SmartKem Inc. reports Q3 2025 revenue of $81,000 and operating loss of $3.1 million
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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.
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