SmartKem, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 0.016 million compared to USD 0.03 million a year ago. Net loss was USD 2.05 million compared to USD 2.76 million a year ago.

Basic loss per share from continuing operations was USD 2.45 compared to USD 3.5 a year ago.