---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-116412"
form_type: "8-K"
ticker: "SMTK"
cik: "0001817760"
company_name: "SmartKem, Inc."
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:08:27.761309+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SmartKem Q3 cash drops to $1.8M; revenues nil; JDA with Chip Foundation for microLED backlight

## Summary
- Cash and equivalents $1.8M as of Sep 30, 2024, down from $8.8M at Dec 31, 2023.
- Operating expenses $3.0M in Q3 2024 vs $2.7M in Q3 2023; revenues nil vs $3K.
- Entered JDA with Shanghai Chip Foundation to co-develop microLED-based backlight tech for LCDs.
- ITRI requested SmartKem develop packaging solutions for advanced computer and AI chips.
- No revenue or earnings guidance provided; cash burn rate implies limited runway.

## SEC filing metadata
- accession: 0001104659-24-116412
- form_type: 8-K
- ticker: SMTK
- cik: 0001817760
- company_name: SmartKem, Inc.
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1817760/000110465924116412/0001104659-24-116412-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817760/000110465924116412/tm2427986d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-116412
- JSON: https://secwatch.observer/filing/0001104659-24-116412.json
- Plain text: https://secwatch.observer/filing/0001104659-24-116412.txt

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