Ilika (LON:IKA) Announces Earnings Results

Ilika (LON:IKA) released its earnings results on Wednesday. The company reported GBX (4.02) earnings per share for the quarter, Digital Look Earnings reports. Ilika had a negative return on equity of 42.08% and a negative net margin of 138,475.47%.

Ilika Price Performance

Shares of LON:IKA traded down GBX 1.50 during midday trading on Wednesday, hitting GBX 27. The company had a trading volume of 762,842 shares, compared to its average volume of 265,743. Ilika has a twelve month low of GBX 24 and a twelve month high of GBX 51. The stock has a market cap of £48.82 million, a price-to-earnings ratio of -5.95 and a beta of 2.16. The company has a debt-to-equity ratio of 3.18, a current ratio of 9.07 and a quick ratio of 15.43. The business’s 50-day simple moving average is GBX 31.40 and its 200-day simple moving average is GBX 31.23.

About Ilika

Ilika plc (LON: IKA) is a pioneer in solid state battery technology with their innovative Stereax micro batteries designed for Industrial IoT and MedTech markets, and their Goliath large format batteries for the electric vehicle and consumer electronics markets. Ilika works closely with its ecosystem of partners to provide them with customisable Stereax micro batteries that provide the specific power requirements their IoT or MedTech application requires. Stereax battery technology offers compelling advantages over conventional lithium ion batteries, including smaller footprint, high energy density, non-toxic materials, faster charging, increased cycle life, low leakage and reduced flammability.