SMX (Security Matters) Public Ltd Co
SMX, SMXWW · Misc Industrial & Commercial Machinery & Equipment · EDGAR filings ↗
Grade
F36Going-concern ESG-marking technology company with deeply negative returns and a long history of reverse splits.
Strengths
- Net income growth 73rd pct (loss narrowed) and large patent portfolio
- Some cash on hand ($12.2M, 56th pct)
Risks
- Explicit going-concern doubt; ROE -9.0x, ROIC -5.98 (0.3 pct), negative interest coverage
- Current liabilities $21.7M vs minimal liquidity (current ratio 0.59)
- Serial dilution/reverse splits (multiple in 2025) signaling severe distress
Notable findings
- No interest coverageInterest coverage -3.59 (cannot cover interest)
- Going concernPotential risks and uncertainties that could affect our operating results and financial condition include, without limitation, the following: 3 Risks Related to Our Financial Statements Our f
- Weak liquidityCurrent ratio 0.59 (<1)
Key metrics
Return on equity
-903.4%
Return on assets
-421.3%
ROIC
-597.8%
Debt / equity
0.0×
Interest coverage
-3.6×
Current ratio
0.6×
Tangible book value
-$795K
Cash & investments
$12M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-20 | 2025-12-31 | 0001493152-26-011985 ↗ |
| 20-F | 2025-05-14 | 2024-12-31 | 0001641172-25-010399 ↗ |
| 20-F | 2024-04-30 | 2023-12-31 | 0001493152-24-017279 ↗ |
| 20-F | 2023-05-01 | 2022-12-31 | 0001493152-23-014803 ↗ |
| 20-F | 2023-03-13 | 2023-03-07 | 0001193125-23-069234 ↗ |