---
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"
generated_at: "2026-06-04T06:24:22.879893+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SmartKem reports FY2023 loss before tax $8.5M, down from $11.5M; cash $8.8M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-040116
- JSON: https://secwatch.observer/filing/0001104659-24-040116.json
- Plain text: https://secwatch.observer/filing/0001104659-24-040116.txt

## Key facts
- Earnings Releases
  SmartKem, Inc. reported fourth quarter and full year ended December 31, 2023 results: revenue $27.0 thousand.
  - Period: fourth quarter and full year ended December 31, 2023
  - Revenue: $27.0 thousand
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1817760/000110465924040116/0001104659-24-040116-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.