SmartKem (SMTK)
NASDAQ:SMTK
Want to see SMTK full AI Analyst Report?
Top Page
SmartKem
(NASDAQ:SMTK)
Select Model
Select Model
Rating:44Neutral
Price Target:
$0.24
▼(-79.58% Downside)
Action:Reiterated
Date:05/21/26
The score is primarily held down by persistent losses and ongoing cash burn, alongside a weak longer-term technical trend. Valuation offers limited support due to negative earnings and no dividend, while recent financings modestly help liquidity but add dilution and listing-risk concerns.
Positive Factors
High Gross Margin
A ~99% gross margin indicates the materials and licensing model can generate very high incremental profits on sales of core products. That margin cushion supports long-term margin sustainability, funding of R&D and partner support even before full operating leverage is achieved.
Negative Factors
Negative Operating & Free Cash Flow
Sustained negative operating and free cash flow (~-$6M TTM) creates persistent funding need. For a company still qualifying partners and scaling licensing, ongoing cash burn elevates execution and dilution risk unless operating cash generation improves materially.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margin
A ~99% gross margin indicates the materials and licensing model can generate very high incremental profits on sales of core products. That margin cushion supports long-term margin sustainability, funding of R&D and partner support even before full operating leverage is achieved.
Read all positive factors
SmartKem (SMTK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.17M
Dividend YieldN/A
Average Volume (3M)345.23K
Price to Earnings (P/E)―
Beta (1Y)0.13
Revenue Growth560.95%
EPS Growth57.92%
CountryUS
Employees27
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-2.31
Shares Outstanding21,446,213
10 Day Avg. Volume406,804
30 Day Avg. Volume345,225
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)-2.22
Price to Sales (P/S)0.56
P/FCF Ratio-1.11
Enterprise Value/Market Cap-1.13
Enterprise Value/Revenue-0.38
Enterprise Value/Gross Profit-0.38
Enterprise Value/Ebitda3.18
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SmartKem Business Overview & Revenue Model
Company Description
SmartKem, Inc. engages in the development of materials and processes for organic thin-film transistors backplanes for the manufacture of flexible electronics. Its transistor stacks are used in various applications, including bendable smart-phone d...
How the Company Makes Money
SmartKem generates revenue primarily through licensing and related commercialization arrangements for its organic semiconductor materials technology and manufacturing process know-how, rather than through high-volume in-house manufacturing of end ...
SmartKem Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
46
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.61M | 15.61M | 82.00K | 27.00K | 40.00K | 18.00K |
| Gross Profit | 15.35M | 15.34M | 50.00K | 4.00K | 7.00K | 10.00K |
| EBITDA | -1.84M | -1.42M | -9.86M | -9.50M | -9.23M | -16.66M |
| Net Income | -27.74M | -10.51M | -10.33M | -8.50M | -11.49M | -17.14M |
Balance Sheet | ||||||
| Total Assets | 9.48M | 2.29M | 8.90M | 11.27M | 7.53M | 15.06M |
| Cash, Cash Equivalents and Short-Term Investments | 7.57M | 374.00K | 7.14M | 8.84M | 4.24M | 12.23M |
| Total Debt | 608.00K | 1.51M | 72.00K | 249.00K | 465.00K | 125.00K |
| Total Liabilities | 4.07M | 6.22M | 2.31M | 3.16M | 1.64M | 1.54M |
| Stockholders Equity | 5.41M | -3.93M | 6.59M | 8.11M | 5.88M | 13.52M |
Cash Flow | ||||||
| Free Cash Flow | -6.09M | -7.86M | -8.17M | -8.05M | -9.13M | -10.88M |
| Operating Cash Flow | -5.97M | -7.74M | -8.10M | -8.04M | -9.05M | -10.54M |
| Investing Cash Flow | -123.00K | -123.00K | -75.00K | -18.00K | -79.00K | -341.00K |
| Financing Cash Flow | 9.60M | 1.00M | 6.53M | 12.69M | 1.83M | 22.20M |
SmartKem Technical Analysis
Negative
1.19
Price Trends
0.27
Negative
0.45
Negative
1.02
Negative
Market Momentum
-0.01
Positive
44.92
Neutral
33.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SMTK, the sentiment is Negative. The current price of 1.19 is above the 20-day moving average (MA) of 0.27, above the 50-day MA of 0.27, and above the 200-day MA of 1.02, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 44.92 is Neutral, neither overbought nor oversold. The STOCH value of 33.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SMTK.
SmartKem Risk Analysis
SmartKem disclosed 46 risk factors in its most recent earnings report. SmartKem reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
SmartKem Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
58 Neutral | $43.84M | 0.11 | -2573.87% | ― | -38.72% | 16.01% | |
54 Neutral | $19.82M | -5.08 | -45.37% | ― | 133.48% | -92.38% | |
52 Neutral | $63.96M | -0.16 | -134.56% | ― | -34.03% | ― | |
48 Neutral | $339.04M | -3.58 | -29.33% | ― | 11.92% | 7.07% | |
46 Neutral | $15.33M | -1.17 | -171.32% | ― | -40.57% | 75.19% | |
44 Neutral | $5.17M | -0.04 | -610.88% | ― | 560.95% | 57.92% |
* Technology Sector Average
SMTK
SmartKem
0.24
-1.15
-82.66%
PRSO
Peraso
1.04
0.18
20.79%
PXLW
Pixelworks
6.89
1.01
17.16%
LEDS
SemiLEDs
2.40
-0.17
-6.61%
SQNS
Sequans Communications S A
4.20
-14.10
-77.05%
VLN
Valens
3.22
0.97
43.11%
SmartKem Corporate Events
Business Operations and StrategyPrivate Placements and Financing
SmartKem Provides Convertible Bridge Loan to Ferrox Minerals
Positive
Apr 29, 2026
On April 23, 2026, SmartKem, Inc. provided a $2.3 million bridge loan to British Virgin Islands-based Ferrox Critical Minerals via a convertible promissory note bearing 5% annual interest and maturing on October 30, 2026, with SmartKem receiving a...
Delistings and Listing ChangesPrivate Placements and FinancingRegulatory Filings and ComplianceStock Split
SmartKem Raises Capital Through New Private Placement Agreements
Positive
Mar 31, 2026
On March 30, 2026, SmartKem entered a private placement agreement to issue 11,411.5 shares of Series A Convertible Preferred Stock and warrants for up to 23,251,960 common shares, with gross proceeds expected at about $9.1 million, partly via exch...
Private Placements and Financing
SmartKem Announces Equity Financing Agreement With Investors
Positive
Mar 26, 2026
On March 20, 2026, SmartKem, Inc. entered into a securities purchase agreement with institutional investors to sell 11,365,350 shares of its common stock at $0.2303 per share under an effective shelf registration. The transaction is expected to cl...
Business Operations and StrategyPrivate Placements and Financing
SmartKem Secures New Financing and Settles Prior Notes
Positive
Mar 19, 2026
On March 18, 2026, SmartKem, Inc. entered into a Securities Purchase Agreement with accredited investors to issue senior secured promissory notes with an aggregate original principal of $3.75 million for a discounted purchase price of $2.625 milli...
Delistings and Listing ChangesRegulatory Filings and Compliance
SmartKem Receives Nasdaq Notice on Minimum Bid Compliance
Negative
Mar 12, 2026
On March 5, 2026, SmartKem, Inc. disclosed that it had received a notification from Nasdaq staff stating the company was no longer in compliance with the exchange’s minimum bid price requirement, after its common stock traded below $1.00 per...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.