22nd Century Group, Inc. (XXII)

NASDAQ: XXII · IEX Real-Time Price · USD
0.774
+0.053 (7.38%)
At close: Jul 26, 2024, 3:57 PM
0.750
-0.024 (-3.10%)
After-hours: Jul 26, 2024, 7:12 PM EDT
7.38%
Market Cap 6.35M
Revenue (ttm) 16.71M
Net Income (ttm) -141.91M
Shares Out 8.29M
EPS (ttm) -91.10
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 162,258
Open 0.710
Previous Close 0.721
Day's Range 0.690 - 0.783
52-Week Range 0.580 - 61.120
Beta 1.38
Analysts Buy
Price Target 80.00 (+10,237.25%)
Earnings Date Aug 12, 2024

About XXII

22nd Century Group, Inc., a tobacco products company, engages in the sale and distribution of its own proprietary new reduced nicotine tobacco products. The company offers reduced nicotine content tobacco plants and very low nicotine combustible cigarette products. It also provides contract manufacturing services for conventional combustible tobacco products for third-party brands. The company was founded in 1998 and is headquartered in Mocksville, North Carolina. [Read more]

Industry Tobacco
Founded 1998
Employees 64
Stock Exchange NASDAQ
Ticker Symbol XXII
Full Company Profile

Financial Performance

In 2023, XXII's revenue was $21.79 million, a decrease of -21.85% compared to the previous year's $27.88 million. Losses were -$150.77 million, 152.1% more than in 2022.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for XXII stock is "Buy." The 12-month stock price forecast is $80.0, which is an increase of 10,237.25% from the latest price.

Price Target
$80.0
(10,237.25% upside)
Analyst Consensus: Buy
Stock Forecasts

News

22nd Century Announces New Greenbutts Manufacturing Agreement for Innovative Plant-Based, Biodegradable Cigarette Filters

Patented, Fully Water Dispersing, Biodegradable Solution for World's Most Littered Item Mocksville, North Carolina--(Newsfile Corp. - July 10, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII), a tobacc...

16 days ago - Newsfile Corp

22nd Century to Re-Launch and Expand VLN(R) Presence in South Korea

Mocksville, North Carolina--(Newsfile Corp. - July 9, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII), a tobacco products company focused on nicotine harm reduction and contract manufacturing, today a...

17 days ago - Newsfile Corp

22nd Century Group to Participate in the Emerging Growth Virtual Conference on July 17, 2024

Mocksville, North Carolina--(Newsfile Corp. - July 8, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII), a tobacco products company focused on nicotine harm reduction and contract manufacturing, today a...

18 days ago - Newsfile Corp

22nd Century Reduces Debt by Additional $1.5 Million via Payment from GVB

Mocksville, North Carolina--(Newsfile Corp. - June 25, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII), a tobacco products company focused on nicotine harm reduction and contract manufacturing, today ...

4 weeks ago - Newsfile Corp

22nd Century Announces Resignation of John Miller as President of Tobacco

Helped Establish National Scale Distribution and Launch VLN in More Than 5,000 Stores Across the Country Mocksville, North Carolina--(Newsfile Corp. - May 30, 2024) - 22nd Century Group, Inc. (NASDAQ:...

2 months ago - Newsfile Corp

22nd Century Group Reports First Quarter 2024 Financial Results

New Contracts to Boost Second Quarter Revenue Reduced Operating Costs, Improved Cash Position Reduced ~$8.0 Million of Outstanding Debt and Liabilities for Equity Exchanges in Q2 2024 Mocksville, Nort...

2 months ago - Newsfile Corp

22nd Century Eliminates an Additional $2.3 Million of Debt

Continues to Improve Balance Sheet and Move Toward Cash Positive Operations Mocksville, North Carolina--(Newsfile Corp. - May 13, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII), a tobacco products co...

2 months ago - Newsfile Corp

22nd Century Group to Participate in the Aegis Capital Virtual Conference on May 9, 2024

Mocksville, North Carolina--(Newsfile Corp. - May 8, 2024) - 22nd Century Group, Inc. (Nasdaq: XXII), a tobacco products company focused on nicotine harm reduction, today announced that it will presen...

2 months ago - Newsfile Corp

22nd Century Group (XXII) to Announce First Quarter 2024 Results on May 15, 2024

Mocksville, North Carolina--(Newsfile Corp. - May 7, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII), a tobacco company focused on tobacco harm reduction to improve health and wellness, will host a li...

2 months ago - Newsfile Corp

22nd Century Eliminates $5.2 Million of Debt in Above-Market Equity Transaction

Improves Balance Sheet, Eliminates Future Omnia Interest Expense and Increases Shareholder Equity Mocksville, North Carolina--(Newsfile Corp. - April 30, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII...

3 months ago - Newsfile Corp

22nd Century Group Announces Resignation of Sullivan and Mish from the Board of Directors

Intends to Reduce Board to Four Seats in Upcoming Proxy Mocksville, North Carolina--(Newsfile Corp. - April 18, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII), a tobacco products company focused on n...

3 months ago - Newsfile Corp

22nd Century Group Regains Compliance with NASDAQ Minimum Bid Price Rule

Continues Focus on Growing Sales with New Contracts, Progress Toward Cash Positive Operations Mocksville, North Carolina--(Newsfile Corp. - April 18, 2024) - 22nd Century Group, Inc. (Nasdaq: XXII), a...

3 months ago - Newsfile Corp

22nd Century Group to Participate in the Planet MicroCap Showcase on May 1-2, 2024

Mocksville, North Carolina--(Newsfile Corp. - April 15, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII), a tobacco products company focused on nicotine harm reduction, today announced that it will pre...

3 months ago - Newsfile Corp

22nd Century Group Expands CMO Business with New Pinnacle Brand Cigarillo Products

Pinnacle Branded Products Growing At Over 10% at Top-5 U.S. C-Store Chain Mocksville, North Carolina--(Newsfile Corp. - April 11, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII), a tobacco products co...

3 months ago - Newsfile Corp

22nd Century Announces Plan to Eliminate Its Senior Secured Debt

Company Bolsters Balance Sheet with $4.2 Million Capital Infusion New Senior Leadership Team Announced to Further Drive Shareholder Value Mocksville, North Carolina--(Newsfile Corp. - April 8, 2024) -...

3 months ago - Newsfile Corp

22nd Century Group (XXII) Signs Large New CMO Customer

New Contract Will Commence in Second Quarter, Ultimately Boost CMO Volumes by More Than 20% Mocksville, North Carolina--(Newsfile Corp. - April 4, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII), a to...

4 months ago - Newsfile Corp

22nd Century Group (XXII) Reports Fourth Quarter 2023 Financial Results

Mocksville, North Carolina--(Newsfile Corp. - March 28, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII), a tobacco products company focused on nicotine harm reduction, today reported results for the f...

4 months ago - Newsfile Corp

22nd Century Group to Announce Fourth Quarter 2023 Results on March 28, 2024

Mocksville, North Carolina--(Newsfile Corp. - March 15, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII), a tobacco company focused on tobacco harm reduction to improve smoker health and wellness, will...

4 months ago - Newsfile Corp

22nd Century Group Announces Reduction in Board Compensation

Reduced Cost Structure Expected to Save more than $1Million Annually in 2024, Aligns Board with Corporate-Wide Lean Operating Commitment Mocksville, North Carolina--(Newsfile Corp. - February 13, 2024...

5 months ago - Newsfile Corp

22nd Century Group to Present at the Emerging Growth Conference on February 8, 2024

Mocksville, North Carolina--(Newsfile Corp. - February 6, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII) (the "Company" or "22nd Century"), a biotechnology company focused on utilizing advanced plant...

6 months ago - Newsfile Corp

22nd Century Group Announces Partial Adjournment of Annual Meeting for Proposal 2, All Other Proposals Passed

Transforming Business into Lean Operating Base, Extending Cash Runway, Shareholder Meeting to Re-convene February 15 Mocksville, North Carolina--(Newsfile Corp. - January 24, 2024) - 22nd Century Grou...

6 months ago - Newsfile Corp

22nd Century Group Provides Shareholder Update and Highlights Insider Stock Purchases from Management

Fireside Chat Webcast Event to Take Place January 17, 2024 Buffalo, New York--(Newsfile Corp. - January 17, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII) (the "Company" or "22nd Century"), a biotech...

6 months ago - Newsfile Corp

22nd Century Group to Host Fireside Chat Event on January 17

Analyst Hosted Event to Discuss Refocused Business, Cost Reductions and Turnaround Plan Buffalo, New York--(Newsfile Corp. - January 12, 2024) - 22nd Century Group, Inc. (NASDAQ: XXII) (the "Company" ...

7 months ago - Newsfile Corp

22nd Century Group Completes Sale of Hemp/Cannabis Franchise

Sale Will Significantly Reduce Operating Expenses, Ultimately Reduce Debt by $5.2 Million Buffalo, New York--(Newsfile Corp. - December 28, 2023) - 22nd Century Group, Inc. (NASDAQ: XXII) (the "Compan...

7 months ago - Newsfile Corp

22nd Century Group's Senior Lender Approves Sale of Hemp/Cannabis Franchise on Improved Terms

Sale and Related Actions Ultimately Expected to Reduce Debt Principal by $5.2 Million Buffalo, New York--(Newsfile Corp. - December 14, 2023) - 22nd Century Group, Inc. (NASDAQ: XXII) (the "Company" o...

8 months ago - Newsfile Corp