Ilika – “Launches ORKA Brand for Marine Applications”, ramptastic?

Describing itself as a “UK pioneer in solid state battery technology”, Ilika (IKA) has issued a “Launches ORKA Brand for Marine Applications”-titled announcement with CEO Graeme Purdy emphasising “increasing interest and opportunity for our Goliath batteries in non-automotive markets such as e-bikes, defence and marine, which offer early routes to commercialisation”. What about this, with the shares currently nudging up to 23p in response?

Ilika – “Goliath Prototyping Progress”, any current financial significance or attempted ramptastic?

Describing itself as a “UK pioneer in solid-state battery technology”, Ilika (IKA) has announced “Goliath Prototyping Progress” emphasising “a successful outcome to its grant-supported PRIMED programme to optimise the performance of its Goliath 10Ah prototypes”. How significant is this currently in the context of the valuation at a 23.5p share price?

Ilika – full-year results emphasise “maintains commercialisation momentum of product lines”. Er, it needs to speed it up!…

Describing itself as “a global expert in the development of solid-state battery technology for electric vehicles, medical devices and consumer appliances”, Ilika (IKA) has announced results for its year ended 30th April 2026 headlined including that it “maintains commercialisation momentum of product lines”. What does that though translate to financially?

Ilika (#IKA) – raises approx. £4.56m at 28p per share, “up to a further £0.5 million” ‘retail offer’

Ilika – “First Commercial Delivery to Cirtec Medical” announcement attempted ramptastic?

Describing itself as a “UK pioneer in solid state battery technology”, Ilika (IKA) has issued a “First Commercial Delivery to Cirtec Medical”-titled announcement. What’s the detail of this and what about it helping the shares further up from recently below 30p to currently 31p?

Ilika – pilot line “commissioning complete”, “a major milestone” or attempted ramptastic?

Describing itself as a “UK pioneer in solid-state battery technology”, Ilika (IKA) has issued a “Commissioning Complete for Goliath Pilot Line” announcement which CEO Graeme Purdy describes as “a major milestone in our journey to commercialisation”. So still some way of that “journey” to go then?

Ilika – “Start of Primed Solid-State Battery Programme”, “a pivotal moment” or attempted ramptastic?

Describing itself as a “pioneer in solid-state battery technology”, Ilika plc (IKA) has issued a “Start of Primed Solid-State Battery Programme”-titled announcement which includes CEO Graeme Purdy arguing it “marks a pivotal moment in Ilika’s journey towards commercial-scale solid-state battery production. Combining invaluable automotive expertise with UKBIC’s world-class facilities, positions us strongly to accelerate the industrialisation of our Goliath technology for the rapidly evolving EV market”. What about this and a currently back up to above 40p share price in response?

Ilika plc – full-year results, still is it properly financially supported?

Most recently writing on Ilika (IKA) in February I questioned whether this company, which describes itself as “a pioneer in solid-state battery technology”, was properly financially supported. What about now-announced results for its year ended 30th April 2025 and the shares currently up to above 45p in response?

Ilika – emphasises “Scale-up Progress”, but properly financially supported?

Ilika (IKA) has announced that “its collaboration with the UK Battery Industrialisation Centre has successfully demonstrated its ability to scale key steps in the manufacturing of its Goliath battery, which is expected to reduce costs, increase the range of electric vehicles and reduce their charging time”. So what’s the detail of the demonstration and what about a current approaching 30% higher share price response towards 35p?

Ilika – full-year results, how well funded progress towards commercialisation?

Previously writing on company describing itself as “an independent global expert in solid-state battery technology” Ilika plc (IKA), in May with the shares at 28.5p I noted on an “up to” £3.4 million discounted fundraising stated “to provide additional support for the development of its Goliath solid-state battery” that I’d like to see the latest balance sheet detail first. So what of now-announced results for its year ended 30th April 2024?

Ilika – argues full-year “achieved significant milestones”, but how “significant” really currently?…

Describing itself as a “global expert in solid-state battery technology”, Ilika plc (IKA) commences an update today that “unaudited trading for the year ended 30 April 2024 has been in line with management expectations” and includes “cash and cash equivalents at the period end were £11.9m”. So what of a current 28.5p share price, down from approaching 50p as recently as last December?

Ilika – quelle surprise! As warned here, after “Capital Markets Day” & “Q&A session for retail investors”… discounted fundraising

Previously writing on company describing itself as a “global expert in solid-state battery technology” Ilika (IKA), last month I noted “Capital Markets Day” and a “Q&A session for retail investors” – hmmm, attempted ramptastic? after previously noting, with the shares at 36p on half-year results, house broker Liberum forecasting revenue/grants falling to £1.6 million and at what point is it AGAIN more bailout funding required?. Today “Proposed Placing and Open Offer… at a price of 28 pence”. You were warned…

Ilika (#IKA) – proposed £1.7m placing at 28p per share and also up to £1.7m open offer

Ilika – “Capital Markets Day and Trading Update”, attempted ramptastic and cash burn?…

Describing itself as “a pioneer in solid-state battery technology”, Ilika (IKA) commences a trading update with that “trading for the year ended 30 April 2024 has been in line with current market expectations and the company expects to generate revenue of approximately £2.0m for FY 2024 (FY 2023: £0.8m)”. So what of a current share price of 28p, down from approaching 50p as recently as December?

Ilika – interims. Er, what about the grants and cash outlooks that now dare not speak their names?…

Previously writing on company which states it is “a pioneer in solid-state battery technology” Ilika (IKA), in November with the shares at 44.5p I reviewed why it was trading update “Operating Highlights” before “Financial Highlights” and concluded avoid/sell. Now half-year results see CEO Graeme Purdy emphasising “we were delighted to successfully convert our memorandum of understanding with Cirtec into a ten-year licensing arrangement” and “we have proved that our batteries stand to deliver the clear benefits of solid-state architecture, and from here we will continue to pursue further energy and power density milestones”. So what of a share price currently slightly further down in response to 36p?

Ilika – “trading update”, why’s it “Operating Highlights” before “Financial Highlights”?…

Describing itself as “a pioneer in solid-state battery technology”, Ilika (IKA) has issued a “Trading Update, Notice of Results & Presentations”-titled announcement. Why’s it “Operating Highlights” before “Financial Highlights” in the update, I wonder…

Ilika (#IKA) – H1 increased grant funding not expected in H2, cash down to £13.2m

Ilika – argues “Key Technology Development Milestone”, how’s ‘key’ cash burn going?

Describing itself, not caring for modesty, as “a pioneer in solid state battery technology”, Ilika (IKA) has issued a “Key Technology Development Milestone”-titled announcement. What of this and the shares currently more than 20% higher at 35.5p in response?

Ilika – full-year results emphasise “scale of the opportunities”, but what about the scale of the cash burn?

Describing itself as “a pioneer in solid-state battery technology”, Ilika (IKA) has announced results for its year ended 30th April 2023 emphasising “delivering the first batches of Stereax batteries to customers” and “entering into a memorandum of understanding with our US-based manufacturing partner, Cirtec Medical”. So what of a current share price response to 33p, down over 7%?

Ilika (#IKA) – expects FY even adj. EBITDA loss up to approx. £7m, cash down to £15.8m