22nd Century Q3 revenues $5.9M, net loss $3.6M; targets cash positive by Q1 2025

22nd Century Group, Inc.

2024-Q3 EPS reported -$2.20 revenue$20,361,000

Net revenues $5.9M, down 24.5% YoY; gross loss $(0.6)M vs $0.1M profit YoY.
Net loss from continuing ops $3.6M; EPS $(0.27) vs $(6.70) YoY.
Net debt improved to $3.0M from $7.0M sequentially; reaffirmed EBITDA breakeven goal in Q1 2025.
Filtered cigar net revenues fell to $1.7M from $4.1M YoY as company exited low-margin contract manufacturing.

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