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ECO — EcoSynthetix News Story

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EcoSynthetix Q2 sales rise 57%, Adjusted EBITDA improves

Overview

EcoSynthetix fiscal Q2 net sales up 57% yr/yr, driven by higher volumes

Adjusted EBITDA improves to $0.2 mln

Company repurchased and cancelled 121,200 shares

Outlook

Company expects growth in pulp and wood composites markets

EcoSynthetix sees significant contributions from key strategic accounts

Company continues to invest in its differentiated product offering and expand its customer engagement

Result Drivers

HIGHER VOLUMES - Sales increase primarily due to 50% higher volumes

STRATEGIC ACCOUNTS - Growth driven by strategic accounts in pulp and wood composites markets

NEW ORDERS - Received new $0.8 mln purchase order for SurfLock™ from global pulp manufacturer

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 Sales$5 mln
Q2 Adjusted EBITDA$238,211
Press Release: ID:nCNWvrGLDa (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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