See more : Sekichu Co., Ltd. (9976.T) Income Statement Analysis – Financial Results
Complete financial analysis of 22nd Century Group, Inc. (XXII) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of 22nd Century Group, Inc., a leading company in the Tobacco industry within the Consumer Defensive sector.
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22nd Century Group, Inc. (XXII)
About 22nd Century Group, Inc.
22nd Century Group, Inc., an agricultural biotechnology company, focuses on tobacco harm reduction, reduced nicotine tobacco, and enhancing health and wellness through plant science for the life science and consumer products industries. It develops very low nicotine content tobacco and cigarette products under the VLN King and VLN Menthol King names; and SPECTRUM research cigarettes for use in independent clinical studies. The company has collaboration with Keygene N.V. to develop hemp/cannabis plants for exceptional cannabinoid profiles and other superior agronomic traits for medical, therapeutic, and agricultural uses, as well as other applications. 22nd Century Group, Inc. was founded in 1998 and is headquartered in Buffalo, New York.
Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 32.20M | 62.11M | 30.95M | 28.11M | 25.83M | 26.43M | 16.60M | 12.28M | 8.52M | 528.99K | 7.28M | 18.78K | 1.01M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Cost of Revenue | 40.90M | 60.94M | 28.88M | 26.67M | 25.82M | 25.53M | 17.31M | 12.71M | 9.10M | 498.44K | 461.67K | 67.97K | 418.17K | 2.71K | 0.00 | 0.00 | 0.00 | 0.00 |
Gross Profit | -8.70M | 1.17M | 2.07M | 1.44M | 14.46K | 898.99K | -707.91K | -429.70K | -580.56K | 30.56K | 6.82M | -49.19K | 593.97K | -2.71K | 0.00 | 0.00 | 0.00 | 0.00 |
Gross Profit Ratio | -27.00% | 1.89% | 6.69% | 5.12% | 0.06% | 3.40% | -4.26% | -3.50% | -6.81% | 5.78% | 93.66% | -262.01% | 58.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Research & Development | 2.64M | 6.56M | 3.27M | 4.13M | 8.06M | 14.99M | 3.37M | 2.34M | 1.67M | 1.25M | 744.23K | 729.23K | 2.10M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
General & Administrative | 31.83M | 32.23M | 0.00 | 0.00 | 0.00 | 7.66M | 7.12M | 6.19M | 7.76M | 8.79M | 4.11M | 2.21M | 1.79M | 78.57K | 52.86K | 82.15K | 29.20K | 59.79K |
Selling & Marketing | 0.00 | 12.29M | 0.00 | 0.00 | 0.00 | 927.41K | 1.16M | 1.58M | 1.36M | 85.93K | 9.05K | 61.88K | 286.03K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
SG&A | 31.83M | 44.52M | 25.88M | 14.97M | 12.96M | 8.59M | 8.28M | 7.78M | 9.12M | 8.88M | 4.12M | 2.27M | 2.07M | 78.57K | 52.86K | 82.15K | 29.20K | 59.79K |
Other Expenses | 1.76M | 7.20M | 1.25M | 1.35M | 1.43M | 1.34M | 947.00K | 842.18K | 676.29K | 1.64M | 122.02K | 198.41K | 179.95K | 10.73K | 9.94K | 15.53K | 20.29K | 0.00 |
Operating Expenses | 36.24M | 58.28M | 30.40M | 20.45M | 22.44M | 24.92M | 12.59M | 10.96M | 11.46M | 11.77M | 5.00M | 3.19M | 4.35M | 78.57K | 52.86K | 82.15K | 29.20K | 59.79K |
Cost & Expenses | 77.14M | 119.22M | 59.28M | 47.12M | 48.26M | 50.44M | 29.90M | 23.67M | 20.57M | 12.27M | 5.47M | 3.26M | 4.77M | 81.28K | 52.86K | 82.15K | 29.20K | 59.79K |
Interest Income | 219.00K | 313.00K | 321.00K | 1.75M | 1.07M | 1.07M | 115.10K | 16.89K | 31.20K | 30.38K | 0.00 | 0.00 | 0.00 | 1.00 | 15.00 | 0.00 | 0.00 | 0.00 |
Interest Expense | 9.37M | 353.00K | 58.00K | 72.00K | 56.38K | 10.94K | 29.10K | 37.75K | 52.98K | 7.09K | 748.61K | 1.49M | 104.00K | 8.66K | 2.62K | 0.00 | 0.00 | 0.00 |
Depreciation & Amortization | 4.86M | 3.59M | 1.54M | 1.53M | 1.64M | 1.34M | 947.00K | 842.18K | 774.31K | 495.30K | 144.29K | 198.41K | 179.95K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EBITDA | -40.41M | -32.89M | -31.00M | -18.07M | -24.86M | -6.61M | -12.05M | -10.70M | -10.20M | -15.13M | -25.38M | -5.04M | -1.06M | -81.28K | -52.86K | -82.15K | -29.20K | -59.79K |
EBITDA Ratio | -125.49% | -95.81% | -78.25% | -57.50% | -86.53% | -26.92% | -71.64% | -87.39% | -133.00% | -2,144.24% | 28.56% | -16,222.33% | -601.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Operating Income | -44.93M | -57.11M | -28.33M | -19.01M | -22.42M | -24.02M | -13.30M | -11.39M | -12.04M | -11.74M | 1.81M | -3.24M | -3.76M | -81.28K | -52.86K | -82.15K | -29.20K | -59.79K |
Operating Income Ratio | -139.52% | -91.94% | -91.55% | -67.61% | -86.81% | -90.89% | -80.12% | -92.74% | -141.33% | -2,218.75% | 24.90% | -17,279.09% | -371.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Total Other Income/Expenses | -9.71M | -2.90M | -4.18M | -490.00K | -4.13M | 16.05M | 270.75K | -193.58K | 1.01M | -3.83M | -27.97M | -3.49M | 3.75M | -8.65K | -2.61K | 0.00 | -470.00 | 0.00 |
Income Before Tax | -54.64M | -60.24M | -32.60M | -19.67M | -26.56M | -7.97M | -13.03M | -11.58M | -11.03M | -15.60M | -26.15M | -6.74M | -1.35M | -89.93K | -55.47K | -82.15K | -29.67K | -59.79K |
Income Before Tax Ratio | -169.67% | -96.98% | -105.32% | -69.98% | -102.81% | -30.15% | -78.49% | -94.31% | -129.45% | -2,948.13% | -359.33% | -35,881.42% | -133.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Income Tax Expense | 47.00K | -434.00K | 14.00K | 38.00K | -2.36M | 15.00M | 375.29K | -164.59K | -42.70K | -94.07K | 870.63K | -1.46K | 1.35M | 89.93K | 55.47K | 82.15K | 29.67K | 59.79K |
Net Income | -140.78M | -59.80M | -32.61M | -19.71M | -24.20M | -7.97M | -13.03M | -11.58M | -11.03M | -15.60M | -26.15M | -6.74M | -1.35M | -89.93K | -55.47K | -82.15K | -29.67K | -59.79K |
Net Income Ratio | -437.14% | -96.28% | -105.37% | -70.12% | -93.66% | -30.15% | -78.49% | -94.31% | -129.45% | -2,948.13% | -359.33% | -35,873.67% | -133.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EPS | -116.47 | -74.43 | -50.40 | -34.08 | -46.13 | -15.38 | -30.91 | -36.00 | -38.85 | -62.40 | -144.00 | -53.20 | -12.33 | -1.24 | -0.77 | -1.15 | -0.82 | -6.09 |
EPS Diluted | -116.47 | -74.43 | -50.10 | -34.08 | -46.13 | -15.38 | -30.91 | -34.81 | -38.85 | -62.39 | -143.85 | -53.20 | -12.33 | -1.24 | -0.77 | -1.15 | -0.82 | -6.09 |
Weighted Avg Shares Out | 1.29M | 803.50K | 647.00K | 578.39K | 524.51K | 517.91K | 421.51K | 321.71K | 283.93K | 249.93K | 181.62K | 126.61K | 109.85K | 72.24K | 72.24K | 71.68K | 36.28K | 9.81K |
Weighted Avg Shares Out (Dil) | 1.29M | 803.50K | 650.87K | 578.39K | 524.51K | 517.91K | 421.51K | 332.68K | 283.93K | 249.97K | 181.81K | 126.61K | 109.85K | 72.24K | 72.24K | 71.68K | 36.28K | 9.81K |
22nd Century Group Reports Third Quarter 2024 Financial Results
22nd Century Group (XXII) to Announce Third Quarter 2024 Results on November 12, 2024
22nd Century Group to Present at the LD Micro Main Event XVII on October 30 in Los Angeles
22nd Century Regains Compliance with Nasdaq Stockholders' Equity Requirement
22nd Century Continues CMO Business Expansion with Additional Filtered Cigar Volume
22nd Century Announces New Branded Products Order with Customer for Southeast Asia
22nd Century Updates Strategic Growth Initiatives for VLN
22nd Century Satisfies IP Licensing and Sponsored Research Obligations to NCSU Through 2025 in an Equity Transaction
22nd Century Group to Participate in the HC Wainwright Conference on September 10, 2024
22nd Century Raises $1.68 Million in Regulation A Offering, Amends Senior Secured Credit Facility
Source: https://incomestatements.info
Category: Stock Reports
When does 22nd Century Group aim to achieve EBITDA breakeven?
The company aims to achieve EBITDA breakeven in Q1 2025 and plans to launch additional VLN® SKUs within key customer brand families to expand distribution of reduced nicotine content cigarettes.
How has 22nd Century Group’s net debt changed in the last quarter?
Adjusted EBITDA loss increased to $3.2 million, from a loss of $2.6 million. Net debt improved to $3.0 million, compared to $7.0 million in the preceding quarter of 2024.
How did 22nd Century Group’s gross profit change in Q3 2024?
The Q3 2024 results reveal significant operational challenges, with net revenues declining to $5.9 million from $7.9 million sequentially. The company’s gross profit turned negative at -$0.6 million , while operating losses widened to $3.4 million .
What were 22nd Century Group’s Q3 2024 revenue and net loss?
22nd Century Group (XXII) reported Q3 2024 financial results showing a decrease in net revenues to $5.9 million from $7.9 million in Q2 2024. The company reported a gross loss of $0.6 million and increased operating loss to $3.4 million. Net loss expanded to $3.6 million with EPS at $(0.27).