Results round-up

Shares in Ilika fell almost 15% after the company posted a wider full-year pre-tax loss as it directed resources to developing its battery system, causing revenue to lose charge.

Nevertheless, chairman Mike Inglis said he was very encouraged to see the technical progress and increased commercial focus at the solid-state battery technology company.

"The definition of a clear solid state battery roadmap and the launch of the Stereax M250 have been important milestones on the road to commercial success," he added.

"Underpinning this product development has been a continued deployment of Ilika's high throughput platform on a focused portfolio of materials development opportunities."

Loss before tax was $3.8m, from £3.0m. Revenue was £0.61m, from £1.1m.

At 12:43 BST, shares in Ilika were down 13.9% to 45.2p.

AIM-listed video security systems provider IndigoVision said first-half sales fell 3% year-on-year to $21.8m with a healthy increase in camera volumes increased offset by lower camera product margins “arising from continued competitive market conditions”.

IndigoVision said gross margin remained broadly in line with 2015 as a whole and within the group's normal trading range.
The company said the impact of cuts in overheads made last year continued to flow through in the six month period.

“As a result, the group expects to report that last year's first half operating loss of $1.26m has been largely eradicated. Working capital management remains strong, with net cash of $4.6m at the period end,” it said.