# SmartKem Inc. (SMTK)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $3M  
**Price:** $0.41 (+0.68%)

> SmartKem Inc. is a technology company that develops and commercializes advanced semiconductor materials and transistors for the electronics industry. The company focuses on organic thin-film transistors built on its proprietary TRUFLEX materials platform, designed to enable high-performance, low-temperature, solution-processed electronics. SmartKem’s technology is used primarily in display backplanes for next-generation MicroLED, LCD, mini-LED, and AMOLED displays, where it supports thinner, lighter, and more power-efficient panels. Beyond displays, its materials and transistors are engineered for applications in advanced computer and AI chip packaging, sensors, fingerprint and biometric sensing, and logic circuits. SmartKem also provides prototyping services and demonstration products to help display makers and electronics manufacturers integrate its semiconductor platform into their production workflows. Founded in 2009 and headquartered in the Manchester area in the United Kingdom, SmartKem operates within the semiconductor equipment and materials segment of the information technology sector, serving global customers in high-value electronics markets.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $697,000 | $425,000 | -$13M | -$11M | — |
| 2024 | $82,000 | $50,000 | -$10M | -$10M | — |
| 2023 | $27,000 | $4,000 | -$10M | -$8M | — |
| 2022 | $40,000 | $7,000 | -$10M | -$11M | — |
| 2021 | $18,000 | $10,000 | -$16M | -$17M | — |
| 2020 | $94,000 | $39,000 | -$5M | -$23M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $2M | $6M | -$4M | $374,000 | — |
| 2024 | $9M | $2M | $7M | $7M | — |
| 2023 | $11M | $3M | $8M | $9M | — |
| 2022 | $8M | $2M | $6M | $4M | — |
| 2021 | $15M | $2M | $14M | $12M | — |
| 2020 | $3M | $1M | $2M | $764,000 | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$8M | $123,000 | -$8M |
| 2024 | -$8M | $75,000 | -$8M |
| 2023 | -$8M | $18,000 | -$8M |
| 2022 | -$9M | $79,000 | -$9M |
| 2021 | -$10M | $341,000 | -$10M |
| 2020 | -$4M | $118,000 | -$4M |

Source: [CompaniesByCap](https://companiesbycap.com/company/SMTK)