{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-004148","form_type":"8-K","ticker":"XXII","cik":"0001347858","company_name":"22nd Century Group, Inc.","filed_at":"2024-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.888623+00:00","generated_at":"2026-06-04T05:54:10.387453+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"22nd Century Group (XXII) Q4 2023 net revenue $7.4M, net loss $22.1M; announces 1-for-16 reverse stock split","bullets":["Q4 net revenue $7.4M, down 26% YoY from $10.0M; gross profit negative $(7.8)M due to $7.9M inventory write-down.","Net loss from continuing ops $22.1M ($0.66/share) vs $11.1M ($0.77/share) in Q4 2022; adjusted EBITDA loss $3.2M vs $10.0M.","Cash $2.1M at year end; secured $2.3M from warrant exchange and asset sales; long-term debt $8.1M.","Reverse stock split 1-for-16 effective April 2, 2024 to regain Nasdaq $1.00 minimum bid compliance.","Targeting break-even by Q1 2025 after exiting hemp/cannabis; VLN available in 5,100+ stores across 26 states."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-004148","json":"https://secwatch.observer/filing/0001558370-24-004148.json","markdown":"https://secwatch.observer/filing/0001558370-24-004148.md","text":"https://secwatch.observer/filing/0001558370-24-004148.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1347858/000155837024004148/0001558370-24-004148-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1347858/000155837024004148/xxii-20240328x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T05:54:10.387453+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"22d71028124c11cf0dcb41ae2766f00bb739ce16","claim":"22nd Century Group, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $7.4 million, net income $22.1 million or $0.66 per share, EPS $0.66 per share.","evidence_excerpt":"on recent business highlights. ​ Fourth quarter results and recent business activities included: ● Net revenue from continuing operations in the fourth quarter of 2023 was $7.4 million, ● Exited hemp/cannabis operations to fully focus on tobacco harm reduction and contract manufacturing activities, ● Substantially reduced operating costs through efficiency","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1347858/000155837024004148/0001558370-24-004148-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$7.4 million"},{"label":"Net income","value":"$22.1 million or $0.66 per share"},{"label":"EPS","value":"$0.66 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}