Ilika (IKA)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

88.00p
   
  • Change Today:
      6.60p
  • 52 Week High: 100.00
  • 52 Week Low: 20.47
  • Currency: UK Pounds
  • Shares Issued: 138.60m
  • Volume: 88,093
  • Market Cap: £121.97m

Ilika shares tumble after half-year report

By Josh White

Date: Thursday 23 Jan 2020

LONDON (ShareCast) - (Sharecast News) - Solid state battery technology company Ilika reported an improvement in total revenue for its first half on Thursday, to £1.5m, up from £1.0m year-on-year.
The AIM-traded firm said its losses per share remained stable at 1p, while its EBITDA loss for the six months ended 31 October narrowed to £1m from £1.3m.

Its cash balance at period end totalled £1.9m, down from £5.8m, with £0.7m banked since the period ended.

On the operational front, Ilika said it had continued to develop and commercialise its thin-film miniature solid-state batteries for powering wireless sensors, as well as progressing its development of large-format 'Goliath' cells for electric vehicles (EV).

It noted that it launched the latest of its miniature batteries, the 'Stereax M50' in April, designed for medical implants.

The company also continued the commercialisation of its 'Stereax' batteries for industrial wireless sensors, which is its second significant addressable market opportunity and part of the industrial 'internet of things' (IoT) ecosystem.

Ilika said it executed other demonstration deployments including wind turbines, rail networks and environmental pollution monitors and process control during the half-year, and launched its third Goliath alliance, dubbed 'project Granite', in September.

That allisance was being led by Jaguar Land Rover, with the project being supported by grant funding from the UK government's Faraday Battery Challenge.

Total grant support offered to Ilika for its Goliath programme to date was £5m.

In September, the company opened its new large-format battery facility, the Goliath pilot line, to support its portfolio of industrial collaborations.

Since the period ended, Ilika noted that it was awarded the Green Economy Classification by the London Stock Exchange, recognising its contribution to a more sustainable economy.

"The first half of this financial year has seen us increase the utilisation of the production capacity of our 'Stereax' pilot line in response to commercial demand, positioning us for the scale-up of miniature battery production.

"In parallel, we have demonstrated our ability to act in an agile manner by rapidly completing our new pilot line for Goliath cells.

"We look forward to sustained momentum through the rest of this year and beyond."

At 1611 GMT, shares in Ilika were down 17.47% at 36.72p.

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Ilika Market Data

Currency UK Pounds
Share Price 88.00p
Change Today 6.60p
% Change 8.11 %
52 Week High 100.00
52 Week Low 20.47
Volume 88,093
Shares Issued 138.60m
Market Cap £121.97m

Ilika Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
52.35% below the market average52.35% below the market average52.35% below the market average52.35% below the market average52.35% below the market average
23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% below the sector average
Price Trend
97.59% above the market average97.59% above the market average97.59% above the market average97.59% above the market average97.59% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income Not Available
Growth
32.18% above the market average32.18% above the market average32.18% above the market average32.18% above the market average32.18% above the market average
35.14% above the sector average35.14% above the sector average35.14% above the sector average35.14% above the sector average35.14% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ilika Dividends

No dividends found

Trades for 29-Sep-2020

Time Volume / Share Price
16:35 600 @ 88.00p
16:33 10,000 @ 88.00p
16:33 10,000 @ 87.50p
16:25 20,000 @ 88.00p
16:25 5,000 @ 87.00p

Ilika Key Personnel

CEO Graeme Purdy
Finance Director Stephen John Boydell
Chair Keith Jackson

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