Describing itself as “a pioneer in solid-state battery technology”, Ilika plc (IKA) has issued an update following its half-year ended 31st October 2022 including that “M300 product qualification is now expected to complete in Q2 calendar year 2023… ramp-up is now expected to take five years to reach capacity of the UK manufacturing facility”. What does it mean financially?
Ilika (IKA) has announced results for its year ended 30th April 2022 including emphasising that it “has continued to develop and commercialise its thin-film Stereax miniature solid-state batteries for powering implantable medical devices and industrial wireless sensors in hostile environments, as well as progressing the development of its large-format Goliath cells for electric vehicles and cordless appliances” and “cash, cash equivalents and bank deposits of £23.4m (2021: £9.8m)”. So what of a current 45p share price, £70.9 million market cap, down approaching 12%?
A week ago solid-state battery technology company Ilika (IKA) made a “Goliath Scale-up Update” announcement, emphasising “Scale-up plans validated - highlighting cost-saving benefits at higher volume production levels”. That helped the shares remain above 100p and they last closed at 95p before today a trading update...
Self-styled “pioneer in solid-state battery technology” Ilika (IKA) is “pleased to announce” an up to £24.7 million equity fundraise... and the shares have currently responded to 165p, more than 17% lower. Hmmm...
Hello, Share Scramblers. With some unwelcome dips in Footsie shares at the moment, perhaps we might look to smaller cap merchants in the hopes of making some money. Allow me to bring to your attention to Ilika (IKA). This is another company hoping to make hay out of alternative energy.
Writing on self-styled “pioneer in solid-state battery technology” Ilika (IKA) earlier this week I noted more ramptastic stuff from long-time loss-making Purdy & the bonus people. Now a “Bonus Share Options, Exercise of Options & TVR” announcement. Who are these ‘bonus share options’ for then?...
Self-styled “pioneer in solid-state battery technology and materials innovation” Ilika (IKA) “announces the offer of a further £0.9m funding directly to Ilika under the UK Government's Faraday Battery Challenge: Innovation R&D, round three, for the 'Granite project', via the UK's innovation agency, Innovate UK… The consortium's expertise, backed by Government financial support, will allow Britain's best talent to be brought to bear, so that the UK can take the lead in this transformative technology”…
Shares in Ilika (IKA) are currently 15% higher on the day, heading towards 20p, on the back of an announcement of “Pre-launch samples of mm-scale batteries shipped”. However, I immediately note the announcement is an ‘RNS Reach’ rather than a formal RNS. Hmmm…
Previously writing on Ilika (IKA) in March, it was collaboration agreement, argues “large global markets” potential but still cash crunch first?. Today a “Results of General Meeting and Open Offer” announcement…
Ilika (IKA) has announced “a collaboration with PragmatIC and Arm Holdings to further progress development in ultra-thin and flexible semiconductor technology for mass market applications” - and the shares have currently responded higher above 24p. So what’s the detail?...
Self-described “pioneer in solid-state battery technology and materials innovation”, Ilika (IKA) has announced results for its half year ended 31st October 2017 emphasising that it “has delivered a series of Stereax development and deployment partnerships which are driving revenue growth and enhancing insight into the addressable sectors for its technology”. Sounds promising…
Self-described “pioneer in materials innovation and solid-state battery technology”, Ilika (IKA) has updated on its half-year ended 31st October 2017, including CEO Graeme Purdy commenting “our proven innovation engine for novel functional materials has been firing on all cylinders in the first half of this year”. What has tangibly been delivered though Graeme?...
Self-described “pioneer in materials innovation and solid-state battery technology”, Ilika (IKA) has followed recent “Toyota Funds Collaboration with Ilika” and “Collaboration with Galvani Bioelectronics” announcements with a “Trading update” commencing with that such deals “are resulting in a strong ramp-up of revenue relative to 2015/16”. Good, good… You what? The shares currently down circa 15%, approaching 40p?!?...
Materials innovation and solid-state battery technology-focused, Ilika (IKA) has announced that results for the six months ended 31st October 2016 “are expected to show total revenue for the period of £330k (H1 2015: £254k)”, but also “notifications of intent to award three new grants” and “a notification of intent to award a commercially-funded materials development programme” – and the shares are currently approaching 6% higher to 45p in response…
