Security
SMTK · SmartKem, Inc.
SMTKNASDAQCommon stockCurrentCIK 1817760Updated Sep 24, 2026
Name history
Parasol Investments Corp · through Feb 19, 2021
SMTK price & chart
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NASDAQ:SMTK on TradingView ↗About the company
Smartkem develops and manufactures custom electronic materials designed to enable the next generation of electronics. Our advanced TRUFLEX ® materials integrate into existing manufacturing processes, supporting efficient, scalable production and high-performance outcomes across a broad range of electronic applications. We combine materials science expertise with practical engineering to deliver tailored solutions for partners seeking to innovate in electronics.
In the news
SRx Health Solutions Acquires 4.99% of Smartkem, Inc. (NASDAQ: SMTK) ↗
Smartkem and Jericho Energy Ventures Extend Letter Of Intent for Proposed All-Stock Merger to Form U.S.-Owned, AI-Focused Infrastructure Company News provided by SmartKem, Inc. Nov 20, 2025, 16:10 ET Share this article Share to X Share this article Share to X Proposed all-stock transaction aims to a ↗
Smartkem Reports Third Quarter 2025 Financial Results News provided by SmartKem Nov 13, 2025, 16:10 ET Share this article Share to X Share this article Share to X MANCHESTER, England , Nov. 13, 2025 /PRNewswire/ -- Smartkem (Nasdaq: SMTK ), which is seeking to change the world of electronics with a ↗
Recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
S-3 filing
S-1 filing
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Items 3.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
Show 5 more recent filings
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Items 5.03, 9.01
Other Events
Items 8.01, 9.01
10-Q filing
Entry into a Material Definitive Agreement · Regulation FD Disclosure
Items 1.01, 7.01, 9.01
Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities · Other Events
Items 1.01, 3.02, 8.01, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 2,288,000Source | 8,904,000Source | 11,272,000Source | 7,525,000Source |
| Property, Plant and Equipment, NetUSD | 180,000Source | 269,000Source | 455,000Source | 602,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 374,000Source | 7,141,000Source | 8,836,000Source | 4,235,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 3,000Source | — | 268,000Source | 30,000Source |
| Assets, CurrentUSD | 1,501,000Source | 8,509,000Source | 10,525,000Source | 6,442,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 575,000Source | 849,000Source | 811,000Source | 1,056,000Source |
| Operating Lease, Right-of-Use AssetUSD | 607,000Source | 120,000Source | 285,000Source | 475,000Source |
| Other Assets, NoncurrentUSD | — | 6,000Source | 7,000Source | 6,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 6,222,000Source | 2,313,000Source | 3,159,000Source | 1,642,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 1,000Source | — | — | 3,000Source |
| Additional Paid in CapitalUSD | 124,772,000Source | 122,316,000Source | 104,757,000Source | 92,930,000Source |
| Retained Earnings (Accumulated Deficit)USD | -125,129,000Source | -114,620,000Source | -95,066,000Source | -86,567,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -3,578,000Source | -1,105,000Source | -1,578,000Source | -483,000Source |
| Stockholders' Equity Attributable to ParentUSD | -3,934,000Source | 6,591,000Source | 8,113,000Source | 5,883,000Source |
| Liabilities and EquityUSD | 2,288,000Source | 8,904,000Source | 11,272,000Source | 7,525,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 5,910,000Source | 2,288,000Source | 1,768,000Source | 1,403,000Source |
| Operating Lease, Liability, CurrentUSD | 271,000Source | 47,000Source | 230,000Source | 206,000Source |
| Accounts Payable, CurrentUSD | 4,435,000Source | 843,000Source | 355,000Source | 230,000Source |
| Operating Lease, Liability, NoncurrentUSD | 312,000Source | 25,000Source | 19,000Source | 239,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -10,509,000Source | -10,330,000Source | -8,499,000Source | -11,495,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 1,040,000Source | 850,000Source | 717,000Source | 488,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 3,000Source | -269,000Source | 231,000Source | 32,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -7,736,000Source | -8,096,000Source | -8,037,000Source | -9,049,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -123,000Source | -75,000Source | -18,000Source | -79,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 123,000Source | 75,000Source | 18,000Source | 79,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 1,000,000Source | 6,532,000Source | 12,691,000Source | 1,830,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -6,767,000Source | -1,695,000Source | 4,601,000Source | -7,991,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 374,000Source | 7,141,000Source | 8,836,000Source | 4,235,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | -24,000Source | — | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 1,040,000Source | 850,000Source | 717,000Source | 488,000Source |
| DepreciationUSD | 212,000Source | 258,000Source | 145,000Source | 198,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 2,552,000Source | -647,000Source | 1,120,000Source | -1,782,000Source |
| Income Tax Expense (Benefit)USD | -24,000Source | 1,000Source | — | 24,000Source |
| Net Income (Loss) Attributable to ParentUSD | -10,509,000Source | -10,330,000Source | -8,499,000Source | -11,495,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -10,509,000Source | -19,554,000Source | — | — |
| Nonoperating Income (Expense)USD | 2,302,000Source | 135,000Source | 1,492,000Source | -1,777,000Source |
| Operating ExpensesUSD | 14,211,000Source | 11,531,000Source | 10,831,000Source | 10,873,000Source |
| Other Operating Income (Expense), NetUSD | 951,000Source | 1,017,000Source | 836,000Source | 1,172,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 697,000Source | 82,000Source | 27,000Source | 40,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 7,371,000Source | 6,342,000Source | 5,188,000Source | 5,071,000Source |
| Operating Income (Loss)USD | -12,835,000Source | -10,464,000Source | -9,991,000Source | -9,694,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -10,533,000Source | -10,329,000Source | -8,499,000Source | -11,471,000Source |
| Income Tax Expense (Benefit)USD | -24,000Source | 1,000Source | — | 24,000Source |
| Net Income (Loss) Attributable to ParentUSD | -10,509,000Source | -10,330,000Source | -8,499,000Source | -11,495,000Source |
| Earnings Per Share, BasicUSD per share | -1.29Source | -6Source | -6.32Source | -0.4Source |
| Earnings Per Share, DilutedUSD per share | -1.29Source | -6Source | -6.32Source | -0.4Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 8,156,638Source | 3,260,127Source | 1,344,892Source | 28,861,789Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 8,156,638Source | 3,260,127Source | 1,344,892Source | 28,861,789Source |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | -24,000Source | 1,000Source | — | 24,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 2,552,000Source | -647,000Source | 1,120,000Source | -1,782,000Source |
| Gross ProfitUSD | 425,000Source | 50,000Source | 4,000Source | 7,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -2,291,000Source | -1,294,000Source | -2,299,000Source | 584,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | -73,000Source | 7,000Source | — | — |
| Interest Income, OtherUSD | — | — | 12,000Source | 5,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -10,509,000Source | -19,554,000Source | — | — |
| Nonoperating Income (Expense)USD | 2,302,000Source | 135,000Source | 1,492,000Source | -1,777,000Source |
| Operating ExpensesUSD | 14,211,000Source | 11,531,000Source | 10,831,000Source | 10,873,000Source |
| Other Operating Income (Expense), NetUSD | 951,000Source | 1,017,000Source | 836,000Source | 1,172,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | — | 9,224,000Source | — | — |
| Research and Development ExpenseUSD | 7,017,000Source | 5,111,000Source | 5,556,000Source | 5,802,000Source |
Offerings
Registration 333-299019
Registration 333-295154
Registration 333-286437
Filing attachments
tm2623548d1_ex99-1.htm · 8-K · 2026-08-19
EX-99.1 2 tm2623548d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 PRESS RELEASE Smartkem, Inc. announces reverse split of common stock to support continued Nasdaq listing WILMINGTON, DE, August 19, 2026 - Smartkem, Inc. (Nasdaq: SMTK) ("Smartkem" or the "Company") today announced that its Board of Directors has approved a reverse stock split of the Company’s outstanding common stock at a ratio of 1-for-50, following authorization by shareholders at the company’s Annual Meeting of Shareholder…
Read attachment ↗tm2622015d1_ex99-1.htm · 8-K · 2026-08-03
EX-99.1 3 tm2622015d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 PRESS RELEASE Smartkem, Inc. and Ferrox Critical Minerals to Combine in All-Stock Merger Valuing Ferrox at $125 Million Combination extends Smartkem's materials platform beyond electronic materials and into critical minerals creating a fully integrate electronics company WILMINGTON, DE, [August, 3, 2026] - Smartkem, Inc. (Nasdaq: SMTK) ("Smartkem" or the "Company") today announced that it has entered into a definitive business…
Read attachment ↗tm2621383d1_ex4-1.htm · 8-K · 2026-07-27
EX-4.1 2 tm2621383d1_ex4-1.htm EXHIBIT 4.1 Exhibit 4.1 FERROX CRITICAL MINERALS CONVERTIBLE PROMISSORY NOTE Original Issuance Date: July 27, 2026 FOR VALUE RECEIVED, Ferrox Critical Minerals, a a British Virgin Islands (“ BVI ”) company (the “ Company ”), promises to pay to the order of the noteholder set forth on the signature page attached hereto (the “ Holder ”), or its registered assigns, the principal amount of $4,900,000.00 (US dollars) (the " Principal Amount "), or such lesser am…
Read attachment ↗tm2618924d2_ex4-1.htm · 8-K · 2026-06-26
EX-4.1 2 tm2618924d2_ex4-1.htm EXHIBIT 4.1 Exhibit 4.1 FERROX CRITICAL MINERALS CONVERTIBLE PROMISSORY NOTE Original Issuance Date: June 22, 2026 FOR VALUE RECEIVED, Ferrox Critical Minerals, a a British Virgin Islands (“ BVI ”) company (the “ Company ”), promises to pay to the order of the noteholder set forth on the signature page attached hereto (the “ Holder ”), or its registered assigns, the principal amount of $2,700,000.00 (US dollars) (the " Principal Amount "), or such lesser am…
Read attachment ↗tm2613090d1_ex4-1.htm · 8-K · 2026-04-29
EX-4.1 2 tm2613090d1_ex4-1.htm EXHIBIT 4.1 Exhibit 4.1 FERROX CRITICAL MINERALS CONVERTIBLE PROMISSORY NOTE Original Issuance Date: April 23, 2026 FOR VALUE RECEIVED, Ferrox Critical Minerals, a a Bristish Virgin Islands (“ BVI ”) company (the “ Company ”), promises to pay to the order of the noteholder set forth on the signature page attached hereto (the “ Holder ”), or its registered assigns, the principal amount of $2,300,000.00 (US dollars) (the " Principal Amount "), or such lesser …
Read attachment ↗tm2610643d1_ex4-1.htm · 8-K · 2026-03-31
EX-4.1 3 tm2610643d1_ex4-1.htm EXHIBIT 4.1 Exhibit 4.1 NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS A…
Read attachment ↗