SmartKem (SMTK) Income Statement: Revenue & Earnings

SmartKem Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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SmartKem, Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	0.08	0.03	0.04	0.02	0.09
Cost of Revenue	0.03	0.02	0.03	0.01	0.06
Gross Profit	0.05	0.00	0.01	0.01	0.04
Operating Expenses
Research & Development	5.11	5.56	5.37	7.83	3.76
Selling, General & Administrative	6.34	5.19	5.50	8.44	2.27
Operating Expenses	10.51	9.91	9.70	14.98	4.59
Operating Income	-10.46	-9.90	-9.69	-14.97	-4.55
Other Income/Expense
Interest Income	0.01	0.01	0.01	0.00	0.00
Interest Expense	0.00	0.00	0.00	-0.02	-6.84
Other Income/Expense	0.14	1.39	-1.78	-1.33	-6.28
Income
Income Before Tax	-10.33	-8.50	-11.47	-17.13	-23.13
Income Tax Expense	0.00	0.00	0.02	0.00	0.00
Net Income	-10.33	-8.50	-11.50	-17.13	-23.13
Net Income - Continuous Operations	-10.33	-8.50	-11.50	-17.13	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	-9.86	-9.50	-9.50	-14.76	-4.35
EBIT	-10.39	-9.90	-9.69	-14.97	-4.55
Depreciation & Amortization	0.53	0.41	0.20	0.21	0.20
Earnings Per Share
Basic EPS	-3.00	-6.00	-14.00	-24.00	-63.00
Diluted EPS	-3.00	-6.00	-14.00	-24.00	-63.00
Basic Shares Outstanding	3.26	1.34	0.83	0.72	0.37
Diluted Shares Outstanding	3.26	1.34	0.83	0.72	0.37