Here are the 10-K annual reports from SmartKem, Inc. (SMTK) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow SMTK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SMTK filings page.
SmartKem, Inc. is a development-stage semiconductor materials company focused on its TRUFLEX® organic thin-film transistor platform for next‑generation displays and advanced chip packaging. It designs inks and processes in the U.K. and collaborates with partners in Taiwan and China on MicroLED backlights, AMOLED displays, biometric sensors and advanced packaging applications.
The company has generated no commercial-scale revenue and remains deeply loss‑making, with a $13.0 million comprehensive loss in 2025 and an accumulated deficit of $125.1 million. Cash and cash equivalents were $0.4 million as of December 31, 2025, which management believes is insufficient to fund operations for at least 12 months, raising substantial doubt about its ability to continue as a going concern and underscoring a need for additional capital.
During early 2026 SmartKem completed several financing transactions that included transferring its patent portfolio to a third party, while retaining process and formulation know‑how in 40 trade secrets. The company is reviewing its strategy, including display prototyping and materials formulation, and continues to build out collaborations and EDA tools to support future commercialization of its materials.