MRA Research Initiates Coverage of Axion International Holdings: Innovative Polymer Technology Drives Revenue, Already Up 82% over Prior Fiscal Year Issued by Small Cap IR
NEW YORK, Dec. 3, 2014 /PRNewswire/ -- Analyst Report Issued by Small Cap IR - Axion International Holdings, Inc. (OTCQB: AXIH) a green technology company, provides solutions to plastics manufacturers and infrastructure needs in the United States and internationally. The company operates in two segments, Engineered Products and Reprocessed Plastics. The Engineered Products segment manufactures, markets, and sells composite rail ties under the ECOTRAX brand name; and structural building products, such as heavy-and light-equipment construction mats, boards, pilings, I-beams, and T-beams under the STRUXURE brand name. The Reprocessed Plastics segment procures, recycles, reprocesses, and sells waste materials comprising raw materials, such as polypropylene and polyethylene, as well as various engineering grades of plastic scrap into resin pellets.
The addition of a new CEO dramatically strengthens leadership and is producing results. Mr. Brown worked with AXION as a strategic and technology advisor during all of 2013, joined the Company in January of this year as Chief Operating and Technology Officer, and was officially appointed President and CEO on August 4, 2014. Mr. Brown has held several senior-level positions in operations, engineering, research and new business for Norton, Saint-Gobain, Alcoa and Dow Chemical where he established operational and commercial strategies for various building products and managed materials research.
The company has experienced a dramatic improvement in financial results and signals are taking hold. Last year, AXIH brought in record revenues of $6.6 million and so far in 2014, has already bettered those results. The Company recently reported financial results for the three and nine month periods ending September 30, 2014, generating $12.0 million in revenues surpassing 2013 total revenues by 82%.
The analyst report discusses in more detail the current fundamental and technical factors that are developing to drive the stock going forward. Company overview, products, market and competition breakdown, recent events, outlook, analyst summary, price target, and recommendation are also included in the report. There is no cost obligation required to view this report:
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