secwatch.observer — SEC 8-K summary
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Issuer:     22nd Century Group, Inc. (XXII)
CIK:        0001347858
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001558370-24-015123
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1347858/000155837024015123/0001558370-24-015123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1347858/000155837024015123/xxii-20241112x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-015123

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer