Materials technology developer Ilika has some good news for a change.
Ilika recently warned that contract delays will lead to much lower revenues in the year to April 2013. However, one of the three contracts it referred to has been signed but much of the revenue will not be recognised until the next financial year. The contract is with a European manufacturer and relates to the optimisation of lithium-ion materials.
Ilika is still likely to run short of cash in the next year or so.
At 30.5p a share, Ilika is valued at £14m.
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