Ilika (AIM: IKA), the accelerated materials innovation company, has given DirectorsTalk its audited full-year results for the year ended 30 April 2016.
Operational highlights
-- Launch of Stereax(TM) M250 solid state battery -- Definition of roadmap covering future development pathways for Stereax -- Continuous improvement in yield and productivity of battery pilot line -- Grant of patents protecting Stereax technology -- Defence of patent position for fuel cell catalysts -- Award of grant for smart materials for electronic data storage -- Continuation of success in securing grants for aerospace alloys
— Appointment of Mike Inglis, former Chief Commercial Officer of ARM Holdings, as Non-Executive Chairman
Financial highlights
-- Revenues GBP0.6m (2015: GBP1.1m) -- Loss for the year GBP3.5m (2015: GBP2.7m) -- Loss per share 5.2p (2015: 4.1p) -- Cash, cash equivalents and bank deposits of GBP3.0m (2015: GBP6.0m)
Commenting on the results Ilika’s Chairman, Mike Inglis, said: “Since my appointment as Non-Executive Chairman at the AGM last September, I have been very encouraged to see the technical progress and increased commercial focus at Ilika. The definition of a clear solid state battery roadmap and the launch of the Stereax M250 have been important milestones on the road to commercial success. Underpinning this product development has been a continued deployment of Ilika’s high throughput platform on a focussed portfolio of materials development opportunities. I am looking forward to further progress in the year to come.”
