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SMTK · NASDAQ · Semiconductors

SmartKem

Develops organic semiconductor inks for flexible displays, sensors, and chip packaging.

$3.39
After-hours close−0.15 (−4.37%)
At close$3.55(+0.42%)
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Profile

SmartKem, Inc.SMTKInformation Technology

Supplies TRUFLEX organic semiconductor and dielectric inks, prototypes and development services for flexible displays, sensors and advanced chip packaging. Revenue comes from material and demonstrator sales plus joint-development agreements, with commercialization dependent on customer qualification and partner-led process transfer.

Develops and formulates TRUFLEX organic semiconductor and dielectric inks for low-temperature fabrication of organic thin-film transistors on plastic or glass. Materials, prototypes and development services target flexible and transparent displays, advanced chip packaging, sensors and logic, with customers evaluating layers and transistor stacks through a customer-specific process of record.

Runs materials R&D and ink formulation from Manchester, United Kingdom, while its executive office is in Wilmington, Delaware. Prototyping and process development rely on external facilities in the United Kingdom and Taiwan, especially ITRI, and most future sales are expected to come from Asian customers.

Generates revenue from material and demonstrator sales and joint-development agreements, with successful engagements potentially developing into customized-product supply or process licensing paired with proprietary ink supply. Commercial-scale sales have not begun; customer qualification, external fabrication partners, financing and rights to use assigned patents remain structural dependencies.

Company facts

CEOIan Jenks
ListedMay 31, 2024
ExchangeNASDAQ
HeadquartersWilmington, DE
CountryUnited Kingdom
Employees29
CIK0001817760
ISINUS83193D2036

Key statistics

Market cap$1.8M
EPS (ttm)−$107.50
P/E (ttm)−0.0320
ROE-1,395.0%
P/B0.1671
P/S2.69
Dividend yield
Beta1.20vs XLK 0.90

Year to date −94.0% · Average volume (30d) 356.7K

Analysts

No analyst consensus on record.

Earnings

EPS

Estimate
Reported−$2.50

Revenue

Estimate
Reported

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 14, 2026Q2 FY26−$2.50−18.01%
May 20, 2026Q1 FY26−$0.25$20.0K−5.98%
Apr 8, 2026Q1 FY26−$0.22$15.5M+8.91%
Nov 13, 2025Q3 FY25−$0.45$81.0K+17.36%
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Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$23.0K$32.0K$81.0K$561.0K$20.0K$0
Gross profit$22.0K$4.0K$76.0K$323.0K$16.0K$0
Operating income−$3.2M−$4.5M−$3.1M−$2.1M−$2.5M−$1.4M
Net income−$2.1M−$2.4M−$3.9M−$2.1M−$19.4M−$3.3M
Diluted EPS−$16.00−$15.00−$22.50−$11.00−$67.00−$7.00
Gross margin95.7%12.5%93.8%57.6%80.0%
Operating margin-14,056.5%-14,071.9%-3,864.2%-382.5%-12,635.0%

Fiscal years (4-quarter sums)FY22 $40.0K · FY23 $27.0K · FY24 $82.0K · FY25 $697.0K

Revenue by product · FY25

Materials$147.0K · 100%

Balance sheet, Jun 30, 2026Cash & short-term investments $3.7M · Total debt $0 · Total assets $10.4M · Shareholders' equity $9.7M

Dividends

No dividends on record.

Ownership

Institutions 5.25%Insiders

Shares outstanding 517.3K · Float 388.6K · 75.1% free float

Insiders — no current Form 4 position.

Insider tradesForm 4

No open-market trades in the last 12 months.

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Peers

CompareAfter-hours close

CompanyPriceChange
SmartKem$3.39−4.37%$1.8M2.7
Qnity Electronics$121.00+0.65%$25.18B43.024.94.8+22.1%
Median43.024.94.8+22.1%