations with other businesses to expand its market reach and enhance product development. Revenue streams primarily consist of product sales, licensing agreements, and potentially royalties obtained from proprietary technology used by partners. Itaconix's focus on sustainable ingredients aligns with growing consumer demand for environmentally friendly products, a significant factor contributing to its earnings.

Itaconix Financial Statement Overview

Summary

Itaconix demonstrates revenue growth and a solid equity base but struggles with profitability and cash flow sustainability. Despite low leverage, the challenge lies in achieving positive net income and free cash flow to ensure long-term financial stability.

Income Statement

The company shows a modest revenue growth from $6.22M in 2023 to $6.50M in 2024, indicating a positive trend. However, the net income remains negative, with a net profit margin of -28.68% in 2024, suggesting ongoing profitability challenges. The EBIT and EBITDA margins are also negative, highlighting operational inefficiencies.

Balance Sheet

The balance sheet reflects strong equity with a debt-to-equity ratio of 0.21, implying low financial leverage and reduced risk. The equity ratio is 70.80%, indicating a stable capital structure. However, the company has negative net income, which impacts return on equity calculations.

Cash Flow

The free cash flow is negative, showing a decline, which is a concern for liquidity. However, the operating cash flow to net income ratio is unavailable due to negative values, complicating cash flow assessment. The company has managed to secure substantial financing cash flows in 2023, improving liquidity temporarily.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
1.10M	6.50M	6.22M	4.57M	―	―
	Gross Profit
433.07K	2.26M	1.93M	―	―	―
	EBIT
-478.99K	-2.18M	-1.55M	―	―	―
	EBITDA
―	-1.52M	-1.23M	―	―	―
	Net Income Common Stockholders
-407.00K	-1.86M	-1.54M	―	―	―
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
29.16M	6.73M	6.92M	―	―	―
	Total Assets
30.92M	13.18M	11.98M	―	2.43M	―
	Total Debt
336.39K	1.97M	2.24M	―	―	―
	Net Debt
-3.26M	-3.51M	-331.00K	―	―	―
	Total Liabilities
4.39M	3.85M	3.10M	―	―	―
	Stockholders Equity
26.52M	9.33M	8.88M	―	―	―
Cash Flow		Free Cash Flow
―	-3.34M	-2.18M	―	―	―
	Operating Cash Flow
-663.31K	-2.75M	-1.92M	―	―	―
	Investing Cash Flow
2.39M	5.95M	―	―	―	―
	Financing Cash Flow
―	-279.00K	9.07M	―	―	―

Itaconix Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 105.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ITX, the sentiment is Negative. The current price of 105 is above the 20-day moving average (MA) of 103.13, below the 50-day MA of 115.03, and below the 200-day MA of 137.05, indicating a neutral trend. The MACD of -2.69 indicates Negative momentum. The RSI at 46.24 is Neutral, neither overbought nor oversold. The STOCH value of 80.39 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:ITX.

Itaconix Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HDD	55 Neutral	£5.42M	―	-33.20%	―	-13.98%	-6.84%
ITX	50 Neutral	£14.16M	―	-17.98%	―	-19.70%	-15.81%
Sector *	49 Neutral	$1.97B	-1.18	-21.24%	3.71%	1.29%	-31.16%
HAYD	46 Neutral	£4.81M	―	-92.35%	―	-27.64%	―
GEX	31 Underperform	£10.62M	―		―	―	-149.21%

Itaconix Corporate Events

Itaconix Releases 2024 Accounts and Announces AGM

Itaconix has announced the availability of its statutory accounts for the year ended December 31, 2024, along with a Notice of Annual General Meeting (AGM) on its website. The AGM is scheduled for May 8, 2025, in London, providing shareholders with an opportunity to engage with the company’s performance and future direction.

Spark’s Take on GB:ITX Stock

According to Spark, TipRanks’ AI Analyst, GB:ITX is a Neutral.

Itaconix faces significant profitability and cash flow challenges despite revenue growth and a strong equity base. Technical indicators show bearish trends, and valuation metrics are weak. However, strategic initiatives and product innovations offer a positive future outlook, slightly boosting the overall score.

To see Spark’s full report on GB:ITX stock, click here.

Itaconix Navigates US Tariffs with Strategic Adjustments

Itaconix plc has announced that recent US trade actions are expected to increase production costs but positively impact US and European revenues. The company is implementing price increases and supply chain cost reductions to maintain profit margins. Despite potential tariff impacts, Itaconix remains confident in sustaining demand growth and profit margins, benefiting from the Euro’s rise against the US dollar and geographic shifts in US detergent supply.

Spark’s Take on GB:ITX Stock

According to Spark, TipRanks’ AI Analyst, GB:ITX is a Neutral.

Itaconix’s overall score is driven by modest revenue growth and a strong equity position. However, substantial profitability and cash flow issues weigh heavily on the score. Despite weak technical indicators and poor valuation metrics, recent strategic initiatives and product innovations offer a positive outlook, potentially enhancing future performance.

To see Spark’s full report on GB:ITX stock, click here.

Itaconix Announces Grant of Share Options to Key Executives

Itaconix has announced the grant of 66,500 options over ordinary shares under its employee share option plan, with 26,500 options allocated to key managerial personnel. This move is part of Itaconix’s strategy to incentivize its leadership team, potentially strengthening its market position in the sustainable consumer product sector.

Itaconix Strengthens Market Position with Strategic Shifts and Innovation

Itaconix announced its preliminary results for 2024, highlighting a strategic shift towards a more profitable customer base and improved gross margins. Despite a decrease in total revenue due to exiting a low-margin North American contract, the company saw significant growth in its remaining revenue base, particularly in Europe and non-cleaning segments. The launch of the SPARX™ innovation program and new products like Itaconix® TSI™ 422 have positioned the company for future growth. With a strong cash position and expanded regulatory approvals, Itaconix is poised to enhance its market presence and profitability in the specialty ingredients sector.

Itaconix to Announce 2024 Preliminary Results with Live Presentation

Itaconix announced that its Preliminary Results for the year ended 31 December 2024 will be released on 31 March 2025. The company will hold a live presentation on the same day, open to all interested parties, to discuss these results, allowing stakeholders to submit questions before and during the event.