Ilika FY revenues slip, underlying losses widen
Ilika
19.00p
16:55 01/11/24
0.00%
0.00p
Solid-state battery manufacturer Ilika said on Monday that revenues slipped and underlying losses widened in the year ended 30 April.
Electronic & Electrical Equipment
9,460.79
17:14 01/11/24
0.64%
60.43
FTSE AIM All-Share
739.00
16:54 01/11/24
n/a
n/a
Ilika expects to post full-year revenues of approximately £2.3m, down from £2.8m a year earlier, and a share-based payment adjusted underlying loss of £2.3m, a widening of the prior year's £2.1m loss.
Cash and equivalents at the period end were £9.8m, down from £14.8m.
Chief executive Graeme Purdy said: "The past year has been significant in advancing our strategy of commercialisation of our Stereax Ò batteries and development of our Goliath batteries. We look forward to sharing a full update with shareholders on 6 July."
As of 0910 BST, Ilika shares were down 4.49% at 147.20p.