22nd Century Group, Inc. Earnings Report Preview: What to Expect
- 22nd Century Group, Inc. is set to announce its quarterly earnings with an anticipated EPS of -5.28 and revenue forecasts of $7.86 million.
- The company's previous quarter showed revenue of $7.36 million and a net income loss of $29.33 million, indicating financial challenges.
- With a detailed financial performance review scheduled, stakeholders are eager to understand XXII's strategic direction and its impact on health and wellness through innovative tobacco products.
22nd Century Group, Inc. (NASDAQ:XXII), a pioneering tobacco company based in North Carolina, is gearing up to share its quarterly earnings report on May 14, 2024, before the market opens. This company stands out for its commitment to reducing tobacco harm, aiming to improve health and wellness through its innovative products. Wall Street's eyes are on XXII as it is expected to announce an earnings per share (EPS) of -5.28, with revenue forecasts circling around $7.86 million for the quarter. This anticipation sets the stage for a critical evaluation of the company's financial health and operational success.
The upcoming earnings disclosure, as detailed by Newsfile Corp., is not just a routine announcement but a significant event where XXII's leadership, including Chairman and CEO Larry Firestone and CFO Dan Otto, will outline the company's financial outcomes and recent advancements. The event will also provide a comprehensive look at XXII's performance through a live webcast, followed by a Q&A session, offering analysts a chance to delve deeper into the company's results and strategies.
In the most recent quarter, XXII reported revenue of approximately $7.36 million, slightly below the upcoming quarter's estimate of $7.86 million. This figure, coupled with a net income loss of about $29.33 million, paints a challenging picture of the company's financial landscape. The reported gross profit was negative at $7.95 million, with operating income also in the red at approximately $32.17 million, indicating significant operational costs and financial pressures.
The earnings per share (EPS) for the period stood at a stark negative of $14.02, reflecting the company's struggles amidst a competitive tobacco industry. The cost of revenue, amounting to around $15.3 million, further underscores the financial hurdles XXII faces. With an EBITDA of negative $31.72 million and a pre-tax income of about $22.07 million in the negative, the company's fiscal health appears strained, highlighting the importance of the upcoming earnings report in shedding light on XXII's ability to navigate its financial challenges.
As XXII prepares to unveil its first quarter results for 2024, stakeholders and analysts alike are keenly awaiting insights into the company's performance and strategic direction. The detailed financial metrics from the previous quarter set a backdrop for understanding XXII's ongoing efforts to mitigate losses and capitalize on its unique position in the tobacco industry for health and wellness improvement.
| Symbol | Price | %chg |
|---|---|---|
| HMSP.JK | 630 | -2.38 |
| GGRM.JK | 10750 | -5.12 |
| 033780.KS | 139300 | 1.79 |
| RMBA.JK | 306 | 0 |
22nd Century Group, Inc. (NASDAQ:XXII) Earnings Report Highlights
- 22nd Century Group, Inc. (NASDAQ:XXII) reported an EPS of -$1.89, missing the estimated -$1.10.
- The company exceeded revenue expectations with $5.96 million against an estimated $4.7 million.
- Despite financial challenges, XXII is expanding its product line and has a current ratio of 1.16, indicating short-term financial health.
22nd Century Group, Inc. (NASDAQ:XXII) is a company focused on reducing nicotine dependence through innovative products. It operates in the tobacco industry, aiming to provide alternatives with reduced nicotine content. The company competes with other tobacco giants but differentiates itself with its unique product offerings.
On May 13, 2025, XXII reported an earnings per share (EPS) of -$1.89, falling short of the estimated -$1.10. Despite this, the company exceeded revenue expectations, reporting $5.96 million against an estimated $4.7 million. This revenue growth is attributed to a 50% sequential increase in sales, driven by its 2025 growth strategy.
The company is actively expanding its product line, preparing to ship its first VLN® partner brand products with Smoker Friendly and other partners. It has also filed for new product authorizations across all 50 states, marking significant progress in its expansion efforts. The launch of Smoker Friendly Black Label cigarettes is another milestone.
Financially, XXII faces challenges, with a negative P/E ratio of -0.03, indicating a lack of profitability. The price-to-sales ratio of 0.11 suggests the stock is valued at 11 cents per dollar of sales. The enterprise value to sales ratio is 0.30, reflecting the company's valuation relative to sales.
The company's debt-to-equity ratio is 2.15, indicating more debt than equity. However, a current ratio of 1.16 shows a modest level of short-term financial health. Despite a negative earnings yield of -35.35%, XXII remains focused on expanding its VLN®, core CMO, and filtered cigar businesses throughout 2025.
22nd Century Group, Inc. (NASDAQ:XXII) Earnings Report Highlights
- 22nd Century Group, Inc. (NASDAQ:XXII) reported an EPS of -$1.89, missing the estimated -$1.10.
- The company exceeded revenue expectations with $5.96 million against an estimated $4.7 million.
- Despite financial challenges, XXII is expanding its product line and has a current ratio of 1.16, indicating short-term financial health.
22nd Century Group, Inc. (NASDAQ:XXII) is a company focused on reducing nicotine dependence through innovative products. It operates in the tobacco industry, aiming to provide alternatives with reduced nicotine content. The company competes with other tobacco giants but differentiates itself with its unique product offerings.
On May 13, 2025, XXII reported an earnings per share (EPS) of -$1.89, falling short of the estimated -$1.10. Despite this, the company exceeded revenue expectations, reporting $5.96 million against an estimated $4.7 million. This revenue growth is attributed to a 50% sequential increase in sales, driven by its 2025 growth strategy.
The company is actively expanding its product line, preparing to ship its first VLN® partner brand products with Smoker Friendly and other partners. It has also filed for new product authorizations across all 50 states, marking significant progress in its expansion efforts. The launch of Smoker Friendly Black Label cigarettes is another milestone.
Financially, XXII faces challenges, with a negative P/E ratio of -0.03, indicating a lack of profitability. The price-to-sales ratio of 0.11 suggests the stock is valued at 11 cents per dollar of sales. The enterprise value to sales ratio is 0.30, reflecting the company's valuation relative to sales.
The company's debt-to-equity ratio is 2.15, indicating more debt than equity. However, a current ratio of 1.16 shows a modest level of short-term financial health. Despite a negative earnings yield of -35.35%, XXII remains focused on expanding its VLN®, core CMO, and filtered cigar businesses throughout 2025.
