Ilika plc trading in line with management expectations

Ilika plc

Ilika plc (LON:IKA), a pioneer in solid-state battery technology, has provided the following update on trading for the year ended 30 April 2021 and notice of its full year results announcement.

Trading Update

Trading for the year ended 30 April 2021 has been in line with management expectations. The Company expects to announce revenues of approximately £2.3m (2020: £2.8m), share based payment adjusted EBITDA loss of £2.3m (2020: £2.1m) and cash and cash equivalents at the period end were £9.8m (30 April 2019: £14.8m).

Notice of Results

Ilika expects to announce its full year results for the year ended 30 April 2021 on Tuesday 6 July 2021. 

Analyst Briefing

The management team will be hosting a remote analyst briefing on the day, Tuesday 6 July 2021, at 9.30am. Analysts who wish to attend should contact Lianne Cawthorne at Walbrook PR on +44(0)20 7933 8780 or email ilika@walbrookpr.com to register.

Investor Presentation

Graeme Purdy, CEO and Steve Boydell, Finance Director, will provide a live investor presentation relating to the final results, via the Investor Meet Company platform on Tuesday 6 July 2021, at 4.30pm. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet ILIKA PLC via:

https://www.investormeetcompany.com/ilika-plc/register-investor

Investors who already follow ILIKA PLC on the Investor Meet Company platform will automatically be invited or for more information please contact Walbrook PR at ilika@walbrookpr.com.

Ilika’s CEO, Graeme Purdy, stated: “The past year has been significant in advancing our strategy of commercialisation of our StereaxÒ batteries and development of our Goliath batteries. We look forward to sharing a full update with shareholders on 6 July.”

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