Itaconix ostrzega o przychodach, ponieważ ważą jednorazowe koszty niższe niż oczekiwano wzrostu

Itaconix warned full-year revenue would fall short of market expectations blaming lower-than-expected revenues and one-off costs related to new product development.

Following delays in certain customer projects, the company said it expected full-year revenues would be below current market expectations, with the earnings (EBITDA) loss for the second half of the year was expected to broadly in line with the £1.0m loss for the first half of the year.

The dour outlook comes as revenues for first three quarters of 2019 ended 30 September 2019 reached £0.7m, representing a 78% increase over revenues for the first three quarters of 2018 and matching full-year 2018 revenues of £0.7m.