Agilyx Announces Publication of 2020 Annual Report
- This is the company’s inaugural annual report
- The report highlights corporate activities and results, as well as sustainability highlights
OSLO, Norway – April 22, 2021 – Agilyx AS (Euronext Growth (Oslo): “AGLX”), a pioneer in the advanced recycling of post-use plastics, today announced that it has released its annual report for the fiscal year ending on December 31, 2020.
Consolidated group revenues in 2020 totaled USD 4.3 million, with a gross margin of USD 1.9 million and a loss from operations of USD 6.7 million. On the consolidated group balance sheet at year end, cash and cash equivalents totaled USD 38.9 million and notes payable totaled USD 2.9 million. In addition to financial results, the integrated report details the company’s goals and commitment to sustainability, responsible business practices, the environment, and social responsibility.
Agilyx has been publicly traded on the Euronext Growth exchange in Oslo since September 2020. Integrating the company’s financial results with its sustainability and environment/social/governance (ESG) goals and reporting underscores the company’s belief that sustainability is a key metric to Agilyx’s overall success.
The 2020 report introduces the science and solutions of chemical recycling, an emerging global industry.
“Sustainability is at the core of everything we do, and our commitment to circularity is fully integrated into our business,” Tim Stedman, chief executive officer of Agilyx stated. “This is why we are particularly proud to e-publish our first-ever integrated annual report. It has been less than a year since we publicly listed our shares, during which time we have made excellent progress in enhancing our governance and our commitment to sustainability, as evidenced by new sustainability goals that both reflect our core business priorities and are aligned with the United Nations Sustainable Development Goals.”
The full report is available on the investor relations section of the Agilyx website at agilyx.com/investors.
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Agilyx (AGLX), is an early leader in the advanced recycling of difficult-to-recycle post-use plastic streams. With Agilyx's chemical recycling technology, mixed plastic waste can be converted to new virgin-equivalent plastics, as well as chemical products and fuels – creating the opportunity for true circularity. The company has not only developed these first-to-market products but has also developed a feedstock management company Cyclyx International, Inc. and is working with many waste service providers, municipalities, petrochemical, and brand and retail companies to develop closed-loop advanced recycling solutions for mixed waste plastics. www.agilyx.com.