shares of itaconix plc fell 13 on wednesday after the company said its fullyear adjusted ebitda loss will miss market expectations as it reported a widened pretax loss for the half year shares at 1443 gmt were down 085 pence at 575 pence the londonlisted polymer ingredients company posted a pretax loss for the half year ended june 30 of 11 million compared with a loss of 178000 for the same period a year earlier adjusted loss before in interest taxes depreciation and amortizationone of the companys preferred metrics which strips out exceptional and other oneoff itemswas 600000 compared with a loss of 700000 adjusted ebitda loss for the year is forecast to be 500000 compared with a loss of 16 million in 2021 revenue for the half year rose to 31 million from 14 million and the company said it expects to beat fullyear market forecasts revenue for the year is forecast at 52 million compared with 26 million in 2021 both forecasts have been taken from factset and are based on expectations by finncap the immediate and longterm prospects for itaconix are progressing very well as existing customers expand into more retailers new customers bring new formulations to market and potential major new customer projects advance in our pipeline chief executive john shaw said we expect to see at least one new eu detergent product on the market this year a new hair care ingredient launched in the coming months and major new potential in hygiene applications he said