SMXT (SMXT) financial statements
SMXT reported revenue of $91M in fiscal 2025, up 26.7% a year over 3 years.
Net income was -$6M and the operating margin -6.9%, against -17.8% in 2022.
The diluted share count rose 26% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SMXT's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $45M | $54M | $23M | $91M |
| Cost of revenue | $37M | $43M | $21M | $87M |
| Gross profit | $7M | $11M | $2M | $4M |
| Selling, general and admin | $15M | $11M | $28M | $11M |
| Operating income | -$8M | $483,851 | -$33M | -$6M |
| Interest expense | — | — | $2M | $1M |
| Pre-tax income | -$7M | $370,592 | -$33M | -$7M |
| Income tax | $41,432 | -$64,194 | $2M | -$1M |
| Net income | -$7M | $434,786 | -$35M | -$6M |
| EPS (diluted) | -$0.17 | $0.01 | -$0.79 | -$0.13 |
| Diluted shares | 40M | 40M | 44M | 50M |
| Gross margin | 16.7% | 20.6% | 10.1% | 4.6% |
| Operating margin | -17.8% | 0.9% | -144.0% | -6.9% |
| Net margin | -15.4% | 0.8% | -152.1% | -7.0% |
Balance sheet
Fiscal years, from SMXT's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash and short-term investments | $4M | $3M | $7M | $8M |
| Receivables | $6M | $4M | $4M | $13M |
| Inventory | $3M | $1M | $1M | $2M |
| Total current assets | $29M | $20M | $21M | $75M |
| Property, plant and equipment | $444,173 | $291,416 | $200,889 | $138,890 |
| Goodwill | $8M | $8M | $0 | $0 |
| Total assets | $61M | $49M | $39M | $91M |
| Total current liabilities | $47M | $43M | $35M | $96M |
| Total liabilities | $78M | $65M | $54M | $103M |
| Shareholders' equity | -$16M | -$16M | -$15M | -$12M |
| Net debt | -$4M | $18M | $17M | $12M |
Cash flow
Fiscal years, from SMXT's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating cash flow | -$2M | $4M | -$9M | $498,049 |
| Capital spending | $83,466 | $27,999 | $0 | — |
| Free cash flow | -$2M | $4M | -$9M | — |
| Stock-based compensation | — | $0 | $19M | $520,721 |
| Net borrowing | -$68,240 | -$33,451 | $0 | — |
| Free cash flow margin | -4.6% | 7.5% | -39.7% | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for SMXT.
Open SMXT in InvestinglyQuestions
What was SMXT's revenue in 2025?
$91M in fiscal 2025, from its 10-K filing.
From SMXT's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.