Ilika Turns Revenue-Generating with Stereax Batteries, Other Companies Report Progress
Ilika (AIM:IKA) has transitioned into a revenue-generating business for the first time, expecting initial royalties from its Stereax miniature solid-state batteries in 2027. The company also reported growing interest in its larger Goliath battery among defense and e-bike markets. Allergy Therapeutics (AIM:AGY) saw accelerated second-half growth with full-year revenue rising by 9% to £59.9 million, projecting double-digit growth next year as Grassmuno enters a peak treatment season. Ecora Royalties (LSE:ECOR) reported a significant increase in quarterly portfolio contributions due to record cobalt receipts from Voisey's Bay and expects continued deleveraging. European Green Transition (AIM:EGT), Rockfire Resources (LSE:ROCK), and Bradda Head Lithium (AIM:BHL) also announced progress, including strong wind services revenue projections, improved drilling results in Greece, and a secured lithium drilling contractor for Arizona.
Topics: collaboration drilling results growth revenue royalties