Ilika plc AI Stock Analysis
Want to see GB:IKA full AI Analyst Report?
Ilika plc (IKA) AI Stock Analysis
Ilika plc
(LSE:IKA)
The overall score is driven mainly by very weak profitability and cash flow, which present high funding and execution risk, and by a clear negative price trend despite oversold technical conditions. These risks are partially offset by solid‑state battery technology progress, strategic partnerships, grant support and a strong patent portfolio discussed in the earnings call, which improve long‑term potential but have not yet translated into meaningful revenue or financial strength.
Ilika plc (IKA) vs. iShares MSCI United Kingdom ETF (EWC)
- Market Cap
- GBP 38.78M
- Dividend Yield
- ―
- Average Volume (3M)
- 207.25K
- Price to Earnings (P/E)
- -4.8
- Beta (1Y)
- 0.58
- Revenue Growth
- 53.47%
- EPS Growth
- -14.16%
- Country
- UK
- Employees
- 68
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Electrical Equipment & Parts
Ilika plc Business Overview & Revenue Model
Company Description
Ilika plc, an enterprise established in 2004 with its headquarters in Romsey, United Kingdom, focuses on the conception, refinement, and commercial production of solid-state battery technology. These advanced power cells are distributed globally unde...
Ilika plc Earnings Call Summary
The call presented meaningful technical and commercial progress: first Stereax revenues, manufacturing partnerships (Cirtec), automated pilot line, positive prototype feedback from OEMs, defense and Brompton collaborations, and continued grant support. However, financials remain an important constraint — revenue is still modest, EBITDA losses widened (~19% year‑on‑year), loss per share increased (~14.9%), and pilot capacity and resource limitations constrain immediate scale‑up. There is clear momentum on the technology and validation front but material execution, funding and timing risks remain.
Q4-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management guided that Ilika is transitioning to revenue generation across two product lines (Goliath large‑format and Stereax miniature) and gave detailed metrics: FY2026 revenue was £1.1m (flat YoY) including £0.1m of electrode sales to Cirtec, grant income ~£1.0m, EBITDA loss £6.2m (vs £5.2m prior) and loss per share 4.02p (vs 3.50p), year‑end cash £5.3m (plus a July top‑up raise), 88 granted patents, pilot‑line capacity ~1.5 MWh/yr (c.20,000 10Ah cells/yr), 16 Stereax customers with 19 orders, commenced M300 deliveries, shipped 10A Goliath prototypes and are converting those into a 10A MVP with early non‑automotive commercial opportunities (defence, e‑bikes/Brompton) and expected further grant support leading to option‑to‑license milestones; modeling with Balance indicated a c.20% weight (and range) benefit and a 1/3 reduction in charge time (18→12 minutes) for Goliath in a Hyundai Ioniq 5.
Ilika plc Financial Statement Overview
Summary
Ilika’s financial profile is very weak, with deeply negative margins, recurring net losses and heavy cash burn that overshadow modest revenue growth and a relatively low‑leveraged balance sheet.
Income Statement
22NegativeBalance Sheet
58NeutralCash Flow
18Very Negative| Breakdown | TTM | Apr 2026 | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 112.80K | 112.80K | 73.50K | 20.10K | 33.85K | 30.88K |
| Gross Profit | -2.55M | -2.55M | -452.70K | -1.06M | -1.97M | -1.49M |
| EBITDA | -7.10M | -7.82M | -5.38M | -4.00M | -7.30M | -6.81M |
| Net Income | -7.24M | -7.24M | -5.90M | -4.81M | -7.30M | -7.13M |
Balance Sheet | ||||||
| Total Assets | 16.77M | 16.77M | 19.45M | 22.83M | 26.91M | 33.93M |
| Cash, Cash Equivalents and Short-Term Investments | 5.35M | 5.35M | 7.98M | 11.95M | 15.87M | 23.45M |
| Total Debt | 1.08M | 1.08M | 470.70K | 625.30K | 618.48K | 847.60K |
| Total Liabilities | 2.35M | 2.35M | 2.27M | 2.47M | 2.14M | 2.50M |
| Stockholders Equity | 14.42M | 14.42M | 17.18M | 20.36M | 24.77M | 31.44M |
Cash Flow | ||||||
| Free Cash Flow | -5.36M | -5.36M | -6.28M | -4.13M | -7.45M | -10.08M |
| Operating Cash Flow | -4.70M | -4.70M | -4.18M | -2.46M | -6.05M | -5.64M |
| Investing Cash Flow | -1.48M | -1.48M | 2.47M | -5.06M | -1.40M | -4.44M |
| Financing Cash Flow | 3.55M | 3.55M | 1.93M | -316.70K | -75.78K | 23.71M |
Ilika plc Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:IKA, the sentiment is Negative. The current price of 19.50 is below the 20-day moving average (MA) of 21.21, below the 50-day MA of 21.80, and below the 200-day MA of 27.79, indicating a bearish trend. The MACD of -0.78 indicates Positive momentum. The RSI at 33.83 is Neutral, neither overbought nor oversold. The STOCH value of 34.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:IKA.
Ilika plc Risk Analysis
Ilika plc disclosed 6 risk factors in its most recent earnings report. Ilika plc reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
0 New RisksIlika plc Peers Comparison
Overall Rating
GB:VLX69Neutral
GB:CWR50Neutral
GB:GELN49Neutral
GB:XPP49Neutral- GB:IKA43Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| GB:VLX | 69Neutral | GBP 1.03B | 19.93 | 15.29% | 0.91% | 16.81% | 84.86% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| GB:CWR | 50Neutral | GBP 588.50M | -15.42 | -17.63% | ― | -22.86% | -25.81% |
| GB:GELN | 49Neutral | GBP 44.74M | -6.31 | -40.88% | ― | -94.63% | 24.26% |
| GB:XPP | 49Neutral | GBP 476.20M | -53.34 | -4.89% | ― | -1.21% | 46.27% |
| GB:IKA | 43Neutral | GBP 38.78M | -4.84 | -45.06% | ― | 53.47% | -14.16% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GB:IKA | Ilika plc | 19.50 | -25.50 | -56.67% | |
| GB:CWR | Ceres Power Holdings | 264.60 | -90.20 | -25.42% | |
| GB:VLX | Volex plc | 527.00 | 102.66 | 24.19% | |
| GB:XPP | XP Power | 1676.00 | 732.00 | 77.54% | |
| GB:GELN | Gelion PLC | 19.50 | 0.00 | 0.00% |
Ilika plc Corporate Events
Ilika launches ORKA deep-sea battery brand to target defence and marine AUV markets
PositiveIlika plc has introduced the ORKA brand for its deep-sea battery systems, targeting the growing market for pressure-tolerant power solutions used in Autonomous Underwater Vehicles deployed for commercial surveys and defence infrastructure protection....
Ilika Shareholders Back AGM Resolutions as Executives Receive Deferred Share Options
PositiveIlika reported that all resolutions at its latest Annual General Meeting were passed with strong shareholder support, including approval of the 2025–26 accounts, the directors’ remuneration report, director re-elections, auditor reappointment and aut...
Ilika appoints senior UK defence figure to drive solid-state battery expansion
PositiveIlika has strengthened its push into defence-related applications of its solid-state battery technology with the appointment of Maj Gen (Retd) Robin Anderton-Brown as strategic defence sector advisor. The former 2 Star Director of Capability at UK St...
Ilika boosts Goliath solid-state battery performance with UK-backed PRIMED project
PositiveIlika plc has successfully completed its PRIMED programme, funded under the UK Government’s DRIVE35 initiative, to optimise the performance of its 10Ah Goliath solid-state battery prototypes. The company focused resources on enhancing the 10Ah format...
Ilika sets September AGM, publishes 2026 annual report and investor presentation
PositiveIlika plc, the AIM-listed solid-state battery developer, focuses on Stereax micro-batteries for medical and industrial IoT uses and Goliath large-format batteries for electric vehicles and cordless appliances, commercialised via IP licensing to manuf...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 09, 2026