secwatch.observer — SEC 8-K summary
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Issuer:     SmartKem, Inc. (SMTK)
CIK:        0001817760
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001104659-24-040116
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817760/000110465924040116/0001104659-24-040116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817760/000110465924040116/tm249918d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-040116

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer