SmartKem, Inc. financial data

Symbol
SMTK on Nasdaq
Industry
Semiconductors & Related Devices
Location
Manchester Technology Center, Hexagon Tower, Delaunays Road, Blackley, Manchester, United Kingdom
State of incorporation
DE
Fiscal year end
December 31
Former names
Parasol Investments Corp (to 2/19/2021)
Latest financial report
10-Q - Q3 2024 - Nov 8, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 340 % -43.9%
Debt-to-equity 50.4 % +59.3%
Return On Equity -168 % -65.5%
Return On Assets -112 % -44.8%
Operating Margin -37K % -52.7%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 1.78M shares +102%
Common Stock, Shares, Outstanding 1.78M shares +103%
Entity Public Float 3.29M USD -88.9%
Common Stock, Value, Issued 3K USD 0%
Weighted Average Number of Shares Outstanding, Basic 3.31M shares +94.5%
Weighted Average Number of Shares Outstanding, Diluted 3.31M shares +94.5%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 40K USD +400%
Cost of Revenue 32K USD +433%
Research and Development Expense 5.39M USD -6.38%
Selling and Marketing Expense 1.13M USD +154%
Operating Income (Loss) -10.4M USD -4.15%
Nonoperating Income (Expense) 1.4M USD -25.1%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -2.84M USD +5.96%
Income Tax Expense (Benefit) 1K USD
Net Income (Loss) Attributable to Parent -9.04M USD -10.6%
Earnings Per Share, Basic -2.73 USD/shares +81.7%
Earnings Per Share, Diluted -5.32 USD/shares +64.4%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 1.78M USD -84.1%
Accounts Receivable, after Allowance for Credit Loss, Current 268K USD +793%
Assets, Current 3.75M USD -70.6%
Property, Plant and Equipment, Net 353K USD -29.8%
Operating Lease, Right-of-Use Asset 197K USD -41.5%
Other Assets, Noncurrent 6K USD 0%
Assets 4.31M USD -68.3%
Accounts Payable, Current 747K USD +94%
Liabilities, Current 2M USD +9.14%
Operating Lease, Liability, Noncurrent 31K USD -58.7%
Liabilities 2.03M USD -38.2%
Accumulated Other Comprehensive Income (Loss), Net of Tax -1.3M USD -114%
Retained Earnings (Accumulated Deficit) -110M USD -17.2%
Stockholders' Equity Attributable to Parent 2.28M USD -77.9%
Liabilities and Equity 4.31M USD -68.3%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -1.57M USD +35.4%
Net Cash Provided by (Used in) Financing Activities 1.84M USD -91.7%
Net Cash Provided by (Used in) Investing Activities -41K USD
Common Stock, Shares Authorized 300M shares 0%
Common Stock, Shares, Issued 1.78M shares +103%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -1.59M USD +37.5%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1.78M USD -84.1%
Deferred Tax Assets, Valuation Allowance 11M USD +21.4%
Operating Lease, Liability 196K USD -35.3%
Depreciation 63K USD +50%
Payments to Acquire Property, Plant, and Equipment 41K USD
Lessee, Operating Lease, Liability, to be Paid 206K USD -35.8%
Property, Plant and Equipment, Gross 1.88M USD +7.01%
Operating Lease, Liability, Current 165K USD -27.6%
Lessee, Operating Lease, Liability, to be Paid, Year Two 23K USD +27.8%
Lessee, Operating Lease, Liability, to be Paid, Year One 55K USD -75.9%
Operating Lease, Weighted Average Discount Rate, Percent 0.09 pure +12.5%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 10K USD -44.4%
Lessee, Operating Lease, Liability, to be Paid, Year Three 5K USD
Deferred Tax Assets, Operating Loss Carryforwards 10.9M USD +18.8%
Preferred Stock, Shares Issued 856 shares -93.8%
Preferred Stock, Shares Authorized 10M shares 0%
Unrecognized Tax Benefits 0 USD
Operating Lease, Payments 69K USD +60.5%
Additional Paid in Capital 113M USD +8.42%
Preferred Stock, Shares Outstanding 856 shares -93.8%
Share-based Payment Arrangement, Expense 757K USD +4.13%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%