Smartkem Stock Price, News & Analysis

Smartkem (Nasdaq: SMTK), a pioneer in transistor technology, has announced its participation in SEMICON Korea 2025, scheduled for February 19-21, 2025, at the COEX convention center in Seoul, South Korea. This prestigious annual semiconductor industry event showcases cutting-edge developments in materials, equipment, and related technologies.

CEO Ian Jenks will attend the conference to present Smartkem's proprietary organic thin film transistor (OTFT) technology. He will be available for one-on-one meetings with industry representatives, media, analysts, and investors. Interested parties can arrange meetings through Head of Communications Selena Kirkwood for industry and media inquiries, or through David Barnard at Alliance Advisors for analyst and investor relations.

Smartkem (SMTK) has completed its first sale of TRUFLEX® semiconductor materials to Shanghai Chip Foundation Semiconductor Technology Co., under their co-development agreement. The materials will be used in developing a new generation of microLED-based backlight technology for Liquid Crystal Displays.

The company is supplying its proprietary organic dielectric single layer material (Redistribution Layer - RDL) to Chip Foundation to combine with their microLED devices. The resulting chip is expected to feature high brightness and current efficiency, reducing power losses in driving backlights and improving illumination uniformity.

Additional sales of RDL materials to Chip Foundation are expected to continue throughout 2025.

Smartkem (SMTK), a developer of organic thin-film transistors (OTFTs), highlighted its 2024 achievements and outlined 2025 goals. The company raised $7.65 million in December and secured a $1.1 million grant with a collaboration partner for developing the world's first rollable, transparent microLED display.

Key 2024 achievements include multiple strategic partnerships with industry leaders like AUO, FlexiIC, ITRI, Chip Foundation, Shanghai Tianma Microelectronics, and RiTdisplay. The company expanded its intellectual property to 138 patents and 40 codified trade secrets and successfully uplisted to Nasdaq.

For 2025, Smartkem aims to ship its first materials to Chip Foundation, sign a Joint Development Agreement for chip-first microLED display, complete qualification of Gen 2.5 ITRI process line, and establish additional collaborations for technology commercialization. The company expects to benefit from the microLED industry's projected growth from $150 million in 2024 to over $4 billion by 2031.

Smartkem (SMTK) has completed concurrent public and private offerings, raising $7.65 million in gross proceeds. The company issued 1,449,997 registered shares of common stock and unregistered Class D warrants at $3.00 per share in the public offering. In a concurrent private placement, they sold 169,784 unregistered shares, pre-funded warrants for 930,215 shares, and Class D warrants to institutional investors.

The Class D warrants are exercisable at $3.00 per share until December 31, 2025, while pre-funded warrants are exercisable at $0.0001 per share. The company plans to use the net proceeds for working capital and general corporate purposes. Craig-Hallum Capital Group served as the exclusive placement agent.

Smartkem (SMTK) has secured a £900,000 (USD 1.1 million) grant from Innovate UK for developing rollable, transparent microLED displays in collaboration with AUO. The project, part of the 2024 UK-Taiwan Collaborative R&D Initiative, will span two years starting January 1, 2025. Initial grant payments are scheduled to begin in Q1 2025. The company, which specializes in organic thin-film transistors (OTFTs), aims to advance its display technology through this partnership.

Smartkem (SMTK) has announced pricing for concurrent public and private offerings totaling $7.65 million. The offerings include:

1. Public offering: 1,449,997 registered common shares and unregistered Class D warrants at $3.00 per share/warrant pair

2. Private placement: 169,784 unregistered shares, 930,215 pre-funded warrants, and 1,099,999 Class D warrants at similar pricing

The Class D warrants will be exercisable at $3.00 per share until December 31, 2025, while pre-funded warrants have a $0.0001 exercise price. Craig-Hallum Capital Group is acting as exclusive placement agent, with closing expected on December 20, 2024. Proceeds will be used for working capital and general corporate purposes.

Smartkem (NASDAQ: SMTK) has signed a multi-year agreement with FlexiIC to develop a new generation of CMOS for smart sensors. The two-year project aims to develop custom circuitry using Smartkem's organic thin-film transistor (OTFT) technology and n-type oxide TFT to create low-power CMOS enabled sensor devices.

The devices will incorporate mixed signal and digital IPs, including RISC-V cores, and utilize machine learning for improved signal processing. The technology targets the internet-of-things (IOT) market, which is projected to reach $4,062.34 billion by 2032, growing at a CAGR of 24.3% from 2024. The project's commencement depends on grant funding approval from the Centro para el Desarrollo Tecnológico Industrial (CDTI).

Smartkem (NASDAQ: SMTK) has partnered with AUO, Taiwan's largest display manufacturer, to develop the world's first rollable, transparent microLED display using Smartkem's organic thin-film transistors (OTFTs). The collaboration, starting January 1, 2025, aims to revolutionize microLED display production through Smartkem's low-temperature processing technology, which enables direct application on microLEDs and eliminates the need for mass transfer and laser welding. This 'Chip-First' architecture could potentially reduce microLED TV prices from $100,000 to mass market levels. The project has received funding from the 2024 Taiwan-UK Research & Development Collaboration.

Smartkem (SMTK) reports Q3 2024 financial results, highlighting progress in commercializing its organic thin-film transistors for microLED displays. The company signed a joint development agreement with Chip Foundation for microLED-based backlight technology and expanded collaboration with ITRI. Financial results show cash and equivalents at $1.8 million (down from $8.8 million in December 2023), operating expenses of $3.0 million (up from $2.7 million in Q3 2023), and no revenue compared to $3,000 in Q3 2023. The company targets the microLED display industry, projected to grow from $150 million in 2024 to over $4 billion by 2031.