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

By Steve Moore | Tuesday 23 April 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

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?
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