Technology · Semiconductors
Price
$0.24
Market Cap
$1.1M
Employees
27
Beta
2.60
Avg Volume
10,408,135
CEO
Ian Tudor Jenks
Business Description
SmartKem, Inc. focuses on developing innovative materials and processes essential for organic thin-film transistor (OTFT) backplanes, which are crucial components in the production of flexible electronic devices. Their advanced transistor technology finds application in a diverse range of products. This includes bendable smartphone screens, curved displays for vehicles, e-paper, wearable gadgets, and specialized sensors like fingerprint and printed biosensors. The company was established in 2009 and is headquartered in Manchester, United Kingdom.
Business History
Price Overview
Last updated: Jun 27, 2026 10:09am (just now)$0.24
+0.01 (+4.90%)
Day Range
$0.21 – $0.25
52-Week Range
$0.15 – $3.80
50-Day MA
$0.30
200-Day MA
$0.95
Volume
896,037.00
Share Structure
Outstanding
4,553,359.00
Float
3,984,870.00
Free Float
87.5%
High free float
— 87.5% of shares trade freely, ~12.5% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Small absolute float (4.0M shares) — even with a decent free float %, volume can be thin. Check average daily volume before sizing a position.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-0.19
Stock Price: $0.24
EPS (Diluted): -1.29
EPS (Diluted): -1.29
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
-2.22
Stock Price: $0.24
Total Equity: -$3.93M
Shares: 8,156,638
Total Equity: -$3.93M
Shares: 8,156,638
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
0.32
Market Cap: $1.11M
Total Debt: $928,000
Cash: $374,000
EBITDA: -$1.42M
Total Debt: $928,000
Cash: $374,000
EBITDA: -$1.42M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$9.9M
Market Cap: $1.11M
Total Debt: $928,000
Cash: $374,000
Total Debt: $928,000
Cash: $374,000
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
0.56
Stock Price: $0.24
Revenue: $15.61M
Shares: 8,156,638
Revenue: $15.61M
Shares: 8,156,638
EV/Sales (Total value vs revenue — works when P/E can't)
API0.63
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
98.3%
Gross Profit: $15.34M
Revenue: $15.61M
Revenue: $15.61M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
6.1%
Operating Income: $951,000
Revenue: $15.61M
Revenue: $15.61M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-67.3%
Net Income: -$10.51M
Revenue: $15.61M
Revenue: $15.61M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
6,905.8%
Net Income: -$10.51M
Total Equity: -$3.93M
Total Equity: -$3.93M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
31.2%
Operating Income: $951,000
Tax Rate: 0.2%
Equity: -$3.93M
Total Debt: $928,000
Cash: $374,000
Tax Rate: 0.2%
Equity: -$3.93M
Total Debt: $928,000
Cash: $374,000
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.25
Current Assets: $1.50M
Current Liabilities: $5.91M
Current Liabilities: $5.91M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
-0.24
Short-Term Debt: $928,000
Long-Term Debt: $0.00
Total Debt: $928,000
Total Equity: -$3.93M
Long-Term Debt: $0.00
Total Debt: $928,000
Total Equity: -$3.93M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$1.91
Revenue: $15.61M
Shares: 8,156,638
Shares: 8,156,638
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$-0.48
Total Equity: -$3.93M
Shares: 8,156,638
Shares: 8,156,638
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.96
Operating CF: -$7.74M
CapEx: -$123,000
Shares: 8,156,638
CapEx: -$123,000
Shares: 8,156,638
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $0.24
Stock Price: $0.24
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$10.51M
Net Income: -$10.51M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares SMTK against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 27, 2026 10:09am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $40,000 | $27,000 | $82,000 | $15.6M |
| Cost of Revenue | $33,000 | $23,000 | $32,000 | $272,000 |
| Gross Profit | $7,000 | $4,000 | $50,000 | $15.3M |
| Operating Expenses | $9.7M | $10.0M | $10.5M | $14.4M |
| Operating Income | -$9.7M | -$10.0M | -$10.5M | $951,000 |
| Net Income | -$11.5M | -$8.5M | -$10.3M | -$10.5M |
| EBITDA | -$11.0M | -$9.5M | -$9.9M | -$1.4M |
| EPS | $-13.94 | $-6.32 | $-3.17 | $-1.29 |
| EPS (Diluted) | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 27, 2026 10:09am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash & Equivalents | $4.2M | $8.8M | $7.1M | $374,000 |
| Total Current Assets | $6.4M | $10.5M | $8.5M | $1.5M |
| Total Assets | $7.5M | $11.3M | $8.9M | $2.3M |
| Current Liabilities | $1.4M | $1.8M | $2.3M | $5.9M |
| Long-Term Debt | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.6M | $3.2M | $2.3M | $6.2M |
| Total Equity | $5.9M | $8.1M | $6.6M | -$3.9M |
| Retained Earnings | -$86.6M | -$95.1M | -$114.6M | -$125.1M |
Cash Flow (Annual)
Last updated: Jun 27, 2026 10:09am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating Cash Flow | -$9.0M | -$8.0M | -$8.1M | -$7.7M |
| Capital Expenditure | $-79,000 | $-18,000 | $-75,000 | $-123,000 |
| Free Cash Flow | -$9.1M | -$8.1M | -$8.2M | -$7.9M |
| Acquisitions (net) | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — |
| Dividends Paid | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$8.0M | $4.6M | -$1.7M | -$6.8M |
Growth Trends (YoY %)
Last updated: Jun 27, 2026 10:09am (just now)| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue Growth | -32.5% | +203.7% | +18,937.8% |
| Gross Profit Growth | -42.9% | +1,150.0% | +30,578.0% |
| Operating Income Growth | -3.0% | -4.7% | +109.1% |
| Net Income Growth | +26.1% | -21.5% | -1.7% |
| EBITDA Growth | +13.7% | -3.8% | +85.6% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2025-09-10 | Lizzio Joseph Christopher | G-Gift | 150,000.00 | $0.00 | $0 |
| 2025-09-08 | Lizzio Joseph Christopher | 0.00 | $0.00 | $0 | |
| 2025-09-03 | Denbaars Steven | A-Award | 22,466.00 | $1.16 | $26,061 |
| 2025-09-03 | Denis Melisa | A-Award | 22,466.00 | $1.16 | $26,061 |
| 2025-09-03 | de Boer Klaas | A-Award | 22,466.00 | $1.16 | $26,061 |
| 2025-09-03 | Jenks Ian | A-Award | 160,005.00 | $1.16 | $185,606 |
| 2025-09-03 | Keck Barbra | A-Award | 71,077.00 | $1.16 | $82,449 |
| 2025-09-03 | Peruvemba Sriram Krishnamurthy | A-Award | 22,466.00 | $1.16 | $26,061 |
| 2025-05-28 | Brown Beverley | A-Award | 33,741.00 | $2.51 | $84,690 |
| 2025-05-28 | Keck Barbra | A-Award | 75,660.00 | $2.51 | $189,907 |
| 2025-05-28 | de Boer Klaas | A-Award | 23,915.00 | $2.51 | $60,027 |
| 2025-05-28 | Ogier Simon | A-Award | 77,656.00 | $2.51 | $194,917 |
| 2025-05-28 | Jenks Ian | A-Award | 170,320.00 | $2.51 | $427,503 |
| 2025-05-28 | Peruvemba Sriram Krishnamurthy | A-Award | 23,915.00 | $2.51 | $60,027 |
| 2025-05-28 | Denis Melisa | A-Award | 23,915.00 | $2.51 | $60,027 |
| 2025-05-28 | Watkins Jonathan | A-Award | 131,745.00 | $2.51 | $330,680 |
| 2025-05-28 | Denbaars Steven | A-Award | 23,915.00 | $2.51 | $60,027 |
| 2025-03-10 | Watkins Jonathan | 0.00 | $0.00 | $0 | |
| 2024-06-14 | Peruvemba Sriram Krishnamurthy | A-Award | 20,000.00 | $6.50 | $130,000 |
| 2024-06-14 | Ogier Simon | A-Award | 49,000.00 | $6.50 | $318,500 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for SMTK — it's generated by the pipeline (
market-narrative step).
No community reviews yet for SMTK.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
personal — only you see this
Sign in to save personal notes and rate your interest in this stock.
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30