SmartKem, Inc. FY 2025: Revenue $697K, EPS $-1.29 — 10-K Summary
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SmartKem, Inc. reported FY 2025 revenue of $697K, a 750% increase from the previous year, despite a net loss of $10.51M (EPS of $-1.29). The revenue growth was attributed to demonstrator product sales and joint development agreements. R&D spending rose to $7.0M to support product development. Cash reserves decreased to $0.4M, prompting management to seek additional capital for operations and commercialization efforts.
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