22nd Century Group (XXII) Reports Fourth Quarter 2023 Financial Results [Yahoo! Finance]
22nd Century Group, Inc (XXII)
NASDAQ:AMEX Investor Relations:
xxiicentury.com
Company Research
Source: Yahoo! Finance
nicotine harm reduction, today reported results for the fourth quarter ended December 31, 2023, and provided an update on recent business highlights. Fourth quarter results and recent business activities included: Net revenue from continuing operations in the fourth quarter of 2023 was $7.4 million, Exited hemp/cannabis operations to fully focus on tobacco harm reduction and contract manufacturing activities, Substantially reduced operating costs through efficiency initiatives and the hemp/cannabis business sale, Began new initiatives to increase sales, improve gross margin and increase operating profit in 2024, and Commenced developing new customer engagement strategies to drive additional sales growth in the FDA authorized VLN ® products available in more than 5,100 stores across 26 states. Said Larry Firestone, Chairman and CEO: "Our turnaround is progressing rapidly, after restructuring a significant portion of the business over the last 120 days as part of our manda
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News
- 22nd Century Group to Participate in the Planet MicroCap Showcase on May 1-2, 2024 [Yahoo! Finance]Yahoo! Finance
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- 22nd Century Announces Plan to Eliminate Its Senior Secured Debt [Yahoo! Finance]Yahoo! Finance
- 22nd Century Group (XXII) Signs Large New CMO Customer [Yahoo! Finance]Yahoo! Finance
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XXII
Earnings
- 3/28/24 - Beat
XXII
Sec Filings
- 4/19/24 - Form PRE
- 4/19/24 - Form D
- 4/18/24 - Form 8-K
- XXII's page on the SEC website