ITACONIX PLC (ITX) — Preliminary Results for the year ended 31 December 2024

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the ITACONIX PLC Full Year Results Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged, and they can be submitted at any time using the Q and A tab situated on the right hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question received during the meeting itself. However, the company can review all questions submitted today and publish responses, which is appropriate to do so. Before we begin, I would like to submit the following poll, and I would now like to hand you over to CEO, John Shaw. Good afternoon to you. Good afternoon. I am John Shaw, CEO of ITACONIX, and welcome to our report on our full year 2024 results and our outlook for 2025. Here's what's most important to know about ITACONIX right now. First, we did $3,700,000 in revenues in the second half of twenty twenty four, which is close to the largest half we've ever had, and we're carrying that momentum into 2025. Second of all, this momentum combined with our success with the profitability, the diversity of our customer base has put us on a better path to profitability than we had in early twenty twenty four. Third, we're generating new products and applications that will produce revenue growth for us in the midterm. Our focus is on products that have clear customer demand and that win based on performance and affordability. With this discipline, we are postponing products that do not that have not established customer demand and have benefits that are really mainly only around sustainability rather than performance. This is the case right now with our super absorbent program. Fourth, our supply chain is currently secure. We ...