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”…
