SmartKem Inc. reports Q3 2025 revenue of $81,000 and operating loss of $3.1 million
SmartKem Inc. reported Q3 2025 revenue of $81,000, up from $40,000 in Q3 2024, mainly from OTFT backplanes and TRUFLEX materials sales. Operating expenses rose to $2 million from $1.5 million, resulting in a $3.1 million operating loss, up from $2.8 million. Cash reserves fell to $0.9 million from $7.1 million at 2024's end. In October 2025, $1 million in bridge financing was secured. SmartKem signed a non-binding letter of intent with Jericho Energy Ventures and a preliminary joint development agreement with Manz Asia. The company participated in several industry events.
SmartKem Inc. reported revenue of $81.0 thousand for the third quarter of 2025, up from $40.0 thousand in the same period of 2024, primarily from sales of OTFT backplanes and TRUFLEX materials for customer assessment and development. Operating expenses for the quarter were $2.0 million, compared to $1.5 million a year earlier. Loss from operations was $3.1 million, versus $2.8 million in the third quarter of 2024. Cash and cash equivalents totaled $0.9 million as of September 30, 2025, down from $7.1 million at the end of 2024. In October 2025, the company secured $1.0 million in bridge financing through the issuance of senior secured notes and warrants. During the period, SmartKem signed a non-binding letter of intent with Jericho Energy Ventures for a U.S.-owned, AI-focused infrastructure company and announced a preliminary joint development agreement with Manz Asia for advanced computer and AI chip packaging solutions. The company also participated in multiple industry events, including IMID 2025 in Korea, PlayNitride 2025 Technology Forum in Taiwan, SEMICON Taiwan 2025, MicroLED Connect 2025 in the Netherlands, and TechBlick Berlin 2025. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SmartKem Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: LN23750) on November 13, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
