Smartkem Reports Fourth Quarter and Full Year 2023 Financial Results
MANCHESTER, England, March 28, 2024 /PRNewswire/ -- Smartkem (OTCQB: SMTK ), the developer of a new class of semiconductor polymer transistors that have the capability of powering the next generation of displays, today provides a business update and reports financial results for the fourth quarter and full year ended December 31, 2023.
- MANCHESTER, England, March 28, 2024 /PRNewswire/ -- Smartkem (OTCQB: SMTK ), the developer of a new class of semiconductor polymer transistors that have the capability of powering the next generation of displays, today provides a business update and reports financial results for the fourth quarter and full year ended December 31, 2023.
- Cash and cash equivalents as of December 31, 2023, were $8.8 million compared to $4.2 million as of December 31, 2022.
- Operating expenses as of December 31, 2023, were $10.8 million compared to $10.9 million as of December 31, 2022.
- "2023 was an important year for Smartkem as we sought additional funding via a private placement for net proceeds of $12.4 million.