{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-008198","form_type":"8-K","ticker":"XXII","cik":"0001347858","company_name":"22nd Century Group, Inc.","filed_at":"2024-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.045306+00:00","generated_at":"2026-06-01T22:46:16.929537+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"22nd Century Group Q1 2024 net loss $5.5M; improves from prior year; reduces debt by $8M in Q2","bullets":["Net revenue from continuing ops $6.5M; gross profit negative $1.1M including $0.4M inventory reserves and $0.2M excise tax.","Net loss from continuing ops $5.5M vs $10.8M prior year; Adjusted EBITDA loss $3.5M vs $9.0M prior year.","Cash used in ops fell to $2.3M from $17.5M prior year; cash $4.8M as of May 1 after $4.2M equity raise in April.","Reduced ~$8.0M of debt and liabilities post-quarter via equity exchanges; long-term debt $8.1M at quarter end.","New customer contracts commenced April 2024 with revenue ramping in Q2; CMO production unit volumes up 20%."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-008198","json":"https://secwatch.observer/filing/0001558370-24-008198.json","markdown":"https://secwatch.observer/filing/0001558370-24-008198.md","text":"https://secwatch.observer/filing/0001558370-24-008198.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1347858/000155837024008198/0001558370-24-008198-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1347858/000155837024008198/xxii-20240515x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T22:46:16.929537+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":"bb2814827035f3eaab450c00a05bade748e0fe38","claim":"22nd Century Group, Inc. reported the first quarter ended March 31, 2024 results: revenue $6.5 million.","evidence_excerpt":"to $2.3 million, as compared to the prior comparative period of $17.5 million, and fourth quarter 2023 of $4.8 million. ● Net revenue from continuing operations was $6.5 million, as the Company further refined its revenue mix away from negative margin filtered cigars in favor of higher margin VLN ® and conventional cigarettes. ● Gross profit for the","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1347858/000155837024008198/0001558370-24-008198-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$6.5 million"},{"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"}