SmartMetric, Inc. (SMME) Jun 2024 Earnings Report
SMARTMETRIC INC: Investment Report
Overview
As a leading multidisciplinary electronics and system design and manufacturing company, SmartMetric Inc. (SMME) has been making waves in the technology sector. With its innovative fingerprint sensor-activated card, the company is poised to revolutionize the biometric identification industry. In this report, we will delve into the company's financial performance, growth prospects, and recent news to provide a comprehensive overview of the investment opportunities presented by SMME.
Core Metrics
- Current price: 0.0002 USD
- 52-week high: 0.0015 USD
- 52-week low: 0.0001 USD
- Market Cap: 564,544 USD
- P/E Ratio: N/A
- Earnings per Share: N/A
- 50-day average: 0.0002912 USD
- 200-day average: 0.000486 USD
- Analyst Recommendations: None
Financial Performance
SmartMetric Inc.'s financial performance has been impacted by significant operational cash outflows, resulting in a negative EBITDA of -702,878 USD. The company's total cash reserves stand at 14,861 USD, and free cash flow is -148,711 USD. While these numbers may seem concerning, it is essential to consider the company's research and development investments in its innovative biometric card technology.
Growth Prospects
Despite the current financial challenges, SmartMetric Inc. has substantial growth potential. The company's innovative technology has the potential to disrupt the biometric identification industry, and with the growing demand for secure identification solutions, SMME is well-positioned to capitalize on this trend.
News and Updates
Recent news articles have highlighted SmartMetric Inc.'s involvement in empowering local entrepreneurs through its SMME program. Additionally, the company has announced the successful completion of its biometric card production, marking a significant milestone in its product development.
Upgrades and Downgrades
There have been no recent upgrades or downgrades from leading analyst firms.
Summary
In conclusion, SmartMetric Inc. presents an intriguing investment opportunity for those willing to take on risk. While the company's current financial performance is concerning, its innovative technology and growth prospects make it an attractive investment option. We recommend a "hold" rating on SMME, as the company continues to develop its product and move towards commercialization.
Disclosures
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