Earnings ·
SMX reported a net loss of $45.45 million for the six months ended June 30, 2026, compared to $24.62 million for the…
SMXWWSMX (Security Matters) Public Ltd Co
SMX reported a net loss of $45.45 million for the six months ended June 30, 2026, compared to $24.62 million for the same period in 2025. The company has not yet generated recurring commercial revenue. To fund operations, SMX raised $50.52 million through its Standby Equity Purchase Agreement (SEPA), increasing cash and cash equivalents to $33.54 million. The company also entered into a Shareholder Rights Agreement on February 13, 2026, issuing rights to purchase Series A Preferred Shares to prevent unauthorized acquisitions. Additionally, the company suspended arbitration proceedings with R&I Trading and assigned its intellectual property from SMX Israel to SMX IP and Licensing Limited on June 25, 2026. The company provides brand protection, authentication, and track-and-trace technology for the anti-counterfeit and circular economy markets.