22nd Century Group, Inc. (XXII)

22nd Century Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	21.36	24.38	32.2	27.88	30.95	28.11
Revenue Growth (YoY)	-6.10%	-24.29%	15.50%	-9.91%	10.09%	8.82%
Cost of Revenue	24.45	26.78	40.9	26.04	29.46	26.67
Gross Profit	-3.09	-2.4	-8.7	1.85	1.49	1.44
Selling, General & Admin	8.94	10.29	31.06	32.23	25.91	14.97
Research & Development	0.85	1.13	2.64	3.58	3.91	4.13
Other Operating Expenses	0.02	-	-	-	-	-
Operating Expenses	9.81	11.42	33.71	35.81	29.82	20.45
Operating Income	-12.89	-13.82	-42.4	-33.96	-28.33	-19.01
Interest Expense	-1.49	-2.09	-9.37	-0.06	-0.06	-0.07
Interest & Investment Income	0.08	0.07	0.22	0.31	0.32	1.75
Other Non Operating Income (Expenses)	-0.01	0.51	-0.56	-0.37	-	-
EBT Excluding Unusual Items	-14.3	-15.34	-52.11	-34.07	-28.07	-17.33
Merger & Restructuring Charges	-	-	-2.64	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-2.79	-4.45	-2.17
Gain (Loss) on Sale of Assets	-0.06	-0.06	0.11	0.36	-	0
Asset Writedown	-0.07	-0.07	-	-0.04	-0.08	-0.18
Pretax Income	-14.43	-15.47	-54.64	-36.53	-32.6	-19.67
Income Tax Expense	-0.03	0.03	0.05	0.02	0.01	0.04
Earnings From Continuing Operations	-14.4	-15.5	-54.69	-36.55	-32.61	-19.71
Earnings From Discontinued Operations	-1.65	0.33	-86.09	-23.25	-	-
Net Income	-16.05	-15.16	-140.78	-59.8	-32.61	-19.71
Preferred Dividends & Other Adjustments	6.27	10.3	9.99	-	-	-
Net Income to Common	-22.32	-25.47	-150.77	-59.8	-32.61	-19.71
Free Cash Flow	-13.94	-14.49	-59.64	-55.37	-23.58	-15.68
Gross Margin	-14.44%	-9.84%	-27.00%	6.62%	4.80%	5.12%
Operating Margin	-60.35%	-56.68%	-131.67%	-121.81%	-91.55%	-67.61%
Profit Margin	-104.47%	-104.45%	-468.16%	-214.48%	-105.37%	-70.12%
Free Cash Flow Margin	-65.25%	-59.41%	-185.20%	-198.59%	-76.20%	-55.76%
EBITDA	-11.94	-12.82	-40.9	-32.67	-27.09	-17.66
EBITDA Margin	-55.91%	-52.57%	-126.99%	-117.17%	-87.52%	-62.83%
D&A For EBITDA	0.95	1	1.51	1.29	1.25	1.35
EBIT	-12.89	-13.82	-42.4	-33.96	-28.33	-19.01
EBIT Margin	-60.35%	-56.68%	-131.67%	-121.81%	-91.55%	-67.61%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q