---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-088335"
form_type: "8-K"
ticker: "SMTK"
cik: "0001817760"
company_name: "SmartKem, Inc."
filed_at: "2024-08-12T23:59:59+00:00"
generated_at: "2026-05-31T10:07:30.048187+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SmartKem reports Q2 2024 revenue of $40K, net loss of $3.1M; cash drops to $4.4M

## Summary
- Revenue $40K (up from $8K Q2 2023); gross profit $8K.
- Q2 net loss $3.1M vs $2.0M loss in prior year; operating expenses $3.0M (+$0.5M).
- Cash $4.4M at June 30, 2024, down from $8.8M at Dec 31, 2023; H1 operating cash burn $4.4M.
- Uplisted to Nasdaq in May 2024; new partnerships with RiTdisplay (AMOLED), ITRI (foundry), Tianma (biosensors).
- Basic loss per share $0.98 (Q2 2024) vs $1.82 (Q2 2023); weighted shares 3.16M.

## SEC filing metadata
- accession: 0001104659-24-088335
- form_type: 8-K
- ticker: SMTK
- cik: 0001817760
- company_name: SmartKem, Inc.
- filed_at: 2024-08-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1817760/000110465924088335/0001104659-24-088335-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817760/000110465924088335/tm2421204d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-088335
- JSON: https://secwatch.observer/filing/0001104659-24-088335.json
- Plain text: https://secwatch.observer/filing/0001104659-24-088335.txt

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