SMX (Security Matters) Public Limited Company (SMX) Stock Score, Valuation & Financial Research

SMX (Security Matters) Public Limited Company is in the Industrials sector and Specialty Business Services industry. It is reviewed using Wall Street Score's company-strength, valuation, growth and financial-health framework. A complete Wall Street Score is not currently available.

Quick answer for SMX

SMX (Security Matters) Public Limited Company does not currently have a complete Wall Street Score. The stored market price is USD 3.87. These figures are a research snapshot, not a buy or sell recommendation.

What SMX (Security Matters) Public Limited Company does

SMX (Security Matters) Public Limited Company offers cutting-edge technological solutions for brand safeguarding, product verification, and supply chain transparency, primarily serving the global anti-counterfeiting industry. At the heart of its offerings is a unique marking system that can embed either permanent or removable identifiers directly onto materials or items, regardless of whether they are solid, liquid, or gaseous. The company's complete solution integrates these physical or chemical markers with a specialized reader, all connected to a secure blockchain-powered digital platform. This suite of capabilities supports applications such as process traceability, authentication, and initiatives within sustainability and circular economics. SMX provides its services to a broad client base, including brand owners, manufacturers, and various suppliers. The company, which changed its name from Empatan Public Limited Company in February 2023, is headquartered in Dublin, Ireland.

Company business and revenue

Research reporting period: 2025-12-31. A research update is not a new financial filing.

How the company makes money

SMX operates a business-to-business model providing brand protection, supply chain integrity, and circular economy solutions. The company generates revenue through fixed fees or volume-based pricing for its proprietary cyber-digitizing hardware and software technology, targeting manufacturers and brands rather than end consumers.

Products and services

  • Proprietary cyber-digitizing hardware and software for brand authentication, supply chain tracking, and circular economy management.

Customer types

Leading brands; Manufacturers.

Suppliers, materials and equipment

  • Unnamed raw material and component suppliers — The company relies on third-party suppliers for the production of its proprietary hardware components and materials. Source

Business strengths to evaluate

  • Proprietary cyber digitizing hardware protection technology Source

Business risks and research considerations

  • Dependence on capital raises and ongoing operations for liquidity Source
  • Operational risks associated with technology commercialization Source

Sources: Company research source · Proprietary cyber digitizing hardware protection technology · Dependence on capital raises and ongoing operations for liquidity · Operational risks associated with technology commercialization

Company research refreshed 2026-10-13. This is saved research, not a live check of company relationships. Check the reporting period and source disclosures. Financial figures and scores follow their separate update schedules.

SMX financial snapshot

Statement amounts: USD. Quote amounts: USD. No exchange-rate conversion is performed in this snapshot. Market-capitalization currency is not supplied by this projection.

Wall Street Score:
Not currently available
Stored price:
USD 3.87
Market capitalization:
235.07K (currency not supplied)
Revenue:
USD 0.00
Net income:
USD -3.56M
Free cash flow:
USD -17M
Cash:
USD 12.2M
Total debt:
USD 9.17M
EPS:
USD -2596361263.00

What stands out

  • Free cash flow is USD -17M, negative for the stored period.
  • The balance sheet shows USD 12.2M of cash versus USD 9.17M of total debt, an excess of cash over debt on these two reported measures.
  • The current research record carries a missing revenue history warning, which should be reviewed alongside the score.

Company-specific financial comparisons

The following are calculated from saved company data, not forecasts or statements about future performance. Differences in reporting dates or units can make a ratio misleading; verify the original filings.

  • Cash exceeds debt by USD 3.03M using the stored balance-sheet values. This does not include other obligations or restricted cash.

Questions worth answering for SMX

Use these questions to check the stored figures against the latest company filings. They identify issues to investigate; they are not findings about management's plans or future results.

  • How long can SMX fund negative free cash flow using its current cash position before it may need more debt or new shares?
  • Does SMX's balance between cash and debt leave enough flexibility if business conditions weaken?
  • What specifically needs to improve for SMX to reach sustainable profitability?
  • What does the current missing revenue history warning mean for the reliability or interpretation of SMX's score?

What the numbers mean

A complete valuation score is not currently available, so valuation should be checked using the available earnings, cash-flow and price data.

A complete financial score is not currently available, so investors should review cash, debt, earnings and cash flow directly.

A strong company and an attractive stock price are not always the same thing. Revenue, earnings, free cash flow, debt, management quality, competitive advantage and valuation should be considered together. Wall Street Score organizes these inputs into a consistent research framework so investors can identify what deserves deeper review.

Data freshness: Financial data last refreshed 2026-10-01.

Research-input completeness: 73% of the scoring inputs required for this public page are currently available.

How to research SMX

Start by understanding how the company makes money. Then compare revenue and earnings trends, cash generation, debt, liquidity and valuation. Review the company's latest filings and earnings reports before acting on any score or model estimate.

Learn how to analyze a stock · Read the Wall Street Score methodology · Browse other stocks

Data may change as company filings and market prices update. Educational research only; not a buy or sell recommendation.