Overview

* EcoSynthetix ( ECSNF ) 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 ( ECSNF ) 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

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales $5 mln

Q2

Adjusted

EBITDA $238,211

Press Release:

(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.)