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Ilika reports first commercial revenue from solid-state Stereax batteries and expands market reach.

Market News
21 May 2026
Proactive Investors
View Source
Bullish
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Ilika PLC has generated its first commercial revenue from its miniature Stereax solid-state battery range, securing a purchase order from Cirtec Medical and delivering the initial batch in March. The company is expanding its larger-format Goliath battery applications beyond automotive to defence and consumer sectors, receiving positive feedback from a UK defence agency and partnering with Brompton for e-bike batteries. Ilika expects around £1.1 million in revenue for the year ending April 30, with a wider EBITDA loss and reduced cash reserves compared to the previous year. This marks a significant step in commercializing their solid-state battery technology and broadening market opportunities.

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