AIM movers: Itaconix and Eagle Eye beating expectations

Sustainable additives producer Itaconix (LON: ITX) increased interim revenues 72% to $8.3m with dishwasher demand continuing to rise. Guidance for revenues has been raised from $13.3m to at least $14.8m. There was growth in North America and Europe. Gross margins are improving. This should be enough to breakeven and invest more. There is plenty of spare capacity to grow into and new products are being developed. The share price gained 22.1% to 143.5p.

Retail loyalty programme technology developer Eagle Eye (LON: EYE) beat expectations in 2025-26. Annualised recurring revenues increased 31% to £44.5m and net revenue retention was 111%. The loss of a major customer was going to this this year’s profit but the fall from £6.6m to £3.4m was less than anticipated. The share price improved 7.53% to 500p.

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MicroSalt (LON: SALT) shareholder VHM Global Research has reduced its shareholding from 4.85% to 3.74%. The share price recovered 5.53% to 21p.

Shares in Revolution Beauty (LON: REVB) rose 3.59% to 5.2p ahead of full year results on 21 July.

FALLERS

Building products supplier Alumasc (LON: ALU) has suspended its new chief executive Pamela Bingham and it is investigating het professional conduct. She was appointed at the beginning of April 2026. The divisions have experienced management. Alumasc says trading is broadly in line with expectations, although forecasts have been trimmed. Underlying pre-tax profit is expected to decline from £14m to £10m. Housebuilding products sales grew by 16%, but strong comparatives and delays to orders meant that water management sales fell. The share price declined 8.7% to 210p.

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Environmental monitoring technologies developer Metir (LON: MET) has entered a memorandum of understanding with Portsmouth Aviation subsidiary Paqua, which manufactures water purification systems. They will evaluate integrated water treatment and biological water-quality monitoring opportunities through combining technologies. The share price dipped 12.9% to 0.675p.

The Property Finance Group (LON: TPFG) has fallen following the recent poor trading statement from Foxtons (LON: FOXT), but Canaccord Genuity says that the reduction in Foxtons revenues was due to past recognition. TPFG has always had a more conservative revenue recognition policy with revenues related to cash generation. The Renters’ Rights Act may be having some effect on lettings, but it provides an opportunity to take on individual landlords who do not use agents at the moment. The 2026 pre-tax profit forecast is maintained at £33.2m. The share price fell 2.75% to 442.5p. The prospective multiple is less than 12.

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