Unveiling Smartkem's FY Financial Performance

Thursday, 28 March 2024, 13:51
Learn the key highlights from Smartkem's financial report for the fiscal year. Discover the significant increase in cash and cash equivalents from $4.2 million in 2022 to $8.8 million in 2023, along with a detailed look at the revenue decline of $0.03M (-25.0% Y/Y). Gain insights into Smartkem's financial standing and performance metrics.
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Unveiling Smartkem's FY Financial Performance

Smartkem FY Financial Results Overview

Smartkem recently released its fiscal year financial results, showcasing some notable figures regarding cash and revenue.

Cash and Equivalents

  • * Cash and cash equivalents as of December 31, 2023: $8.8 million
  • * Compared to the previous year (December 31, 2022): $4.2 million

Revenue Performance

  1. Revenue: $0.03M
  2. Year-over-year change: -25.0%

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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