22nd Century Group, Inc. (XXII)

NASDAQ: XXII · IEX Real-Time Price · USD
1.390
-0.130 (-8.55%)
At close: May 17, 2024, 4:00 PM
1.380
-0.010 (-0.72%)
Pre-market: May 20, 2024, 5:56 AM EDT
-8.55%
Market Cap 10.98M
Revenue (ttm) 16.71M
Net Income (ttm) -141.91M
Shares Out 7.90M
EPS (ttm) -91.10
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 408,048
Open 1.530
Previous Close 1.520
Day's Range 1.390 - 1.540
52-Week Range 1.390 - 170.400
Beta 1.50
Analysts Buy
Price Target 80.00 (+5,655.4%)
Earnings Date May 15, 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 $32.20 million, a decrease of -20.49% compared to the previous year's $40.50 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 5,655.40% from the latest price.

Price Target
$80.0
(5,655.40% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

5 days 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...

6 days 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...

11 days 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...

12 days 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...

19 days 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...

4 weeks 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...

4 weeks 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...

4 weeks 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...

5 weeks 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) -...

5 weeks 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...

6 weeks 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...

7 weeks 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...

2 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...

3 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...

3 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...

4 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...

4 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" ...

4 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...

5 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...

5 months ago - Newsfile Corp

22nd Century Secures $3.2 Million to Date in Warrant Exchange Transaction

Newly Appointed CEO Leading Restructuring to Focus on Tobacco Industry Operations, Reduce Costs Newly Appointed CEO Leading Restructuring to Focus on Tobacco Industry Operations, Reduce Costs

5 months ago - GlobeNewsWire

22nd Century Appoints Larry Firestone as Chairman and CEO

Turnaround Veteran to Focus on Unlocking Shareholder Value in Tobacco Assets Turnaround Veteran to Focus on Unlocking Shareholder Value in Tobacco Assets

6 months ago - GlobeNewsWire

Top 5 Risk Off Stocks Which Could Rescue Your Portfolio This Month - Planet Green Holdings (AMEX:PLAG), Calavo Growers (NASDAQ:CVGW)

The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.

Other symbols: CVGWPLAGSPBUPXI
6 months ago - Benzinga

22nd Century Group Enters into Agreement to Sell Hemp/Cannabis Franchise

Sale Expected to Result in Immediate and Significant Reduction in Operating Costs and Cash Requirements Sale Expected to Result in Immediate and Significant Reduction in Operating Costs and Cash Requi...

6 months ago - GlobeNewsWire

Top 4 Risk Off Stocks You'll Regret Missing In Q4 - The Real Good Food (NASDAQ:RGF), Albertsons Companies (NYSE:ACI)

The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.

Other symbols: ACIRGFSTKH
6 months ago - Benzinga