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Last C$1.40 CAD
Change Today -0.03 / -2.10%
Volume 1.9K
ECO On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 4:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

ecosynthetix inc (ECO) Snapshot

Open
C$1.43
Previous Close
C$1.43
Day High
C$1.43
Day Low
C$1.40
52 Week High
04/29/14 - C$2.67
52 Week Low
12/9/14 - C$1.15
Market Cap
76.0M
Average Volume 10 Days
4.3K
EPS TTM
C$-0.26
Shares Outstanding
54.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ECOSYNTHETIX INC (ECO)

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ecosynthetix inc (ECO) Details

EcoSynthetix Inc., a renewable chemicals company, engages in the development and commercialization of bio-based materials that are used as inputs in industrial manufacturing in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It offers ECOSPHERE BIOLATEX binders for use in the coated paper and paperboard, and personal care industries. The company also provides DURABIND engineered biopolymers that enable manufacturers of particle board, medium density fiberboard, veneers, and laminates to decrease the amount of regulated chemicals, such as formaldehyde in their formulation; and ECOMER biomonomers that helps polymer manufacturers to create new waterborne sugar-acrylic polymers and resins. In addition, it offers EcoStix products for use in the development of waterborne pressure sensitive adhesives. The company’s products are used in various industries, including paper and paperboard; building products, such as wood composites and insulation; personal care products; non-woven wipes; non-woven automotive parts; and paints, coatings, and adhesives. EcoSynthetix Inc. was founded in 1996 and is headquartered in Burlington, Canada.

Founded in 1996

ecosynthetix inc (ECO) Top Compensated Officers

Co-Founder, Chief Executive Officer and Non-I...
Total Annual Compensation: $442.0K
Co-Founder and Executive Vice President of Te...
Total Annual Compensation: $225.0K
Chief Financial Officer and Company Secretary
Total Annual Compensation: $291.7K
Senior Vice President of Market Realization a...
Total Annual Compensation: $257.7K
Senior Vice President of Product Innovation a...
Total Annual Compensation: $235.3K
Compensation as of Fiscal Year 2013.

ecosynthetix inc (ECO) Key Developments

EcoSynthetix Inc. Intends to Nominate Paul Lucas for the Election to its Board of Directors

EcoSynthetix Inc. announced that management intends to nominate Paul Lucas for election to the company's board of directors at its upcoming annual and special meeting of shareholders to be held on May 8, 2015. Mr. Lucas is a director nominee proposed by Lions Investment Ltd. Lions has agreed to withdraw the director nominations it had previously submitted to the Company and support the election of management's director nominees.

EcoSynthetix Inc. Announces Management Changes, Effective May 1, 2015

EcoSynthetix Inc. announced that it has appointed Interim CEO Jeff MacDonald as Chief Executive Officer of EcoSynthetix effective May 1, 2015. Mr. MacDonald replaces the Company's previous Chief Executive Officer, John van Leeuwen, whose departure will be effective May 1, 2015. Mr. MacDonald joined EcoSynthetix as Chief Operating Officer in April 2014 and was appointed as the Company's Interim Chief Executive Officer on February 19, 2015.

EcoSynthetix Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

EcoSynthetix Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of $4,464,141 compared to $5,159,069 a year ago, a decrease of $0.7 million or 13%. The decrease was primarily due to lower sales volume as a result of the announced closure of the FutureMark Paper mill last quarter. Loss from operations was $3,528,101 compared to $3,723,691 a year ago. Net loss and comprehensive loss was $3,450,295 compared to $3,636,080 a year ago. Basic and diluted loss per common share was $0.06 compared to $0.07 a year ago. Net cash used in operating activities was $2,782,785 against $3,277,731 a year ago. Purchase of intangible assets and property, plant and equipment was $145,803 against $161,302 a year ago. Adjusted LBITDA was $2.9 million compared to $3.3 million for the same period last year, a decrease of $0.4 million or 11%. The decrease was due to lower operating expenses partly offset by lower gross profit. For the year, the company reported net sales of $18,841,745 compared to $22,229,846 a year ago, a decrease of $3.4 million or 15%.  The reduction in volume was primarily due to lower sales volume as a result of the closure of the FutureMark Paper mill last quarter, in addition to the closure of a customer's coated paper production line in EMEA, which was announced in 2013. Loss from operations was $14,845,670 compared to $15,122,318 a year ago. Net loss and comprehensive loss was $14,514,589 compared to $14,764,804 a year ago. Basic and diluted loss per common share was $0.26 compared to $0.26 a year ago. Net cash used in operating activities was $12,260,395 against $11,272,437 a year ago. Purchase of intangible assets and property, plant and equipment was $425,796 against $1,889,374 a year ago. For fiscal 2014, adjusted LBITDA was $12.6 million compared to $12.4 million during the fiscal year ended December 31, 2013. The increase was due to lower gross profit partly offset by lower operating expenses.

 

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