22nd Century Group Full Year 2023 Earnings: Misses Expectations

22nd Century Group, Inc. -8.55%

22nd Century Group, Inc.

XXII

1.39

-8.55%

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.
earnings-and-revenue-history
NasdaqCM:XXII Earnings and Revenue History March 29th 2024

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.

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