SMX Files 6-K with Management Discussion

TL;DR

SMX dropped a 6-K, check the MD&A for Q2 2024 updates.

AI Summary

SMX (Security Matters) Public Ltd Co filed a Form 6-K on October 22, 2024, reporting for the period ending June 30, 2024. The filing includes a "Management's Discussion and Analysis" section. The company was formerly known as Empatan Public Ltd Co until August 1, 2022.

Why It Matters

This filing provides an update on the company's financial and operational status, which is crucial for investors to assess performance and future prospects.

Risk Assessment

Risk Level: low — This is a routine filing providing an update and does not appear to contain significant new risks.

Key Players & Entities

• SMX (Security Matters) Public Ltd Co (company) — Registrant
• Empatan Public Ltd Co (company) — Former company name
• 001-41639 (other) — SEC File Number
• 20241022 (date) — Filing date
• 20240630 (date) — Reporting period end date

FAQ

Key Financial Figures

• $40 b — and an estimated market valued at over $40 billion, this initiative aims to establis
• $5 million — ompany announced that it entered into 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
• $1.00 — sdaq's minimum bid price requirement of $1.00 per share, and reduced the number of ou
• $0.0022 — e of the Ordinary Shares increased from $0.0022 to $0.165. The Company's options, warra
• $0.165 — dinary Shares increased from $0.0022 to $0.165. The Company's options, warrants, and c
• $9,256 thousand — the six months ended June 30, 2024 was $9,256 thousand compared to $31,552 thousand for the si
• $31,552 thousand — 0, 2024 was $9,256 thousand compared to $31,552 thousand for the six months ended June 30, 2023,
• $22,296 — nths ended June 30, 2023, a decrease of $22,296 thousand, or 71%. The major decrease is
• $16,802 thousand — , with Listing costs having amounted to $16,802 thousand and transaction expenses which amounted
• $7,792 thousand — transaction expenses which amounted to $7,792 thousand. Research and Development Expenses
• $1,689 — onths ending June 30, 2024, amounted to $1,689 thousand, representing an increase of $
• $517 — 9 thousand, representing an increase of $517 thousand, or 44%, compared to $1,172 th
• $1,172 thousand — e of $517 thousand, or 44%, compared to $1,172 thousand for the six months ended June 30, 2023.
• $615 thousand — evelopment expenses were an increase of $615 thousand in subcontractors and consultants due t

Filing Documents

• form6-k.htm (6-K) — 233KB
• ex99-1.htm (EX-99.1) — 1007KB
• ex99-1_001.jpg (GRAPHIC) — 20KB
• 0001493152-24-041838.txt ( ) — 5595KB
• smx-20240630.xsd (EX-101.SCH) — 54KB
• smx-20240630_cal.xml (EX-101.CAL) — 57KB
• smx-20240630_def.xml (EX-101.DEF) — 188KB
• smx-20240630_lab.xml (EX-101.LAB) — 403KB
• smx-20240630_pre.xml (EX-101.PRE) — 305KB
• form6-k_htm.xml (XML) — 790KB

Business

Business The Company 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 the same

View Full Filing

View this 6-K filing on SEC EDGAR