--- title: Full Year Trading Update description: Full Year Trading Update image: https://8820271.fs1.hubspotusercontent-na1.net/hubfs/8820271/full-year-trading-update-2020-blog.png --- ### Find what you're looking for Search - [ Applications ](https://itaconix.com/applications) - [ Categories ](https://itaconix.com/applications) - [ Dish Detergent ](https://itaconix.com/applications/dish-detergent) - [ Fabric Care ](https://itaconix.com/applications/fabric-care) - [ Household ](https://itaconix.com/applications/household) - [ Pet ](https://itaconix.com/applications/pet) - [ Beauty ](https://itaconix.com/applications/beauty) - [ Hygiene ](https://itaconix.com/applications/hygiene) - [ Claims ](https://itaconix.com/claims) - [ Safety ](https://itaconix.com/claims/safety) - [ Performance ](https://itaconix.com/claims/performance) - [ Affordability ](https://itaconix.com/claims/affordability) - [ Sustainability ](https://itaconix.com/claims/sustainability) - [ Products ](https://itaconix.com/products) - Key Attributes - [ Scale Inhibition ](https://itaconix.com/products?function=%22Scale+Inhibition%22) - [ Dispersion ](https://itaconix.com/products?function=%22Dispersion%22) - [ Chelation ](https://itaconix.com/products?function=%22Chelation%22) - [ Odor Neutralization ](https://itaconix.com/products?function=%22Odor+Neutralization%22) - [ Foam Enhancement ](https://itaconix.com/products?function=%22Foam+Enhancement%22) - [ Film Former ](https://itaconix.com/products?function=%22Film+Former%22) - Cleaning - [ Itaconix® DSP 2K® ](https://itaconix.com/products/itaconix-dsp-2k) - [ Itaconix® TSI® 322 ](https://itaconix.com/products/itaconix-tsi-322) - [ Itaconix® TSI® 422 ](https://itaconix.com/products/itaconix-tsi-422) - [ Itaconix® ONZ™ 100 ](https://itaconix.com/products/itaconix-onz-100) - [ Itaconix® ONZ™ 105 ](https://itaconix.com/products/itaconix-onz-105) - [ Itaconix® ONZ™ 400 ](https://itaconix.com/products/itaconix-onz-400) - [ Itaconix® ONZ™ 405 ](https://itaconix.com/products/itaconix-onz-405) - [ Itaconix® SF 505 ](https://itaconix.com/products/itaconix-sf-505) - Beauty - [ VELASOFT® NE 100 ](https://itaconix.com/products/velasoft-ne-100) - Hygiene - [ VELAFRESH® ZP20 ](https://itaconix.com/products/velafresh-zp-20) - [ VELAFRESH® ZP30 ](https://itaconix.com/products/velafresh-zp-30) - [ VELAFRESH® ZP75 ](https://itaconix.com/products/velafresh-zp75) - [ VELAFRESH® ZP95 ](https://itaconix.com/products/velafresh-zp95) - Resources - [ Technical Data Sheets ](https://itaconix.com/resources?type=%22TDS%22) - [ Safety Data Sheets ](https://itaconix.com/resources?type=%22SDS%22) - [ Formulas ](https://itaconix.com/formulas) - About - About - [ History ](https://itaconix.com/about) - [ Tech Platform ](https://itaconix.com/about/technology-platform) - [ Leadership ](https://itaconix.com/leadership) - [ News & Events ](https://itaconix.com/blog) - Investors - Investors - [ At a Glance ](https://itaconix.com/investors) - [ Regulatory Announcements ](https://itaconix.com/investors/regulatory-announcements) - [ Reports & Results ](https://itaconix.com/investors/results-and-reports) - [ Share Information ](https://itaconix.com/investors/share-information) - [ Corporate Governance / AIM Rule 26 ](https://itaconix.com/investors/corporate-governance) - [ Corporate Contacts ](https://itaconix.com/investors/corporate-contacts) ##### Need Help? - [Talk to Us](https://itaconix.com/talk-to-us) - [Resources](https://itaconix.com/resources) - [ Search ](https://itaconix.com/blog/full-year-trading-updated-jan-09-2020#search-modal) - [ 1.603.775.4400 ](tel:1-603-775-4400) - [ Ask Itaconix ](https://itaconix.com/ask-itaconix) # [ Insights and Articles ](https://itaconix.com/blog) - Browse Topics More - [Investor News](https://itaconix.com/blog/tag/investor-news) - [RNS](https://itaconix.com/blog/tag/rns) - [News](https://itaconix.com/blog/tag/news) - [Cleaning](https://itaconix.com/blog/tag/cleaning) - [Formula](https://itaconix.com/blog/tag/formula) - [Sustainability](https://itaconix.com/blog/tag/sustainability) - [Beauty](https://itaconix.com/blog/tag/beauty) - [Performance](https://itaconix.com/blog/tag/performance) - [Fabric](https://itaconix.com/blog/tag/fabric) - [Hygiene](https://itaconix.com/blog/tag/hygiene) - [Dishwash](https://itaconix.com/blog/tag/dishwash) - [Investor Video](https://itaconix.com/blog/tag/investor-video) - [Cost-effectiveness](https://itaconix.com/blog/tag/cost-effectiveness) - [Plant-Based](https://itaconix.com/blog/tag/plant-based) - [Safety](https://itaconix.com/blog/tag/safety) - [Hair](https://itaconix.com/blog/tag/hair) - [Events](https://itaconix.com/blog/tag/events) - [Pet](https://itaconix.com/blog/tag/pet) - [Trading Update](https://itaconix.com/blog/tag/trading-update) - [Financial Highlights](https://itaconix.com/blog/tag/financial-highlights) - [Bathroom](https://itaconix.com/blog/tag/bathroom) - [Deodorant](https://itaconix.com/blog/tag/deodorant) - [Skin](https://itaconix.com/blog/tag/skin) - [Annual Report](https://itaconix.com/blog/tag/annual-report) - [Institutional Industrial](https://itaconix.com/blog/tag/institutional-industrial) - [Reports and Documents](https://itaconix.com/blog/tag/reports-and-documents) - [Solutions](https://itaconix.com/blog/tag/solutions) - [Surfaces](https://itaconix.com/blog/tag/surfaces) [Subscribe](https://itaconix.com/blog/full-year-trading-updated-jan-09-2020#blog-subscribe-form)   9 January 2020 Itaconix plc ("Itaconix" or the “Company”) Full Year Trading Update Itaconix (LSE: ITX) (OTCQB: ITXXF), a leading innovator in sustainable specialty polymers, is pleased to announce the following trading update for the year to 31 December 2019. Unaudited revenues for the year were £1.1 million, representing 59.6% growth over 2018. Unaudited [LBITDA(1)](https://itaconix.com/blog/full-year-trading-updated-jan-09-2020#LBITDA) was in line with management expectations. Net cash balances as of 31 December 2019 were £0.6 million and include £0.13 million in R&D tax credits received ahead of expectations before the year end. John R. Shaw, CEO of Itaconix, stated: “The acceleration in our revenue growth reflects growing commercial validation and consistent progress with customer projects across all of our products and application areas. Our ingredients have unique value that offer performance, cost, and sustainability advantages for the next generation of products used in everyday applications. Our pipeline continues to strengthen as we maintain our focus on accelerating key revenue opportunities in the first half of 2020.” *1Loss before interest, tax, depreciation and amortization * Ends For further information please contact:   Itaconix                                                                                           +1 (603) 775 4400    John R. Shaw / Laura Denner   N+1 Singer                                                                                      +44 (0) 207 496 3000    Richard Lindley / James Moat (Corporate Finance)    Mia Gardner (Corporate Broking) About Itaconix Itaconix plc (LSE: ITX) is a leading innovator in bio-based functional ingredients for improving the safety and performance of homecare, personal care, and industrial products. Its proprietary polymer technology generates a growing range of new ingredients with unique functionality that meet consumer demands for value and sustainability. ![background image](https://8820271.fs1.hubspotusercontent-na1.net/hubfs/8820271/assets/images/backgrounds/glow-cta-bar.svg) ### Download full news release [Download ](https://8820271.fs1.hubspotusercontent-na1.net/hubfs/8820271/Imported_Blog_Media/Full-Year-Trading-Updated-Jan-09-2020.pdf) ## Related Articles [Investor News Notice of General Meeting and Posting of Circular Jun 26, 2020 2 min read ![](https://8820271.fs1.hubspotusercontent-na1.net/hub/8820271/hubfs/notice-of-general-meeting-and-posting-of-circular.png?width=450&height=250&name=notice-of-general-meeting-and-posting-of-circular.png) ](https://itaconix.com/blog/notice-of-gm-and-posting-of-circular-26-june-2020) [Investor News Result of Annual General Meeting Jun 10, 2026 1 min read ](https://itaconix.com/blog/result-of-annual-general-meeting-1) [Investor News ITACONIX PLC TRADING UPDATE, December 7, 2023 Dec 7, 2023 2 min read ![](https://8820271.fs1.hubspotusercontent-na1.net/hub/8820271/hubfs/itaconix-plc-trading-update-dec-7-2023.png?width=450&height=250&name=itaconix-plc-trading-update-dec-7-2023.png) ](https://itaconix.com/blog/itaconix-plc-trading-update) ## Subscribe via Email Subscribe to our blog to get insights sent directly to your inbox. ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Laura Denner", "url" : "https://itaconix.com/blog/author/laurad" }, "dateModified" : "2024-06-12T19:40:45.233Z", "datePublished" : "2020-01-10T01:14:14.000Z", "headline" : "Full Year Trading Update", "image" : [ "https://8820271.fs1.hubspotusercontent-na1.net/hubfs/8820271/full-year-trading-update-2020-blog.png" ], "mainEntityOfPage" : { "@id" : "https://itaconix.com/blog/full-year-trading-updated-jan-09-2020", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://8820271.fs1.hubspotusercontent-na1.net/hubfs/8820271/assets/images/logos/logo-full-color.png" }, "name" : "Itaconix" } } ```