{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-040116","form_type":"8-K","ticker":"SMTK","cik":"0001817760","company_name":"SmartKem, Inc.","filed_at":"2024-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.663379+00:00","generated_at":"2026-06-04T06:24:22.879893+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"SmartKem reports FY2023 loss before tax $8.5M, down from $11.5M; cash $8.8M","bullets":["Loss before income taxes $8.5M, a $3.0M improvement vs. 2022.","Cash and equivalents $8.8M as of Dec 31, 2023, up from $4.2M a year ago.","Revenue $27.0K vs. $40.0K in 2022; cost of revenue $23.0K.","Operating expenses stable at $10.8M; R&D $5.6M, SG&A $5.2M.","Closed $12.4M private placement of preferred stock and warrants in June 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-040116","json":"https://secwatch.observer/filing/0001104659-24-040116.json","markdown":"https://secwatch.observer/filing/0001104659-24-040116.md","text":"https://secwatch.observer/filing/0001104659-24-040116.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1817760/000110465924040116/0001104659-24-040116-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1817760/000110465924040116/tm249918d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T06:24:22.879893+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"702becb50d17f4d2fc397eaa955dfd66f0b7ffe3","claim":"SmartKem, Inc. reported fourth quarter and full year ended December 31, 2023 results: revenue $27.0 thousand.","evidence_excerpt":"to $4.2 million as of December 31, 2022. · Operating expenses as of December 31, 2023, were $10.8 million compared to $10.9 million as of December 31, 2022. · Revenues were $27.0 thousand for the year ended December 31, 2023, compared to $40.0 thousand for the same period of 2022. · In June 2023, Smartkem completed a private placement of its preferred stock and","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1817760/000110465924040116/0001104659-24-040116-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and full year ended December 31, 2023"},{"label":"Revenue","value":"$27.0 thousand"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}