Event-Driven Stocks

SmartKem, Inc.

SMTKNasdaq

Technology · Semiconductors & Related Devices · DE · SEC filings ↗ · Compare ⊕

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Signs● 3 good● 4 warning● 3 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$697,000$82,000$27,000$40,000$18,000$94,000
Operating income−$12.8M−$10.5M−$10.0M−$9.7M−$16.3M−$4.5M
Net income−$10.5M−$10.3M−$8.5M−$11.5M−$17.1M−$23.1M
Total assets$2.3M$8.9M$11.3M$7.5M$15.1M$2.9M
Total liabilities$6.2M$2.3M$3.2M$1.6M$1.5M$1.1M
Equity−$3.9M$6.6M$8.1M$5.9M$13.5M$1.9M
EPS (diluted)$-1.29$-6.00$-6.32$-13.88$-0.68$-1.80
Shares out.3.6M1.4M27.0M26.6M25.6M5.0M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
−1841.5%
Net margin
−1507.7%
Return on equity
267.1%
Return on assets
−459.3%
Return on capital (ROCE)
—
Liabilities / assets
271.9%
Debt / equity
—
Book value / share
$-1.09
Revenue growth (YoY)
750.0%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
-229.29distress
Accruals / assets
−121.2%clean
Piotroski F-Score
3/9weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
52
/ 100
Profitability 25Growth 100Catalyst 67Earnings quality 67Financial strength 0

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →

Signs

● 3 severe● 4 warning● 3 good
  • Negative shareholder equity
  • Altman Z″ in the distress zone
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • High leverage (liabilities > 70% of assets)
  • Negative operating cash flow
  • Strong return on equity (>15%)
  • Revenue is growing year-over-year
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Insider transactions

SEC Form 4 · most recent
0 acquisitions1 disposalsnet −150,000 shares · last 1
InsiderDateTypeSharesPrice
Lizzio Joseph Christopher10% ownerSep 10, 2025Gift150,000$0.00

Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 2026463,0301.0-23.9%
Apr 30, 2026608,1431.0+483.2%
Apr 15, 2026104,2711.0+215.3%
Mar 31, 202633,0741.0-64.9%
Mar 13, 202694,2361.0-6.3%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (2)

Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.