# Ilika plc A solid half year report

- Link: https://www.directorstalkinterviews.com/ilika-plc-a-solid-half-year-report/412803692
- Published: 2020-01-23T07:44:42+00:00
- Author: Giles Arbor

**[Ilika plc](https://www.directorstalkinterviews.com/company/ilika-plc/ika.l)**(
[LON: IKA](https://www.directorstalkinterviews.com/company/ilika-plc/ika.l)), a 
pioneer in solid-state battery technology, has today announced its unaudited half
yearly report for the six months ended 31 October 2019.

**Operating Highlights:**

Ilika has continued to develop and commercialise its thin-film miniature solid-state
batteries for powering wireless sensors, as well as progressing its development 
of large format Goliath cells for electric vehicles (EV).

· Launched the latest of the Company’s miniature batteries, the Stereax® M50 in 
April 2019, designed for medical implants

· Continued the commercialisation of its Stereax® batteries for industrial wireless
sensors, which is the Company’s second significant addressable market opportunity
and part of the industrial Internet of Things ecosystem

· Executed other demonstration deployments including wind turbines, rail networks
and environmental pollution monitors and process control

· Third Goliath alliance, project “Granite”, launched in September 2019 and led 
by Jaguar Land Rover. This project is supported by grant funding from the UK Government’s
Faraday Battery Challenge.

· Total grant support offered to Ilika for its Goliath programme to date is £5m

· In September 2019 the Company opened its new large format battery facility, the
Goliath pilot line, to support its portfolio of industrial collaborations.

**Financial Summary:**

· Total revenue for the period £1.5m (H1 2018: £1.0m)

· Loss per share 1p (H1 2018: 1p per share)

· EBITDA loss £1.0m (H1 2018: £1.3m)

· Cash balance at period end £1.9m (H1 2018: £5.8m) with £0.7m banked post period
end

**Post period end:**

· Awarded the Green Economy Classification by the London Stock Exchange, recognising
its contribution to a more sustainable economy.

> **Commenting on the results Graeme Purdy, CEO of Ilika plc, said:** “The first
> half of this financial year has seen us increase the utilisation of the production
> capacity of our Stereax® pilot line in response to commercial demand, positioning
> us for the scale-up of miniature battery production. In parallel, we have demonstrated
> our ability to act in an agile manner by rapidly completing our new pilot line
> for Goliath cells. We look forward to sustained momentum through the rest of this
> year and beyond.”

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