SmartKem Q2 cash $1.2M, expects to fund operations only through Sep 30, 2025

SmartKem, Inc.

2025-Q2 EPS reported -$0.62 revenue$55,000

Cash of $1.2M at June 30, 2025, down from $7.1M at Dec 31, 2024; runway through Sep 30 only.
Revenue $32k (Q2 2025) vs $40k (Q2 2024); loss from operations $4.4M vs $2.8M.
R&D expenses rose $1.5M vs prior year, partly from $0.8M CPI Framework extension costs.
Signed preliminary JDA with Manz Asia to co-develop inkjet dielectric inks for advanced chip packaging.
Secured new UK patent for MicroLED manufacturing process enabling wafer reuse.

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