22nd Century Group, Inc.
22nd Century Group, Inc. (XXII) Financial Performance & Income Statement Overview
Analyze 22nd Century Group, Inc. (XXII) financial statements (income, balance sheet, and cash flow) across both yearly and quarterly periods.
22nd Century Group, Inc. (XXII) Income Statement & Financial Overview
Review 22nd Century Group, Inc. XXII income statement with detailed quarterly and annual figures.
| Metric | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|
| Revenue | $1.84M | $5.95M | $7.95M | $6.47M |
| Cost of Revenue | $3.09M | $6.53M | $7.38M | $7.70M |
| Gross Profit | -$1.25M | -$588000.00 | $570000.00 | -$1.23M |
| Gross Profit Ratio | -$0.68 | -$0.10 | $0.07 | -$0.19 |
| R&D Expenses | $218000.00 | $240000.00 | $250000.00 | $324000.00 |
| SG&A Expenses | $2.47M | $2.55M | $2.36M | $2.91M |
| Operating Expenses | $2.84M | $2.79M | $2.62M | $3.23M |
| Total Costs & Expenses | $5.93M | $9.32M | $9.99M | $10.93M |
| Interest Income | $46000.00 | $3000.00 | $21000.00 | $0.00 |
| Interest Expense | $266000.00 | $311000.00 | $501000.00 | $1.02M |
| Depreciation & Amortization | $307000.00 | $312000.00 | $311000.00 | $328000.00 |
| EBITDA | -$3.67M | -$2.96M | -$1.38M | -$4.11M |
| EBITDA Ratio | -$1.99 | -$0.50 | -$0.17 | -$0.63 |
| Operating Income | -$4.09M | -$3.38M | -$2.05M | -$4.46M |
| Operating Income Ratio | -$2.22 | -$0.57 | -$0.26 | -$0.69 |
| Other Income/Expenses (Net) | -$152000.00 | -$208000.00 | -$141000.00 | -$1.02M |
| Income Before Tax | -$4.24M | -$3.58M | -$2.19M | -$5.45M |
| Income Before Tax Ratio | -$2.31 | -$0.60 | -$0.28 | -$0.84 |
| Income Tax Expense | $3000.00 | $0.00 | $26000.00 | $289000.00 |
| Net Income | -$4.56M | -$3.76M | -$1.11M | -$5.74M |
| Net Income Ratio | -$2.47 | -$0.63 | -$0.14 | -$0.89 |
| EPS | -$0.05 | -$0.55 | -$0.15 | -$1.81 |
| Diluted EPS | -$0.51 | -$0.55 | -$0.15 | -$1.81 |
| Weighted Avg Shares Outstanding | $400858.00 | $13.51M | $7.45M | $3.17M |
| Weighted Avg Shares Outstanding (Diluted) | $400858.00 | $13.51M | $7.45M | $3.17M |
Over the last four quarters, 22nd Century Group, Inc.'s revenue moved from $6.47M in Q1 2024 to $1.84M in Q4 2024. Operating income in Q4 2024 was -$4.09M, with a strong operating margin of -222%. Despite fluctuations in R&D and SG&A expenses, EBITDA for 22nd Century Group, Inc. remained robust at -$3.67M, reflecting operational efficiency. Net income dropped to -$4.56M, with an EPS of -$0.05. Disciplined expense management helped sustain profitability, highlighting solid overall financial performance.
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