---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-048155"
form_type: "8-K"
ticker: "SMTK"
cik: "0001817760"
company_name: "SmartKem, Inc."
filed_at: "2025-05-14T23:59:59+00:00"
generated_at: "2026-05-21T09:50:52.483940+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-048155
- form_type: 8-K
- ticker: SMTK
- cik: 0001817760
- company_name: SmartKem, Inc.
- filed_at: 2025-05-14T23:59:59+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/1817760/000110465925048155/0001104659-25-048155-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817760/000110465925048155/tm2514881d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-048155
- JSON: https://secwatch.observer/filing/0001104659-25-048155.json
- Plain text: https://secwatch.observer/filing/0001104659-25-048155.txt

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