SMX (Security Matters) Public Limited Company — Cyborg Score 4/10
Challenged
Digital supply chain traceability and carbon transparency
Strategic Profile
SMX positions itself as a sustainability and supply chain transparency enabler for B2B clients seeking digital material tracking and certification solutions. The company has faced significant stock volatility and compliance challenges, including receipt of a Nasdaq delinquency notification in January 2024 due to price below $1.00 threshold, though it announced expanded equity commitments and new product initiatives including Digital Material Passport and Global Plastics Passport platforms as of June 2026.
Cyborg Score Rationale
SMX stock has shown a −100.00% decrease over the last year as of June 2026. The company faces serious challenges including regulatory compliance issues, extreme stock price volatility, and a highly stressed capital structure with minimal market capitalization.
Top Insights
Company filed under Nasdaq delinquency notice (January 2024) for extended below-$1 stock pricing
Announced Digital Material Passport Platform and expanded $250M equity line extending visibility to 2028 (June 2026)
Operates as B2B white label solution provider targeting supply chain transparency and carbon transition markets
Extreme stock volatility with <300K shares in float post-reverse splits; significant speculative sentiment
Named Competitors
Coupa — Cloud-based supply chain management and procurement platform