EcoSynthetix (TSE:ECO) Announces Earnings Results

EcoSynthetix (TSE:ECO) posted its earnings results on Tuesday. The company reported C($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$6.45 million during the quarter. EcoSynthetix had a negative return on equity of 1.06% and a negative net margin of 1.98%.

EcoSynthetix Price Performance

TSE:ECO opened at C$2.45 on Thursday. The firm has a market capitalization of C$144.17 million, a price-to-earnings ratio of -245.00 and a beta of 0.74. EcoSynthetix has a 52-week low of C$2.23 and a 52-week high of C$5.02. The stock has a fifty day moving average of C$3.06 and a 200 day moving average of C$3.39. The company has a debt-to-equity ratio of 5.38, a quick ratio of 12.67 and a current ratio of 20.57.

EcoSynthetix Company Profile

EcoSynthetix Inc is a renewable chemicals company. It is engaged in the development and commercialization of ecologically friendly bio-based technologies as replacement solutions for synthetic, petrochemical-based adhesives and other related products. The company operates in one reportable segment and generates revenue primarily from its biopolymer nanosphere technology platform. Its products include EcoSphere biolatex and DuraBindTM biopolymers. EcoSphere biolatex binders are used by manufacturers within the coated paper and paperboard industry, whereas the DuraBindTM is used in the production of wood composite panels.