secwatch.observer — SEC 8-K summary
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Issuer:     SmartKem, Inc. (SMTK)
CIK:        0001817760
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0001104659-24-088335
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817760/000110465924088335/0001104659-24-088335-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817760/000110465924088335/tm2421204d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-088335

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