SmartKem Q3 revenue $81k, operating loss $3.1M; cash $0.9M; bridge financing secured

SmartKem, Inc.

2025-Q3 EPS reported -$1.08 revenue$136,000

Revenue $81k (up from $40k YoY); operating loss $3.1M vs $2.8M.
Cash dropped to $0.9M from $7.1M at year-end 2024.
Obtained $1M bridge financing on Oct 31 via $1.1M senior secured notes due Apr 2026 and warrants at $2.75/share.
Signed non-binding LOI with Jericho Energy Ventures for AI infrastructure; preliminary JDA with Manz Asia for chip packaging.

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