Microcap Ledger

Tickers · $SMTK

SmartKem, Inc. $SMTK

By Microcap Ledger desk · CIK 0001817760

Facts as of . Built from SEC filings and our own data. Small caps move fast; check the latest filings.

Snapshot

Exchange
Nasdaq Capital Market
Sector
Semiconductors & Related Devices
Headquarters
Delaware, DE
Fiscal year end
December 31
Shares outstanding
28,263,733 [10-Q 2026-08-14]
as of 2026-08-12

Sources: [10-K 2026-04-08]

What the company doesAI summary of filing

SmartKem, Inc. designs and develops advanced semiconductor materials based on organic thin-film transistor (OTFT) technology, which it supplies as stable liquid inks to customers for use in display and advanced packaging applications. The company operates in a pre-revenue stage, having completed its first product sale in January 2025 to Chip Foundation under a co-development agreement. SmartKem generates revenue through the sale of formulated ink materials and provision of technical services, and also pursues licensing arrangements with royalty-based payments. The company is developing commercial-scale manufacturing processes and Electronic Design Automation tools for its TRUFLEX® semiconductor polymer platform, which it positions for use in MicroLED, LCD, AMOLED displays, advanced chip packaging, sensors, and logic applications. [10-K 2026-04-08]

Segments: TRUFLEX® organic thin-film transistor (OTFT) materials, Interlayer dielectric materials for advanced semiconductor packaging, MicroLED display products (MiP4, Smart Backlight), All-organic-transistor (AOT) biometric sensors

Financial health

From XBRL company facts (USD)
PeriodRevenueNet incomeOperating cash flowCashFiling
6 months to Jun 2026$20.0K−$22.63M −$3.39M$3.69M[10-Q 2026-08-14]
FY ended Dec 2025$697.0K−$10.51M −$7.74M$374.0K[10-K 2026-04-08]
FY ended Dec 2024$82.0K−$10.33M −$8.10M$7.14M[10-K 2026-04-08]
Quarterly cash burn
−$1.70M
Cash runway Estimate
~6.5 months

Estimate: cash at the end of the period (6 months to Jun 2026) divided by the average monthly operating cash outflow over that period. Ignores any cash raised or spent since, and any financing.

Capital structure and dilution

Summary only. How these instruments work: Dilution & financing desk.

Share count
DateShares outstandingFiling
2024-11-081,780,472[10-Q 2024-11-08]
2025-03-263,620,217[10-K 2025-03-31]
2025-05-124,431,165[10-Q 2025-05-13]
2025-08-114,544,490[10-Q 2025-08-12]
2025-11-116,134,963[10-Q 2025-11-13]
2026-04-0121,202,911[10-K 2026-04-08]
2026-05-1821,446,213[10-Q 2026-05-20]
2026-08-1228,263,733[10-Q 2026-08-14]
Shelf registration
S-3 filed 2026-09-18; no effectiveness notice found in EDGAR [S-3 2026-09-18]

Listing status

Current status: 6 Form 8-K Item 3.01 filing(s) in the last 24 months, most recent 2026-09-14. Item 3.01 covers delisting notices, failures to meet a listing rule and listing transfers; read the filing for which one.

DateEventDetailsDeadlineFiling
2026-09-148-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-09-14]
2026-04-238-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-04-23]
2026-03-118-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-03-11]
2026-02-138-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-02-13]
2025-08-158-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2025-08-15]
2024-11-158-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2024-11-15]

More on deficiency notices and uplistings: Listing status desk.

Catalysts and calendar

Facts as of . Small caps move fast; check the latest filings.