SmartKem | 8-K: FY2025 Q3 Revenue: USD 81 M

Revenue: As of FY2025 Q3, the actual value is USD 81 M.

EPS: As of FY2025 Q3, the actual value is USD -0.45.

EBIT: As of FY2025 Q3, the actual value is USD -3.19 B.

Segment Revenue

Revenue for the three months ended September 30, 2025, was $81 thousand, compared to $40 thousand for the same period in 2024, primarily due to sales of OTFT backplanes and TRUFLEX® materials for customer assessment and development purposes.

Operational Metrics

Operating expenses for the three months ended September 30, 2025, were $2 million, compared to $1.5 million for the same period in 2024. Loss from operations was - $3.1 million for the three months ended September 30, 2025, compared to - $2.8 million for the same period in 2024. Net loss for the three months ended September 30, 2025, was - $3.9 million, compared to - $2.8 million for the same period in 2024.

Cash Flow

Cash and cash equivalents were $0.9 million as of September 30, 2025, compared to $7.1 million as of December 31, 2024.

Unique Metrics

On October 31, 2025, the company obtained $1,000,000 of bridge financing in exchange for the issuance of $1,100,000 principal amount of its Senior Secured Notes due April 30, 2026, and five-year warrants to purchase up to 400,000 shares of common stock at the exercise price of $2.75 per share.

Outlook / Guidance

The company is focused on changing the world of electronics with its new class of transistors developed using proprietary advanced semiconductor materials. It is developing a commercial-scale production process and Electronic Design Automation (EDA) tools to demonstrate the commercial viability of manufacturing a new generation of displays using its materials.