SmartKem Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020
Revenue	0.03	0.04	0.02	0.09
Revenue Growth (YoY)	-32.50%	122.22%	-80.85%	-
Cost of Revenue	0.02	0.03	0.01	0.06
Gross Profit	0	0.01	0.01	0.04
Selling, General & Admin	5.19	5.07	8.07	1.71
Research & Development	5.56	5.8	8.2	4.32
Other Operating Expenses	-0.84	-1.17	0.04	-1.44
Operating Expenses	9.91	9.7	16.31	4.59
Operating Income	-9.9	-9.69	-16.3	-4.55
Interest Expense / Income	0	0	0.02	6.84
Other Expense / Income	-1.41	1.78	0.81	11.75
Pretax Income	-8.5	-11.47	-17.13	-23.13
Income Tax	0	0.02	0	0
Net Income	-8.5	-11.5	-17.13	-23.13
Shares Outstanding (Basic)	1	1	1	0
Shares Change	62.45%	14.83%	96.80%	-
EPS (Basic)	-6.32	-13.88	-23.80	-63.00
EPS (Diluted)	-6.32	-13.88	-23.80	-63.00
Free Cash Flow	-8.06	-9.13	-10.07	-4.2
Free Cash Flow Per Share	-5.99	-11.03	-13.97	-11.46
Gross Margin	14.81%	17.50%	55.56%	41.49%
Operating Margin	-36681.48%	-24235.00%	-90566.67%	-4840.43%
Profit Margin	-31477.78%	-28737.50%	-95144.44%	-24609.57%
Free Cash Flow Margin	-29833.33%	-22820.00%	-55938.89%	-4468.09%
EBITDA	-8.09	-11.01	-16.66	-15.93
EBITDA Margin	-29966.67%	-27522.50%	-92577.78%	-16941.49%
Depreciation & Amortization	0.41	0.46	0.44	0.37
EBIT	-8.5	-11.47	-17.11	-16.3
EBIT Margin	-31477.78%	-28677.50%	-95038.89%	-17338.30%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).