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Ilika FY revenues slip, underlying losses widen
By Iain Gilbert
Date: Monday 21 Jun 2021
LONDON (ShareCast) - (Sharecast News) - Solid-state battery manufacturer Ilika said on Monday that revenues slipped and underlying losses widened in the year ended 30 April.
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.
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