Ilika's earnings call highlights significant progress in technology and strategic partnerships, particularly with the Stereax and Goliath products. However, financial performance and cash management remain key concerns, with major revenue streams still in development.
Company Guidance
During the investor presentation, Ilika plc provided guidance on several key metrics and future expectations. The company highlighted its strong patent portfolio, which includes 62 patents, and emphasized its adequate cash balance to execute its plans. Ilika is progressing towards revenue generation with the Stereax product line, anticipating dispatches in mid-2025, while Goliath batteries are in development with customer testing feedback expected soon. Financial highlights included a turnover of £1,000,000 mainly from grant funding, aligning with strategic cost management to maintain an EBITDA loss of £1.9 million. The presentation stressed the anticipated revenues from licensing and royalties, with early options expected to transition into full licenses over the next 18 to 24 months. The company also outlined its engagement with 21 OEMs and Tier 1 companies to scale up Goliath battery production.
Strong Patent Portfolio
Ilika holds 62 patents protecting its solid-state battery technology, crucial for IP and know-how in the battery market.
Stereax Production Milestone
Completed commissioning of equipment at Cirtec Medical site, starting initial production runs, with revenue expected to begin in mid-2025.
Goliath Battery Advancements
Achieved lithium-ion energy density parity and began testing with automotive customers. Increased battery capacity to 10 amp hours.
Grant Funding Success
Secured substantial UK grant funding for battery development projects, with expectations for continued support.
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Ilika plc (ILIKF) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ILIKF Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jan 21, 2025
$0.25
$0.27
+6.75%
Jul 11, 2024
$0.31
$0.33
+6.45%
Jan 23, 2024
$0.45
$0.43
-4.45%
Jul 13, 2023
$0.46
$0.46
-1.94%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ilika PLC (ILIKF) report earnings?
Ilika PLC (ILIKF) is schdueled to report earning on Jan 21, 2025, TBA Not Confirmed.
What is Ilika PLC (ILIKF) earnings time?
Ilika PLC (ILIKF) earnings time is at Jan 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.