---
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"
generated_at: "2026-06-01T22:46:16.929537+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# 22nd Century Group Q1 2024 net loss $5.5M; improves from prior year; reduces debt by $8M in Q2

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-008198
- JSON: https://secwatch.observer/filing/0001558370-24-008198.json
- Plain text: https://secwatch.observer/filing/0001558370-24-008198.txt

## Key facts
- Earnings Releases
  22nd Century Group, Inc. reported the first quarter ended March 31, 2024 results: revenue $6.5 million.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $6.5 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1347858/000155837024008198/0001558370-24-008198-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.