Ilika (IKA)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

27.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 48.94
  • 52 Week Low: 24.50
  • Currency: UK Pounds
  • Shares Issued: 167.30m
  • Volume: 152,316
  • Market Cap: £45.17m

Ilika progresses Stereax manufacturing plans and Goliath development programme

By Iain Gilbert

Date: Friday 19 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Battery technology firm Ilika said on Friday that it had progressed both the implementation of manufacturing plans for Stereax and accelerated the development of its Goliath large format cells.
As far as its Stereax miniature solid-state batteries project was concerned, Ilika said outfitting of its fabrication facility had been successfully completed, with key tools commissioned for its proprietary cell manufacturing process.

In line with previous guidance, process qualification was expected to take until the end of 2021, with product qualification starting in the first quarter of 2022 and product sales pegged for the second quarter.

Turning to the AIM-listed company's Goliath large-format solid-state battery, recently raised funds will be used to develop the technology through Li-ion equivalence by the end of 2022 and to increase the throughput of the Goliath pilot line in Romsey.

After achieving cell manufacturing readiness, expected to take place in 2024, Ilika will transfer production to a mega-scale facility such as the UK-BIC, with which it has a framework agreement, before moving to giga-scale through a joint venture or licensing.

In terms of earnings, Ilikia reported that its underlying loss for the period widened to £2.7m from £1.0m a year ago due to a reduction in revenue recognition and an increase in operational costs associated with Stereax and the Goliath development programme.

Chief executive Graeme Purdy said: "Despite ongoing supply chain disruptions and the operational challenges posed by the restrictions accompanying the Covid-19 pandemic, Ilika has progressed both the implementation of its manufacturing plans for Stereax and accelerated the development of its Goliath large format cells."

As of 1035 GMT, Ilika shares were down 1.28% at 139.20p.

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Ilika Market Data

Currency UK Pounds
Share Price 27.00p
Change Today -0.50p
% Change -1.82 %
52 Week High 48.94
52 Week Low 24.50
Volume 152,316
Shares Issued 167.30m
Market Cap £45.17m

Ilika Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
34.25% below the market average34.25% below the market average34.25% below the market average34.25% below the market average34.25% below the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Price Trend
67.56% below the market average67.56% below the market average67.56% below the market average67.56% below the market average67.56% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Income Not Available
Growth
60.15% above the market average60.15% above the market average60.15% above the market average60.15% above the market average60.15% above the market average
70.59% above the sector average70.59% above the sector average70.59% above the sector average70.59% above the sector average70.59% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
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 12-Jul-2024

Time Volume / Share Price
17:09 29,888 @ 27.00p
16:07 1,000 @ 28.00p
15:55 891 @ 27.39p
15:43 10,000 @ 26.00p
15:17 75 @ 26.00p

Ilika Key Personnel

CEO Graeme Purdy
Chair Keith Jackson

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