Quarterly ResultJul 1, 2026, 05:27 PM
SMX Reports $251M Accumulated Loss; Multiple Reverse Splits
AI Summary
SMX (Security Matters) Public Ltd Co reported consolidated financial statements as of December 31, 2025, revealing accumulated losses of $251 million and a net loss of $174.59 million for the year. The company's recurring losses and negative cash flows raise substantial doubt about its ability to continue as a going concern. SMX has undertaken multiple reverse stock splits throughout 2024 and 2025 to maintain Nasdaq compliance and has secured significant funding through convertible notes and a Standby Equity Purchase Agreement.
Key Highlights
- Accumulated losses reached $251 million as of December 31, 2025.
- Net loss for 2025 was $174.59 million, significantly up from $35.4 million in 2024.
- Cash and cash equivalents increased to $12.2 million in 2025 from $2.3 million in 2024.
- Operating activities used $17.0 million in cash in 2025, up from $11.3 million in 2024.
- Company faces substantial doubt about its ability to continue as a going concern.
- Multiple reverse stock splits (75:1, 28.5:1, 4.1:1, 7:1, 10.89958:1, 8:1) occurred in 2024-2025.
- Secured $42.8 million in convertible notes and a $100 million Standby Equity Purchase Agreement.
Price Impact
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