earnings
confidence high
sentiment negative
materiality 0.75
22nd Century reports Q4 net loss of $4.2M; launches VLN partner brands for Q2 2025
22nd Century Group, Inc.
- Net revenue $4.0M in Q4 2024, down 32% from $5.9M in Q3 2024; FY 2024 revenue $24.4M vs $32.2M in FY 2023.
- Q4 2024 gross loss $1.3M, operating loss $4.1M, net loss $4.2M; adjusted EBITDA loss $3.9M.
- VLN cigarette net revenues negative due to rebates; new branding and first partner brand Smoker Friendly ready for shipment in Q2 2025.
- Signed 5-year expanded license & manufacturing agreement with Smoker Friendly covering 19 products (11 existing + 8 new).
- FDA proposed nicotine standard cites VLN as only combustible cigarette meeting max nicotine level of 0.7 mg/g.