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0.0373443983402489 0.0373443983402489 0.0373443983402489 0.0373443983402489 0.0957676348547717 0.0957676348547717 -0.00414937759336109 -0.00414937759336109
Stock impact report

Smartkem Reports Third Quarter 2024 Financial Results

SmartKem, Inc. (SMTK) 
Company Research Source: PR Newswire
MANCHESTER, England, Nov. 12, 2024 /PRNewswire/ -- Smartkem (Nasdaq: SMTK), positioned to power the next generation of displays using its disruptive organic thin-film transistors (OTFTs), today provides a business update and reports financial results for the three and nine months ended September 30, 2024.Smartkem Chairman and CEO, Ian Jenks, commented:"During the third quarter of 2024, we continued to gain traction in our drive to commercialize our proprietary semiconductor materials, which enable flexible, transparent and lightweight microLED displays. In September, we entered into a joint development agreement with Chip Foundation to develop microLED-based backlight technology for LCDs, further expanding our ongoing collaborations with leading display manufacturers. In addition, ITRI has requested Smartkem apply our innovations to develop packaging solutions for advanced computer and AI chips."Together with our developmental partners, our printable semiconductor inks have the potent Show less Read more
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