Summary by Futu AI
SMX Public Limited Company reported its financial performance for the fiscal year ended December 31, 2023, with no significant revenue as it continues to develop and commercialize its technology. The company experienced an operating loss of $36,741 thousand, primarily driven by research and development, selling and marketing, and general and administrative expenses. The net loss for the year significantly increased to $20,989 thousand, up from $6,184 thousand in the previous year. The basic and diluted loss per share was $(7.82). SMX's cash and cash equivalents saw a decrease to $168 thousand, down from $1,398 thousand. However, total assets grew to $51,160 thousand, largely due to the acquisition of TrueGold Consortium Pty Ltd. and the subsequent recognition of goodwill. Total liabilities also rose to $18,916 thousand, with new liabilities including...Show More