Last C$1.49 CAD
Change Today -0.03 / -1.97%
Volume 86.6K
ECO On Other Exchanges
Symbol
Exchange
OTC US
As of 4:00 PM 09/29/14 All times are local (Market data is delayed by at least 15 minutes).

ecosynthetix inc (ECO) Snapshot

Open
C$1.56
Previous Close
C$1.52
Day High
C$1.57
Day Low
C$1.49
52 Week High
10/8/13 - C$3.92
52 Week Low
09/19/14 - C$1.47
Market Cap
75.4M
Average Volume 10 Days
72.7K
EPS TTM
C$-0.27
Shares Outstanding
50.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ECOSYNTHETIX INC (ECO)

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ecosynthetix inc (ECO) Details

EcoSynthetix Inc., a renewable chemicals company, is engaged in the development and commercialization of bio-based products that are used as inputs in industrial manufacturing for a range of consumer and industrial products worldwide. Its lead product, ECOSPHERE BIOLATEX binders, is used commercially by manufacturers in the coated paper and paperboard industry as replacement for petroleum based emulsion polymers, such as styrene butadiene latex. The company also provides EcoMer, a family of sugar-based macromers that help polymer manufacturers in creating new waterborne sugar-acrylic polymers and resins; and EcoStix products, which are used in the development of waterborne pressure sensitive adhesives for use as wash-off labels for recyclable packaging and fruit labeling, repulpable tapes, paper labels and postage stamps, and high temperature resistant labels for automotive applications. EcoSynthetix Inc. was founded in 1996 and is headquartered in Burlington, Canada.

Founded in 1996

ecosynthetix inc (ECO) Top Compensated Officers

Chief Executive Officer and Non-Independent D...
Total Annual Compensation: $442.0K
Co-Founder and Executive Vice President of Te...
Total Annual Compensation: $225.0K
Chief Financial Officer and Company Secretary
Total Annual Compensation: $291.7K
Senior Vice President of Market Realization a...
Total Annual Compensation: $257.7K
Senior Vice President of Product Innovation a...
Total Annual Compensation: $235.3K
Compensation as of Fiscal Year 2013.

ecosynthetix inc (ECO) Key Developments

EcoSynthetix Inc. to Introduce EcoSphere Technology for Inkjet Printing at GraphExpo 2014

EcoSynthetix Inc. announced the introduction of a new line of EcoSphere(r) grades that are specifically formulated for inkjet paper coatings. Compatible with dye, pigment and hybrid-based high-speed inkjet printing processes, these products offer paper manufacturers, publishers and commercial printers excellent print quality with a simpler, more cost-effective and sustainable product. Traditional inkjet printing using dye-based inks requires the use of both a petroleum-based fixative and binder in the paper coating formulation. Part of these new offerings fully replaces both of these non-renewable chemicals with a single, bio-based additive. EcoSynthetix has filed a patent application covering this innovation. For high-speed inkjet printers using pigment-based inks, EcoSynthetix is introducing new EcoSphere technology that fully replaces the petroleum-based binders used in the paper coating formulation with a renewable offering.

EcoSynthetix Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

EcoSynthetix Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's net sales were USD 4.5 million compared to USD 5.5 million for the three months ended June 30, 2013, a decrease of 18%. The decrease was principally due to lower sales volume in Asia Pacific of USD 1.1 million resulting from continuing unfavourable market dynamics caused by the oversupply of butadiene and the related drop in butadiene and SB latex prices. EMEA sales decreased USD 0.7 million due to the negative impact of the closure of a customer's coated paper production line announced in the fourth quarter of 2013. The decreases in sales were partially offset by higher sales in North America and Latin America of USD 0.6 million and USD 0.2 million, respectively. Adjusted LBITDA was USD 3.3 million compared to USD 3.1 million in the same period last year. Net loss was USD 3.7 million, or USD 0.07 per basic and fully diluted common share compared to a net loss of USD 3.6 million or USD 0.07 per basic and fully diluted common share for same period last year. Loss from operations was USD 3.83 million compared to USD 3.73 million reported a year ago. Cash provided used in operating activities was USD 2.90 million compared to USD 4.46 million reported a year ago. Cash used for purchase of intangible assets and property, plant and equipment was USD 0.041 million compared to USD 0.77 million reported a year ago. Net sales for the year-to-date period were USD 9.5 million compared to USD 11.7 million in the same period last year, a decrease of 18%. The decrease in sales was primarily attributable to lower sales volumes in Asia Pacific and EMEA, which was partially offset by higher sales volumes to customers in North America due to increased substitution rates. Adjusted LBITDA was USD 6.1 million compared to USD 6.0 million in the same period last year. The change in adjusted EBITDA loss was due to higher operating expenses partly offset by increased gross profit. Net loss was USD 7.1 million, or USD 0.12 per basic and fully diluted common share compared to USD 7.2 million or USD 0.13 per basic and fully diluted common share in the prior period. Loss from operations was USD 7.23 million compared to USD 7.35 million reported a year ago. Cash provided used in operating activities was USD 6.08 million compared to USD 7.28 million reported a year ago. Cash used for purchase of intangible assets and property, plant and equipment was USD 0.27 million compared to USD 1.24 million reported a year ago.

EcoSynthetix Inc. Presents at Jefferies 2014 Global Industrials Conference, Aug-11-2014 01:30 PM

EcoSynthetix Inc. Presents at Jefferies 2014 Global Industrials Conference, Aug-11-2014 01:30 PM. Venue: Grand Hyatt, 109 E. 42nd St., New York, New York, United States. Speakers: John van Leeuwen, Chief Executive Officer and Non-Independent Director.

 

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