SMX Files 2023 Audited Financial Statements

TL;DR

SMX dropped its 2023 audited financials on 4/22. Check the numbers.

AI Summary

SMX (Security Matters) Public Limited Company filed its audited financial statements for the fiscal year ended December 31, 2023, on April 22, 2024. The company, formerly known as Empatan Public Ltd Co, is incorporated in Ireland and its principal executive offices are located in Dublin.

Why It Matters

This filing provides investors with the official audited financial performance of SMX for the past fiscal year, crucial for evaluating the company's financial health and future prospects.

Risk Assessment

Risk Level: low — This is a routine financial filing and does not contain new material information that would inherently increase risk.

Key Players & Entities

• SMX (Security Matters) Public Limited Company (company) — Registrant
• Empatan Public Ltd Co (company) — Former company name
• April 22, 2024 (date) — Filing date
• December 31, 2023 (date) — Fiscal year end
• Dublin, Ireland (location) — Principal executive offices

FAQ

Key Financial Figures

• $40 b — nd a an estimated market valued at over $40 billion, this initiative aims to establis
• $5 million — SMX announcement in January 2024, for a $5 million contract with R&I Trading of New York,
• $10.00 — tters Shares having an implied value of $10.00 per Ordinary Share and the Company beca
• $36,741 thousand — ss for year ended December 31, 2023 was $36,741 thousand compared to an operating loss of $5,190
• $5,190 thousand — ousand compared to an operating loss of $5,190 thousand for year ended December 31, 2022, an in
• $31,551 — ended December 31, 2022, an increase of $31,551 thousand, or 608%. Our operating loss
• $4,974 thousand — ousand compared to an operating loss of $4,974 thousand for year ended December 31, 2021, an in
• $216 — ended December 31, 2021, an increase of $216 thousand, or 4.3%. Research and Devel
• $2,711 — ar ended December 31, 2023, amounted to $2,711 thousand, representing an increase of $
• $813 — 1 thousand, representing an increase of $813 thousand, or 42.8%, compared to $1,898
• $1,898 thousand — of $813 thousand, or 42.8%, compared to $1,898 thousand for the year ended December 31, 2022. T
• $320 thousand — evelopment expenses were an increase of $320 thousand in Share based compensation expenses an
• $568 thousand — f of concept projects that decreased by $568 thousand. The Company’s research and dev
• $1,898 — ar ended December 31, 2022, amounted to $1,898 thousand, representing a decrease of $1
• $141 — 98 thousand, representing a decrease of $141 thousand, or 7%, compared to $2,039 tho

Filing Documents

• form6-k.htm (6-K) — 1567KB
• form6-k_001.jpg (GRAPHIC) — 5KB
• 0001493152-24-015454.txt ( ) — 1575KB

Business

Business SMX integrates chemistry, physics, and computer science to give materials memory and create a culture of transparency and trust across multiple industries. The Company’s nearly 100 patents support unique marking, measuring, and tracking technologies allowing clients to seamlessly deploy transparency at all levels of development and provide stakeholders with a complete provenance of material composition and history, from virgin material to recycled, to address manufacturing challenges and ESG goals while maintaining sustainable growth. As a result, SMX’s technologies are designed and developed to help companies address ESG commitments and transition more successfully to a low-carbon economy. The Company’s technology seeks to enable global companies across various industries to transition more successfully to a sustainable circular economy. By adopting our technology, they would be able to tangibly measure and track the raw material from origination, through the supply chain and at the end of life-where the amount of material recycled/reused from that product item can be measured and as well as the number of times that specific material/item has been recycled/reused. The Company provides one solution to solve both authentication and track and trace challenges in order to uphold supply chain integrity and provide quality assurance and brand accountability to producers of goods. Its technology works as a track and trace system using a marker, a reader and an algorithm to identify embedded sub-molecular particles in order to track and trace different components along a production process (or any other marked good along a supply chain) to the end producer. Its proprietary marker system embeds a permanent or removable (depending on the needs of the customer) mark on solid, liquid or gaseous objects or materials. One reader can detect embedded data in various materials, from metals to fabrics to food and plastics, with all data logged onto

View Full Filing

View this 6-K filing on SEC EDGAR