22nd Century Group, Inc.XXII

NasdaqConsumer EssentialsCigarettes
Price (close)
$1.51
Market cap
—
P/E
—
Revenue (TTM)
$14.5M
Net income
-$3.9M
Dividend yield
—
1-year total return
-99.7%
Net margin
-27.0%
Revenue growth
-27.4%
Debt / equity
0.04x

What 22nd Century Group, Inc. does.

22nd Century Group, Inc. is a tobacco products company that enables cigarette smokers to take control of their consumption of nicotine, the addictive drug in cigarettes. We manufacture and distribute the only combustible tobacco products containing minimally or non-addictive levels of nicotine that are authorized by the US Food and Drug Administration (FDA) for retail purchase. We also provide turnkey contract manufacturing of cigarettes and filtered cigars for other established tobacco brands.

We created our flagship product, the VLN ® cigarette, to give traditional cigarette smokers an authentic and familiar alternative that helps them decide their consumption of nicotine. VLN ® cigarettes have 95% less nicotine than the traditional cigarette and have been proven to greatly reduce nicotine consumption. Instead of offering new ways of delivering the nicotine drug to addicted smokers, we offer smokers the option to make their own informed and health conscious productive choices, including the choice to avoid addictive levels of nicotine altogether and help adult smokers smoke less.

Since the US Surgeon General first warned of the dangers of cigarette smoking in 1964, the debate over tobacco health harm has been largely dominated by two powerful voices: Big Tobacco and the US Government. After decades of litigation, lobbying and lawmaking, the major tobacco producers still decide the nicotine levels contained in the tobacco products consumed by smokers. In addition, despite prominent and omnipresent government warnings that “Nicotine is an Addictive Chemical,” sales of tobacco products containing addictive levels of nicotine continue unabated, including even delivery of smoke-free nicotine in pure form.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$28.1M$30.9M$40.5M$32.2M$24.4M$17.6M
Net income-$19.7M-$32.6M-$59.8M-$140.8M-$15.2M-$5.1M
Free cash flow-$15.7M-$23.6M-$55.4M-$59.6M-$14.5M-$7.8M

More on XXII.

Figures from 22nd Century Group, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.