For the quarter ending 2026-03-31, SMTK made $20K in revenue. -$18,459K in net income. Net profit margin of -92295.00%.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-03-31 |
|---|---|---|---|---|
| Revenue | 20 | 541* | 81 | 23 |
| Cost of revenue | 4 | 263* | 5 | 1 |
| Gross profit | 16 | 278* | 76 | 22 |
| Other operating income | 34 | 303* | 181 | 251 |
| Research and development | 913 | 1,688* | 2,056 | 1,497 |
| General and administrative | 1,664 | 2,324* | 1,331 | 2,009 |
| Loss / (gain) on foreign currency transactions | -46 | 123* | -59 | 95 |
| Total operating expenses | 2,623 | 3,888* | 3,446 | 3,411 |
| Loss from operations | -2,573 | -3,307* | -3,189 | -3,138 |
| (loss) / gain on foreign currency transactions | -810 | 2,020* | -732 | 969 |
| Change in fair value of derivative liabilities | -3,391 | - | - | - |
| Loss on the execution of equity line of credit (eloc) | -11,874 | - | - | - |
| Loss on the extinguishment of debt | -371 | - | - | - |
| Transaction costs related to debt financing | 67 | - | - | - |
| Interest, net | -283 | -89* | 1 | 10 |
| Total non-operating (expense) / income | -16,796 | 1,930* | -731 | 979 |
| Loss before income taxes | -19,369 | -1,377* | -3,920 | -2,159 |
| Income tax refund / (expense) | - | 51* | - | -25 |
| Net loss | -19,369 | -1,428* | -3,920 | -2,134 |
| Foreign currency translation | 910 | -2,165* | 800 | -1,005 |
| Total comprehensive loss | -18,459 | -3,593 | -3,120 | -3,139 |
| Basic EPS | -1.34 | -0.398 | -0.45 | -0.32 |
| Diluted EPS | -1.34 | -0.398 | -0.45 | -0.32 |
| Basic Average Shares | 14,436,282 | 9,037,545 | 8,782,766 | 6,649,603 |
| Diluted Average Shares | 14,436,282 | 9,037,545 | 8,782,766 | 6,649,603 |
SmartKem, Inc. (SMTK)
SmartKem, Inc. (SMTK)