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22nd Century (XXII)
NASDAQ:XXII
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.9Last Year’s EPS
-40.5Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 13, 2025
|% Change Since: -2.80%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects significant progress in revenue growth and operational efficiency, supported by strategic product launches and successful capital raising. However, ongoing challenges in achieving positive gross margins and net profitability, along with share dilution, present areas of concern.Company Guidance
In the first quarter of 2025, 22nd Century Group reported significant progress in its financial performance and strategic initiatives. The company achieved a 50% sequential increase in net revenue, reaching $6 million, and improved its gross margin loss by the same percentage from the previous quarter. Sales volume grew with 476,000 cartons sold, marking a 41% increase. Operating expenses were reduced to $2 million, the lowest since the company's turnaround began, leading to an improved net loss of $3.3 million and an adjusted EBITDA loss of $2.3 million. The company reduced its debt to $3.9 million and raised $5.4 million in capital with potential for an additional $3.3 million. 22nd Century remains focused on expanding its distribution, particularly for its Smoker Friendly, Pinnacle, and VLN branded products, and aims for P&L profitability by late 2025.Revenue Growth and Margin Improvement
Net revenue was $6 million in Q1 2025, a 50% increase from $4 million in Q4 2024. Gross margin improved by 50% from the prior quarter, signaling growth and improved profitability.
Operational Efficiency
Total operating expenses for Q1 2025 were $2 million, the lowest quarterly amount since the turnaround began in late 2023.
Debt Reduction
Reduced outstanding debt to $3.9 million from debt for equity conversions and cash payments, improving the balance sheet.
Successful Capital Raise
Executed a capital raise through warrant inducement, securing $5.4 million in gross proceeds, providing cash runway for 2025.
Strategic Product Rollouts
Launched new products like Smoker Friendly Black Label and VLN branded products, with plans for wider distribution and state approvals.
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XXII Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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XXII Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2025 | $1.07 | $1.15 | +7.48% |
Mar 20, 2025 | $1.90 | $1.85 | -2.63% |
Nov 12, 2024 | $13.90 | $13.57 | -2.37% |
Aug 13, 2024 | $97.54 | $93.82 | -3.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does 22nd Century (XXII) report earnings?
22nd Century (XXII) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is 22nd Century (XXII) earnings time?
22nd Century (XXII) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is XXII EPS forecast?
XXII EPS forecast for the fiscal quarter 2025 (Q2) is -0.9.
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