Ecosynthetix Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 06, 2020
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EcoSynthetix Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was USD 4.224 million compared to USD 4.468 million a year ago. Operating loss was USD 648,368 compared to USD 628,281 a year ago. Net loss was USD 447,255 compared to USD 353,236 a year ago. Basic loss per share was USD 0.01 compared to USD 0.01 a year ago.
EcoSynthetix Inc. is a Canada-based renewable chemicals company that specializes in biomaterials used in a variety of end products. The Company offers a range of sustainable engineered biopolymers that allow customers to reduce their use of harmful materials, such as formaldehyde and styrene-based chemicals. It is engaged in the development and commercialization of environmentally friendly, bio-based technologies as replacement solutions for synthetic, petrochemical-based adhesives and other related products in the Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific. It operates in one segment: the biopolymer nanosphere technology platform. The Company's products include EcoSphere biopolymers, EcoMer biomonomers, EcoStix bio-based pressure-sensitive adhesives, and DuraBind bioresins. The DuraBind and EcoSphere, are used to manufacture wood composites, paper, and packaging. Its serves to the markets, such as paper and paperboard, building materials, and other markets.
ECOSYNTHETIX INC. 
