22nd Century Group Full Year 2023 Earnings: Misses Expectations
22nd Century Group, Inc. XXII | 0.33 | +0.03% |
22nd Century Group (NASDAQ:XXII) Full Year 2023 Results
Key Financial Results
- Revenue: US$32.2m (down 48% from FY 2022).
- Net loss: US$64.7m (loss widened by 8.2% from FY 2022).
- US$3.12 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
22nd Century Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 61%. Earnings per share (EPS) also missed analyst estimates by 1.3%.
Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Global Tobacco industry.
Performance of the market in the US.
The company's shares are down 7.0% from a week ago.
Risk Analysis
We should say that we've discovered 6 warning signs for 22nd Century Group (4 are a bit concerning!) that you should be aware of before investing here.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
