EcoSynthetix

A renewable chemicals company providing competitive solutions to real world challenges with its bio-based materials.

Launch date

1996

Employees

Market cap

Enterprise valuation

€132m (Public information from Sep 2024)

Lansing Michigan (HQ)

http://ecosynthetix.com

https://twitter.com/ecosynthetixinc https://www.facebook.com/ecosynthetix https://www.linkedin.com/company/ecosynthetix-inc./

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Revenues, earnings & profits over time

USD	2017	2018	2019	2020	2021	2022	2023
Revenues	17.0m	21.7m	18.4m	13.7m	18.2m	19.0m	12.7m
% growth	-	27 %	(15 %)	(26 %)	33 %	5 %	(33 %)
EBITDA	(5.6m)	(1.9m)	(1.2m)	(1.6m)	(1.9m)	(1.8m)	(3.7m)
% EBITDA margin	(33 %)	(9 %)	(6 %)	(11 %)	(10 %)	(9 %)	(30 %)
Profit	(6.1m)	(2.4m)	(1.5m)	(2.4m)	(3.2m)	(2.4m)	(2.8m)
% profit margin	(36 %)	(11 %)	(8 %)	(18 %)	(18 %)	(12 %)	(22 %)
EV / revenue	3.0x	1.8x	4.2x	9.0x	12.5x	8.1x	10.1x
EV / EBITDA	-9.1x	-21.1x	-64.9x	-78.7x	-122.1x	-87.2x	-34.0x
R&D budget	4.5m	2.1m	1.7m	1.4m	1.8m	1.9m	2.3m
R&D % of revenue	26 %	10 %	9 %	10 %	10 %	10 %	18 %

Date	Investors	Amount	Round
-	Blue Ocean XLerator	N/A	-
Mar 2004	Cargill H.B. Fuller Northern Rivers Capital Management Tera Capital Corporation VentureLink LP Nadal Investments Delta Northern Rivers Fund 401 Capital Partners	$8.7m	Series A
Nov 2008	InvestMichigan	N/A	Early VC
Jan 2010	Canaccord Genuity	$10.1m	Series A
Nov 2010	N/A	$7.2m	Early VC
Aug 2011	N/A	N/A	IPO
Total Funding		€23.6m

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