SmartKem reports FY 2024 revenue of $82K, cash $7.1M; advances MicroLED partnerships

SmartKem, Inc.

2025-Q1 EPS reported -$0.32 revenue$23,000

Revenue $82K for FY 2024, up from $27K in 2023, driven by demonstrator product sales.
Operating expenses $11.5M; cash and equivalents $7.1M at Dec 31, 2024.
Raised $7.65M in equity and received $1.1M Innovate UK grant in December 2024.
Partnered with AUO for rollable transparent MicroLED display; first TRUFLEX sale to Chip Foundation.
Appointed Jonathan Watkins as COO effective in Q1 2025.

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