Smartkem Q1 revenue $23K; operating loss widens to $3.1M; cash drops to $3.9M

SmartKem, Inc.

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

Revenue of $23K for Q1 2025 vs nil in Q1 2024; loss from operations $3.1M vs $2.4M.
Cash and equivalents $3.9M as of March 31, 2025, down from $7.1M at December 31, 2024.
Operating expenses rose to $3.4M from $2.7M year-over-year.
Partnerships: AUO for rollable MicroLED display, Chip Foundation material sales, RiTdisplay line integration.
Appointed Jonathan Watkins as COO during Q1.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.