Ilika shares plunge on profit warning

Shares in Ilika, the AIM-listed cleantech company, plunged on Tuesday after warning that revenue for the year ended April 30th will be just over half of that generated the previous year.

Shares in Ilika, the AIM-listed cleantech company, plunged on Tuesday after warning that revenue for the year ended April 30th will be just over half of that generated the previous year.

This is as a direct result of delays experience with three unrelated contracts, two of which are from new customers in the US and the third is from a new customer in Europe, all in the area of battery technology and structural materials.

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