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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 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.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.


Price Data

Price 11,729.72
Change Today 37.73
04-Aug-21 Close 11,729.72

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