<span item_type="fundamental" item_id="717a8b00f70a2d5b3f7f7566a0eda06c" counter_id="ST/US/SMTK" env="prod"></span><span item_type="announcement" item_id="582436326846438145" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 81 M.</p><p>EPS: As of FY2025 Q3, the actual value is USD -0.45.</p><p>EBIT: As of FY2025 Q3, the actual value is USD -3.19 B.</p><p></p><h3>Segment Revenue</h3><p>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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1817760/000110465925111295/tm2531177d1_ex99-1.htm"></span></p><h3>Operational Metrics</h3><p>Operating expenses for the three months ended September 30, 2025, were $2 million, compared to $1.5 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1817760/000110465925111295/tm2531177d1_ex99-1.htm"></span> 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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1817760/000110465925111295/tm2531177d1_ex99-1.htm"></span> 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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1817760/000110465925111295/tm2531177d1_ex99-1.htm"></span></p><h3>Cash Flow</h3><p>Cash and cash equivalents were $0.9 million as of September 30, 2025, compared to $7.1 million as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1817760/000110465925111295/tm2531177d1_ex99-1.htm"></span></p><h3>Unique Metrics</h3><p>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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1817760/000110465925111295/tm2531177d1_ex99-1.htm"></span></p><h3>Outlook / Guidance</h3><p>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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1817760/000110465925111295/tm2531177d1_ex99-1.htm"></span></p>

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