22nd Century Group Reports First Quarter 2024 Financial Results [Yahoo! Finance]
22nd Century Group, Inc (XXII)
NASDAQ:AMEX Investor Relations:
xxiicentury.com
Company Research
Source: Yahoo! Finance
Reduced ~$8.0 Million of Outstanding Debt and Liabilities for Equity Exchanges in Q2 2024 Mocksville, North Carolina--(Newsfile Corp. - May 15, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII), a tobacco products company focused on nicotine harm reduction, today reported results for the first quarter ended March 31, 2024, and provided an update on recent business highlights. First Quarter 2024 Financial Results All figures reported below reflect continuing operations, excluding discontinued operations related to the sale and exit of its hemp/cannabis franchise in late 2023. Cash used in operations during the first quarter of 2024 declined significantly to $2.3 million, as compared to the prior comparative period of $17.5 million, and fourth quarter 2023 of $4.8 million. Net revenue from continuing operations was $6.5 million, as the Company further refined its revenue mix away from negative margin filtered cigars in favor of higher margin VLN ® and conventional cigarettes.
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XXII
News
- 22nd Century Group, Inc. (NASDAQ: XXII) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- 22nd Century Group, Inc. (NASDAQ: XXII) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- 22nd Century Group, Inc. (NASDAQ: XXII) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- 22nd Century Group, Inc. (NASDAQ: XXII) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- 22nd Century Group, Inc. (NASDAQ: XXII) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
XXII
Earnings
- 5/15/24 - Beat
XXII
Sec Filings
- 10/25/24 - Form DEF
- 10/24/24 - Form 8-K
- 10/23/24 - Form SC
- XXII's page on the SEC website