Ilika Plc (ILIKF)

[HGilS]

Results being published on January 14th.

Expect a big BUMP !!!

Ilika Notes Surge In Share Price But Cautions On Product Development(Alliance News) - Ilika PLC on Tuesday noted the company's recent share price surge, but ...
Alliance News29 December, 2020 | 11:30AMEmail Form
(Alliance News) - Ilika PLC on Tuesday noted the company's recent share price surge, but reiterated the guidance it issued in November.

Shares in the solid-state battery technology provider were 25% higher in London on Tuesday mid-morning at 249.00 pence, topping at 280.00p. The company started December trading at 101.00p, and the stock was worth just 29.45p at the start of 2020.

At the beginning of November, Ilika had said trading in its first half, ended October 31, was in line with expectations. It noted that, despite restrictions, revenue recognition in half came in at GBP1.3 million, down from GBP1.5 million a year earlier. Loss before interest, tax depreciation and amortisation was unchanged at GBP1.0 million.

Ilika on Tuesday noted the growing interest in solid state batteries in the media in recent weeks regarding their future potential in automotive applications but cautioned that more work needs to be done.

"In particular, whilst the board is confident about the prospects for the company's Goliath larger format batteries, mass market commercialisation is dependent on further technical development and successful manufacturing scale-up," Ilika added.

Ilika plans to publish its interim results on January 14.

By Paul McGowan; [e-mail]