Filing Flows › 22nd Century Group (XXII) › Q4 2024
22nd Century Group (XXII) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 20, 2025
22nd Century Group (XXII) reported revenue of $4.0M for the fourth quarter 2024 (Q4 2024), -45% from a year earlier and -32% from the quarter before. Operating margin was -101.8%, net loss $4.6M (113.3% of revenue).
22nd Century Group, Q4 2024: revenue $4.0M (-45% year over year), operating margin -101.8%, net loss $4.6M, operating cash flow −$4.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0M | -32% | -45% |
| Operating profit | −$4.1M | — | — |
| Net earnings | −$4.6M | — | — |
| Operating cash flow | −$4.4M | — | — |
What changed
Revenue was $4.0M in Q4 2024, down 45% year over year and down 32% from the previous quarter.
Operating costs exceeded revenue by $4.1M, an operating margin of -101.8%. Total costs fell 62% while revenue fell 45%. The quarter ended with a net loss of $4.6M, wider than the previous quarter's $3.8M loss.
Operating cash flow was −$4.4M. Non-cash charges added back $241K of depreciation and amortization and $147K of share-based compensation. Working capital and other items used $230K.
Questions
What was 22nd Century Group's revenue in the fourth quarter 2024?
22nd Century Group (XXII) reported revenue of $4.0M for the fourth quarter 2024 (Q4 2024), -45% from a year earlier and -32% from the quarter before.
Was 22nd Century Group profitable in the fourth quarter 2024?
Operating loss was $4.1M (-101.8% of revenue) and net loss $4.6M.
Source: 22nd Century Group 10-K on SEC EDGAR.