Aug. 13 at 7:25 PM
$SMTK Just reviewed SmartKem’s (SMTK) latest 10-Q report, and I’m really frustrated. The TRUFLEX® technology sounds like a game-changer for MicroLED and AI chips, with 140 patents and massive market potential (
$178B by 2032). But where are the big partners? Collabs with AUO, ITRI, or Chip Foundation look promising, but there’s no concrete deals or revenue (
$55K in 6 months – pathetic!).
Worse, they’ve got only
$1.2M in cash, lasting until September 2025, and the report explicitly mentions insolvency risks! How can a company with such tech be so poorly funded? High CPI costs and the new lease are eating everything up. I was hoping for a buyout or solid funding, but management just seems to be “hoping.”
Anyone have insights on whether something’s coming soon, or is this a total loss candidate?
