--- title: Itaconix PLC 2024 half-year trading update description: "Itaconix PLC 2024 half-year trading update: CEO John Shaw takes Proactive's Stephen Gunnion through the company's strategic initiatives for the future." image: https://8820271.fs1.hubspotusercontent-na1.net/hubfs/8820271/assets/images/blog-posts/proactive-trading-update-july-23-2024.jpg --- ### 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? 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Shaw highlighted the company’s positive first half, with notable improvements in gross profit margins despite a decline in revenue. He explained, "We had $2.8 million in revenue versus $4 million in the first half of 2023," attributing this to strategic decisions made in March and April aimed at diversifying revenue and increasing profit margins. Shaw discussed the company's efforts to expand its revenue base, particularly in Europe, with new accounts in the dish detergent, sustainable leather, and mineral processing sectors. He also emphasized the importance of regulatory approvals in South Korea, China, Australia, and New Zealand, which will support global expansion. Moreover, Shaw introduced two new products: the Itaconix TSI 422, an advanced automatic dish detergent polymer, and TSI ONZ 405, a dry form of polymeric zinc itaconate for odor neutralization in laundry additives. Shaw said he remains optimistic about the company’s trajectory, maintaining a revenue target of $6 to $6.5 million and a gross profit margin of 36% for the year.  ![background image](https://8820271.fs1.hubspotusercontent-na1.net/hubfs/8820271/assets/images/backgrounds/glow-cta-bar.svg) ### Investor and Shareholder Information [Get the Info](https://itaconix.com/investors/share-information) ## Related Articles [Investor Video Interview: CEO John Shaw discusses Itaconix’s half-year results & digital strategy Sep 10, 2024 6:19 min watch ![](https://8820271.fs1.hubspotusercontent-na1.net/hub/8820271/hubfs/proactive-interview-itaconix-half-year-results-digital-strategy.png?width=450&height=250&name=proactive-interview-itaconix-half-year-results-digital-strategy.png) ](https://itaconix.com/blog/proactive-interview-half-year-results-digital-strategy) [Investor Video Proactive Interview: Itaconix targeting 'very aggressive growth' Sep 12, 2023 5:49 min watch ![](https://8820271.fs1.hubspotusercontent-na1.net/hub/8820271/hubfs/proactive-interview-itaconix-targeting-very-aggressive-growth-blog-1.png?width=450&height=250&name=proactive-interview-itaconix-targeting-very-aggressive-growth-blog-1.png) ](https://itaconix.com/blog/itaconix-targeting-very-aggressive-growth-during-remainder-of-2023) [Investor Video Interview: Itaconix achieves record revenue in 2023 Feb 28, 2024 6:51 min watch ![](https://8820271.fs1.hubspotusercontent-na1.net/hub/8820271/hubfs/interview-itaconix-achieves-record-revenue-blog.png?width=450&height=250&name=interview-itaconix-achieves-record-revenue-blog.png) ](https://itaconix.com/blog/interview-itaconix-achieves-record-revenue-in-2023-eyes-further-growth-in-eco-friendly-product-markets-28-february-2024) ## 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" : "Bill McClure", "url" : "https://itaconix.com/blog/author/billmc" }, "dateModified" : "2025-11-26T19:43:05.982Z", "datePublished" : "2024-07-23T16:19:39.000Z", "headline" : "Itaconix PLC 2024 half-year trading update", "image" : [ "https://8820271.fs1.hubspotusercontent-na1.net/hubfs/8820271/assets/images/blog-posts/proactive-trading-update-july-23-2024.jpg" ], "mainEntityOfPage" : { "@id" : "https://itaconix.com/blog/proactive-interview-itaconix-ceo-john-shaw-says-revenue-diversification-initiatives-are-paying-off", "@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" } } ```