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SmartKem
(NASDAQ:SMTK)
SmartKem (SMTK) vs. SPDR S&P 500 ETF (SPY)
SmartKem Business Overview & Revenue Model
SmartKem Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 178.00K | 82.00K | 27.00K | 40.00K | 18.00K | 94.00K |
| Gross Profit | -111.00K | 50.00K | 4.00K | 7.00K | 10.00K | 39.00K |
| EBITDA | -12.79M | -9.86M | -9.50M | -9.23M | -16.66M | -15.93M |
| Net Income | -11.15M | -10.33M | -8.50M | -11.49M | -17.14M | -23.13M |
Balance Sheet | ||||||
| Total Assets | 3.25M | 8.90M | 11.27M | 7.53M | 15.06M | 2.95M |
| Cash, Cash Equivalents and Short-Term Investments | 881.00K | 7.14M | 8.84M | 4.24M | 12.23M | 763.81K |
| Total Debt | 650.00K | 72.00K | 249.00K | 465.00K | 125.00K | 244.10K |
| Total Liabilities | 6.20M | 2.31M | 3.16M | 1.64M | 1.54M | 1.10M |
| Stockholders Equity | -2.95M | 6.59M | 8.11M | 5.88M | 13.52M | 1.85M |
Cash Flow | ||||||
| Free Cash Flow | -7.50M | -8.17M | -8.05M | -9.13M | -10.88M | -4.20M |
| Operating Cash Flow | -7.39M | -8.10M | -8.04M | -9.05M | -10.54M | -4.08M |
| Investing Cash Flow | -107.75K | -75.00K | -18.00K | -79.00K | -341.00K | -118.00K |
| Financing Cash Flow | 6.53M | 6.53M | 12.69M | 1.83M | 22.20M | 4.59M |
SmartKem Technical Analysis
SmartKem Risk Analysis
SmartKem Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
51 Neutral | $169.15M | ― | -23.56% | ― | 7.53% | -15.00% | |
51 Neutral | $9.66M | -0.71 | -180.20% | ― | 2.15% | 94.29% | |
45 Neutral | $24.42M | -43.04 | -14.79% | ― | 485.62% | 85.02% | |
43 Neutral | $38.77M | -1.11 | ― | ― | -38.72% | 16.01% | |
42 Neutral | $85.29M | ― | -18.19% | ― | 2.80% | ― | |
39 Underperform | $10.14M | -0.37 | ― | ― | 345.00% | -13.31% |
SmartKem Corporate Events
On October 31, 2025, SmartKem, Inc. entered into a securities purchase agreement involving the issuance of Senior Secured Notes and Warrants to raise capital. The company has significantly reduced its operations and delayed vendor payments due to capital constraints, leading to increased accounts payable since June 30, 2025. SmartKem requires additional capital to pay vendors and resume normal operations.
The most recent analyst rating on (SMTK) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on SmartKem stock, see the SMTK Stock Forecast page.
On October 13, 2025, SmartKem entered into an Amendment Agreement with certain holders of securities from its June 2023 private placement. The agreement amends the Purchase Agreement to lower the price at which a Lower Price Issuance would occur from $4.00 to $2.75, potentially impacting the company’s financial strategy and stakeholder interests.
The most recent analyst rating on (SMTK) stock is a Sell with a $1.50 price target. To see the full list of analyst forecasts on SmartKem stock, see the SMTK Stock Forecast page.
On October 7, 2025, SmartKem, Inc. announced agreements with two consulting firms to provide investor relations services, issuing up to 500,000 shares of common stock as compensation, exempt from registration under the Securities Act. Additionally, SmartKem entered into a non-binding letter of intent with Jericho Energy Ventures Inc. on October 6, 2025, for a potential all-stock business combination, which would result in Jericho stockholders owning 65% of the combined company. The proposed transaction is subject to significant conditions and requires additional capital, with no assurance of completion.
The most recent analyst rating on (SMTK) stock is a Sell with a $1.50 price target. To see the full list of analyst forecasts on SmartKem stock, see the SMTK Stock Forecast page.
On September 3, 2025, SmartKem‘s Compensation Committee approved equity compensation awards for its executives and board members, granting options to purchase shares of common stock under the 2021 Equity Incentive Plan. Additionally, CEO Ian Jenks’s employment agreement was amended to increase his cash severance entitlement. As of September 5, 2025, the company reported having 5,479,787 shares of common stock issued and outstanding.
The most recent analyst rating on (SMTK) stock is a Sell with a $1.50 price target. To see the full list of analyst forecasts on SmartKem stock, see the SMTK Stock Forecast page.
On August 28, 2025, SmartKem announced its intention to explore strategic alternatives to enhance stockholder value, although no specific timeline or assurance of a transaction was provided. During this review, the company will continue its operations and focus on commercializing its patented technology, aiming to unlock long-term potential and accelerate towards market readiness.
The most recent analyst rating on (SMTK) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on SmartKem stock, see the SMTK Stock Forecast page.
On August 15, 2025, SmartKem, Inc. received a notification from Nasdaq indicating non-compliance with the minimum stockholders’ equity requirement for continued listing on the Nasdaq Capital Market. The company’s stockholders’ deficit was reported at ($127,000), below the required $2.5 million, and it did not meet alternative compliance standards. This notification does not immediately affect the listing of SmartKem’s common stock, which remains traded on Nasdaq. The company has until September 29, 2025, to submit a compliance plan, with the possibility of an extension until February 11, 2026, if accepted by Nasdaq.