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
Delaware
Fiscal year end
December 31
Former names
Parasol Investments Corp (to 2/19/2021)
Latest financial report
10-Q - Q2 2024 - Aug 12, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 451 % -21.9%
Debt-to-equity 41 % +41.9%
Return On Equity -125 % -2.14%
Return On Assets -88.5 % +6.63%
Operating Margin -37K % -52.7%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 1.44M shares -95.3%
Common Stock, Shares, Outstanding 1.72M shares -93.6%
Entity Public Float 3.29M USD -88.9%
Common Stock, Value, Issued 3K USD 0%
Weighted Average Number of Shares Outstanding, Basic 3.16M shares +184%
Weighted Average Number of Shares Outstanding, Diluted 3.16M shares +184%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 40K USD +400%
Cost of Revenue 32K USD +433%
Research and Development Expense 5.45M USD -1.46%
Selling and Marketing Expense 1.13M USD +154%
Operating Income (Loss) -10.3M USD -5.18%
Nonoperating Income (Expense) 1.08M USD +52.7%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -3.1M USD -52.8%
Income Tax Expense (Benefit) 1K USD
Net Income (Loss) Attributable to Parent -9.22M USD -1.23%
Earnings Per Share, Basic -3.65 USD/shares +79.6%
Earnings Per Share, Diluted -6.24 USD/shares +65.2%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 4.35M USD -68.4%
Accounts Receivable, after Allowance for Credit Loss, Current 268K USD +793%
Assets, Current 6.5M USD -56.8%
Property, Plant and Equipment, Net 327K USD -41.4%
Operating Lease, Right-of-Use Asset 226K USD -45.5%
Other Assets, Noncurrent 6K USD 0%
Assets 7.06M USD -56%
Accounts Payable, Current 1.12M USD +64.9%
Liabilities, Current 2.46M USD +40.4%
Operating Lease, Liability, Noncurrent 16K USD -88.1%
Liabilities 2.48M USD -33.5%
Accumulated Other Comprehensive Income (Loss), Net of Tax -1.42M USD +2.34%
Retained Earnings (Accumulated Deficit) -107M USD -18%
Stockholders' Equity Attributable to Parent 4.59M USD -62.8%
Liabilities and Equity 7.06M USD -56%

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 1.72M shares -93.6%
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 4.35M USD -68.4%
Deferred Tax Assets, Valuation Allowance 11M USD +21.4%
Operating Lease, Liability 225K USD -40.8%
Depreciation 63K USD +50%
Payments to Acquire Property, Plant, and Equipment 41K USD
Lessee, Operating Lease, Liability, to be Paid 235K USD -42.3%
Property, Plant and Equipment, Gross 1.7M USD -6.64%
Operating Lease, Liability, Current 209K USD -14.7%
Lessee, Operating Lease, Liability, to be Paid, Year Two 11K USD -42.1%
Lessee, Operating Lease, Liability, to be Paid, Year One 41K USD -82.7%
Operating Lease, Weighted Average Discount Rate, Percent 0.09 pure +12.5%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 10K USD -63%
Lessee, Operating Lease, Liability, to be Paid, Year Three 1K USD
Deferred Tax Assets, Operating Loss Carryforwards 10.9M USD +18.8%
Preferred Stock, Shares Issued 1.11K shares -92.2%
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 +8.18%
Preferred Stock, Shares Outstanding 1.11K shares -92.2%
Share-based Payment Arrangement, Expense 619K USD -12.2%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%