22nd Century Group, Inc. (XXII) 10-Year Financial Performance & Capital Metrics

XXII • • Industrial / General

Consumer DefensiveTobaccoNext-Generation ProductsSpecialty Vapor Products

About22nd Century Group, Inc., an agricultural biotechnology company, focuses on tobacco harm reduction, reduced nicotine tobacco, and enhancing health and wellness through plant science for the life science and consumer products industries. It develops very low nicotine content tobacco and cigarette products under the VLN King and VLN Menthol King names; and SPECTRUM research cigarettes for use in independent clinical studies. The company has collaboration with Keygene N.V. to develop hemp/cannabis plants for exceptional cannabinoid profiles and other superior agronomic traits for medical, therapeutic, and agricultural uses, as well as other applications. 22nd Century Group, Inc. was founded in 1998 and is headquartered in Buffalo, New York.Show more

Revenue $12M -63.1%
EBITDA -$13M +68.3%
Net Income -$15M +89.2%
EPS (Diluted) -4047.77 +97.6%
Gross Margin -20.21% +25.2%
EBITDA Margin -106.85% +14.1%
Operating Margin -117.44% +15.8%
Net Margin -127.66% +70.8%
ROE -377.97% -17.6%
ROIC -148.23% -129.5%
Debt/Equity 2.15
Interest Coverage -6.66 -38.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.0x book value

✗Weaknesses

✗High debt to equity ratio of 2.1x
✗Negative free cash flow
✗Weak momentum: RS Rating 3 (bottom 3%)
✗Sales declining 14.4% over 5 years
✗Shares diluted 100.0% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y36.5%

5Y-14.39%

3Y-27.33%

TTM149.41%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM82.97%

EPS CAGR

10Y-

5Y-

3Y-

TTM86.22%

ROCE

10Y Avg-63.1%

5Y Avg-81.86%

3Y Avg-107.61%

Latest-196.76%

Peer Comparison

Specialty Vapor Products

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
XXII22nd Century Group, Inc.	6.62M	0.87	-0.00	-63.12%	-65.69%	-32.23%	2.15
KAVLKaival Brands Innovations Group, Inc.	313.02K	0.03	-0.02	-47.38%	-7.48%	-80.37%	0.08
ISPRIspire Technology Inc.	168.39M	2.94	-4.26	-16.07%	-31.14%	-223.84%	11.67

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	8.52M	12.28M	16.6M	26.43M	25.83M	28.11M	30.95M	40.5M	32.2M	11.88M
Revenue Growth %	15.11%	0.44%	0.35%	0.59%	-0.02%	0.09%	0.1%	0.31%	-0.2%	-0.63%
Cost of Goods Sold+	9.1M	12.71M	17.31M	25.53M	25.82M	26.67M	29.46M	38.65M	40.9M	14.28M
COGS % of Revenue	1.07%	1.03%	1.04%	0.97%	1%	0.95%	0.95%	0.95%	1.27%	1.2%
Gross Profit+	-580.56K	-429.7K	-707.91K	898.99K	15K	1.44M	1.49M	1.85M	-8.7M	-2.4M
Gross Margin %	-0.07%	-0.03%	-0.04%	0.03%	0%	0.05%	0.05%	0.05%	-0.27%	-0.2%
Gross Profit Growth %	-20%	0.26%	-0.65%	2.27%	-0.98%	94.87%	0.03%	0.24%	-5.71%	0.72%
Operating Expenses+	11.46M	10.96M	12.59M	24.92M	23.58M	20.62M	29.9M	35.48M	36.23M	11.55M
OpEx % of Revenue	1.35%	0.89%	0.76%	0.94%	0.91%	0.73%	0.97%	0.88%	1.13%	0.97%
Selling, General & Admin	9.12M	7.78M	8.28M	8.59M	12.95M	14.97M	25.91M	32.23M	31.83M	10.29M
SG&A % of Revenue	1.07%	0.63%	0.5%	0.32%	0.5%	0.53%	0.84%	0.8%	0.99%	0.87%
Research & Development	1.67M	2.34M	3.37M	14.99M	8.06M	4.13M	3.91M	3.58M	2.64M	1.13M
R&D % of Revenue	0.2%	0.19%	0.2%	0.57%	0.31%	0.15%	0.13%	0.09%	0.08%	0.1%
Other Operating Expenses	676.29K	842.18K	947K	1.34M	2.57M	1.52M	78K	-327K	1.76M	130K
Operating Income+	-12.04M	-11.39M	-13.3M	-24.02M	-23.57M	-19.18M	-28.41M	-33.63M	-44.93M	-13.95M
Operating Margin %	-1.41%	-0.93%	-0.8%	-0.91%	-0.91%	-0.68%	-0.92%	-0.83%	-1.4%	-1.17%
Operating Income Growth %	-0.03%	0.05%	-0.17%	-0.81%	0.02%	0.19%	-0.48%	-0.18%	-0.34%	0.69%
EBITDA+	-11.27M	-10.55M	-12.35M	-22.68M	-21.93M	-17.66M	-26.88M	-30.04M	-40.07M	-12.69M
EBITDA Margin %	-1.32%	-0.86%	-0.74%	-0.86%	-0.85%	-0.63%	-0.87%	-0.74%	-1.24%	-1.07%
EBITDA Growth %	-0%	0.06%	-0.17%	-0.84%	0.03%	0.19%	-0.52%	-0.12%	-0.33%	0.68%
D&A (Non-Cash Add-back)	774.31K	842.18K	947K	1.34M	1.64M	1.53M	1.54M	3.59M	4.86M	1.26M
EBIT	-10.98M	-11.54M	-13M	-7.96M	-26.5M	-19.6M	-32.54M	-36.48M	-45.27M	-13.37M
Net Interest Income+	-21.78K	-20.86K	85.99K	1.06M	1.01M	1.68M	263K	258K	-9.15M	-2.02M
Interest Income	31.2K	16.89K	115.1K	1.07M	1.07M	1.75M	321K	313K	219K	72K
Interest Expense	52.98K	37.74K	29.1K	10.94K	56K	72K	58K	55K	9.37M	2.09M
Other Income/Expense	1.01M	-193.58K	270.75K	16.05M	-2.99M	-490K	-4.18M	-2.9M	-9.71M	-1.51M
Pretax Income+	-11.03M	-11.58M	-13.03M	-7.97M	-26.56M	-19.67M	-32.59M	-36.53M	-54.64M	-15.46M
Pretax Margin %	-1.29%	-0.94%	-0.78%	-0.3%	-1.03%	-0.7%	-1.05%	-0.9%	-1.7%	-1.3%
Income Tax+	-42.7K	0	0	15M	0	38K	14K	21K	47K	30K
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	1%	1.64%	2.58%	0.98%
Net Income+	-11.03M	-11.58M	-13.03M	-7.97M	-26.56M	-19.71M	-32.61M	-59.8M	-140.78M	-15.16M
Net Margin %	-1.29%	-0.94%	-0.78%	-0.3%	-1.03%	-0.7%	-1.05%	-1.48%	-4.37%	-1.28%
Net Income Growth %	0.29%	-0.05%	-0.13%	0.39%	-2.33%	0.26%	-0.65%	-0.83%	-1.35%	0.89%
Net Income (Continuing)	-11.03M	-11.58M	-13.03M	-7.97M	-26.56M	-19.71M	-32.61M	-36.55M	-54.69M	-15.49M
Discontinued Operations	0	0	0	0	0	0	0	-23.25M	-86.09M	331K
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-38.40	-36.00	-31.20	-14.40	-50.40	-33.60	-149582.57	-207642.36	-172108.45	-4047.77
EPS Growth %	0.38%	0.06%	0.13%	0.54%	-2.5%	0.33%	-4450.86%	-0.39%	0.17%	0.98%
EPS (Basic)	-38.40	-36.00	-31.20	-14.40	-50.40	-33.60	-149582.57	-207642.36	-172108.45	-4001.31
Diluted Shares Outstanding	283.93K	332.68K	421.5K	517.91K	524.51K	578.39K	218	288	876	60.43K
Basic Shares Outstanding	283.93K	332.68K	421.5K	517.91K	524.51K	578.39K	218	288	876	6.36K
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	7.23M	16.8M	67.62M	61.2M	42.74M	28.34M	54.38M	44.6M	16.28M	11.52M
Cash & Short-Term Investments	3.76M	13.47M	62.64M	56.35M	38.96M	22.34M	48.74M	20.4M	2.06M	4.42M
Cash Only	3.76M	13.47M	3.66M	604.92K	485K	1.03M	1.34M	2.21M	2.06M	4.42M
Short-Term Investments	0	0	58.98M	55.75M	38.48M	21.31M	47.4M	18.19M	0	0
Accounts Receivable	51.23K	40.99K	957.07K	871.29K	867K	2.16M	585K	1.36M	1.67M	2.2M
Days Sales Outstanding	2.19	1.22	21.04	12.03	12.25	28.03	6.9	12.28	18.94	67.54
Inventory	2.71M	3.09M	3.28M	3.04M	2.27M	2.03M	2.88M	7.27M	4.35M	2.02M
Days Inventory Outstanding	108.52	88.82	69.22	43.52	32.04	27.83	35.69	68.65	38.78	51.51
Other Current Assets	0	0	746.8K	928.42K	0	0	0	15.57M	7.02M	2.89M
Total Non-Current Assets+	11.14M	10.84M	12.12M	16.1M	26.21M	23.35M	21.57M	70.05M	11.23M	10.15M
Property, Plant & Equipment	2.56M	2.43M	3.32M	3.26M	3.72M	2.73M	7.56M	4.63M	5.29M	4.41M
Fixed Asset Turnover	3.33x	5.04x	5.01x	8.10x	6.94x	10.30x	4.09x	8.74x	6.09x	2.69x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	7.36M	7.39M	7.44M	9.75M	8.49M	8.21M	7.92M	7.21M	5.92M	5.72M
Long-Term Investments	1.22M	1.02M	1.37M	3.09M	8.4M	6.54M	2.35M	682K	0	0
Other Non-Current Assets	3.78M	3.45M	2.2M	2.2M	5.59M	5.88M	3.74M	57.52M	15K	15K
Total Assets+	18.37M	27.64M	79.74M	77.3M	68.95M	51.69M	75.95M	114.65M	27.5M	21.67M
Asset Turnover	0.46x	0.44x	0.21x	0.34x	0.37x	0.54x	0.41x	0.35x	1.17x	0.55x
Asset Growth %	-0.16%	0.5%	1.88%	-0.03%	-0.11%	-0.25%	0.47%	0.51%	-0.76%	-0.21%
Total Current Liabilities+	3.24M	3.25M	4.31M	5.17M	5.78M	7.34M	8.43M	13.02M	25.03M	9.96M
Accounts Payable	1.28M	1.34M	2.08M	2.57M	2M	1.12M	2.17M	2.05M	4.45M	2.4M
Days Payables Outstanding	51.46	38.49	43.88	36.82	28.23	15.27	26.92	19.37	39.67	61.38
Short-Term Debt	308.58K	307.94K	0	689.15K	581K	539K	596K	689K	6.39M	1.75M
Deferred Revenue (Current)	0	0	28.35K	83.08K	5K	272K	119K	688K	726K	20K
Other Current Liabilities	0	0	216.49K	0	359K	4.83M	2.76M	4.49M	12.36M	1.38M
Current Ratio	2.23x	5.17x	15.68x	11.83x	7.39x	3.86x	6.45x	3.43x	0.65x	1.16x
Quick Ratio	1.40x	4.22x	14.92x	11.24x	7.00x	3.58x	6.11x	2.87x	0.48x	0.95x
Cash Conversion Cycle	59.25	51.55	46.39	18.74	16.05	40.6	15.67	61.57	18.06	57.67
Total Non-Current Liabilities+	3.41M	58.68K	2.11M	848.22K	1.12M	241K	1.45M	5.66M	10.88M	7.7M
Long-Term Debt	307.94K	0	0	848.22K	292K	0	0	3M	8.06M	5.17M
Capital Lease Obligations	0	0	0	0	382K	0	1.43M	711K	1.7M	1.44M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	3.1M	58.68K	0	0	446K	241K	21K	1.95M	1.12M	1.1M
Total Liabilities	6.64M	3.31M	4.31M	6.02M	6.9M	7.58M	9.88M	18.68M	35.91M	17.66M
Total Debt+	616.52K	307.94K	0	1.54M	1.48M	786K	2.34M	4.65M	16.38M	8.62M
Net Debt	-3.14M	-13.16M	-3.66M	932.44K	990K	-243K	1M	2.45M	14.32M	4.2M
Debt / Equity	0.05x	0.01x	-	0.02x	0.02x	0.02x	0.04x	0.05x	-	2.15x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-227.32x	-301.70x	-456.98x	-2195.69x	-420.82x	-266.43x	-489.86x	-611.55x	-4.80x	-6.66x
Total Equity+	11.73M	24.33M	75.43M	71.28M	62.05M	44.11M	66.07M	95.97M	-8.41M	4.01M
Equity Growth %	-0.23%	1.07%	2.1%	-0.05%	-0.13%	-0.29%	0.5%	0.45%	-1.09%	1.48%
Book Value per Share	41.31	73.15	178.94	137.63	118.30	76.26	303091.74	333246.53	-9600.46	66.39
Total Shareholders' Equity	11.73M	24.33M	75.43M	71.28M	62.05M	44.11M	66.07M	95.97M	-8.41M	4.01M
Common Stock	710	907	1.24K	1.25K	1K	1K	2K	0	0	0
Retained Earnings	-66.56M	-78.14M	-91.17M	-99.13M	-125.69M	-145.4M	-178.01M	-237.81M	-378.71M	-393.87M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-555.81K	-881.94K	-1.24M	21.36K	7K	74K	-162K	-111K	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-7.32M	-9.89M	-12.07M	-17.84M	-14.59M	-15.62M	-22.84M	-51.71M	-54.99M	-14.35M
Operating CF Margin %	-0.86%	-0.81%	-0.73%	-0.68%	-0.56%	-0.56%	-0.74%	-1.28%	-1.71%	-1.21%
Operating CF Growth %	-0.11%	-0.35%	-0.22%	-0.48%	0.18%	-0.07%	-0.46%	-1.26%	-0.06%	0.74%
Net Income	-11.03M	-11.58M	-13.03M	-7.97M	-26.56M	-19.71M	-32.61M	-59.8M	-140.78M	-15.16M
Depreciation & Amortization	774.31K	842.18K	947K	1.34M	1.64M	1.53M	1.54M	3.59M	4.86M	1.26M
Stock-Based Compensation	3.59M	911.38K	941.65K	3.19M	3.54M	1.65M	3.98M	5.49M	2.68M	380K
Deferred Taxes	36.26K	317.72K	-255.38K	-14.87M	0	2.87M	7.39M	-434K	434K	8K
Other Non-Cash Items	45.12K	37.74K	29.1K	10.94K	6.15M	-326K	-2.4M	11.01M	79.55M	-4M
Working Capital Changes	-731.12K	-415.18K	-701.64K	448.67K	639K	-1.63M	-733K	-11.57M	-1.74M	3.17M
Change in Receivables	-61.23K	10.24K	-906.07K	85.77K	4K	-1.29M	1.57M	-2.88M	-18K	-30K
Change in Inventory	-701.53K	-531.36K	-129.23K	333.59K	-207K	-289K	-1.16M	-8.79M	-5.92M	6.71M
Change in Payables	86.33K	-136.3K	473.8K	323.07K	-732K	-936K	11K	416K	4.75M	-1.17M
Cash from Investing+	-450.66K	-553.77K	-60.59M	15.15M	4.55M	16.47M	-27.73M	22.58M	16.82M	-139K
Capital Expenditures	-450.66K	-553.77K	-1.61M	-1.11M	-527K	-522K	-1.07M	-4.43M	-4.66M	0
CapEx % of Revenue	0.05%	0.05%	0.1%	0.04%	0.02%	0.02%	0.03%	0.11%	0.14%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-413.18K	-356.54K	-59.43M	-656.99K	-399K	-462K	-326K	409K	2.82M	-139K
Cash from Financing+	5.13M	20.15M	62.85M	-355.39K	9.92M	-304K	50.88M	30.82M	37.21M	16.85M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	-10.3M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	5.5M	196	12.45M	444.61K	10.62M	0	10.83M	-2.52M	5.56M	12.61M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-7.77M	-10.44M	-13.68M	-18.95M	-15.68M	-16.14M	-23.91M	-56.14M	-60.6M	-14.51M
FCF Margin %	-0.91%	-0.85%	-0.82%	-0.72%	-0.61%	-0.57%	-0.77%	-1.39%	-1.88%	-1.22%
FCF Growth %	0.13%	-0.34%	-0.31%	-0.39%	0.17%	-0.03%	-0.48%	-1.35%	-0.08%	0.76%
FCF per Share	-27.37	-31.39	-32.44	-36.59	-29.89	-27.91	-109678.90	-194940.97	-69182.65	-240.03
FCF Conversion (FCF/Net Income)	0.66x	0.85x	0.93x	2.24x	0.55x	0.79x	0.70x	0.86x	0.39x	0.95x
Interest Paid	0	0	0	0	3K	0	0	34K	1.31M	722K
Taxes Paid	0	0	0	0	0	0	0	14K	40K	22K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-81.88%	-64.23%	-26.12%	-10.86%	-39.84%	-37.13%	-59.19%	-73.81%	-321.53%	-377.97%
Return on Invested Capital (ROIC)	-97.64%	-86.45%	-24.05%	-25.02%	-26.14%	-26.92%	-38.41%	-30.49%	-64.6%	-148.23%
Gross Margin	-6.81%	-3.5%	-4.26%	3.4%	0.06%	5.12%	4.8%	4.56%	-27%	-20.21%
Net Margin	-129.45%	-94.31%	-78.49%	-30.15%	-102.81%	-70.12%	-105.37%	-147.65%	-437.14%	-127.66%
Debt / Equity	0.05x	0.01x	-	0.02x	0.02x	0.02x	0.04x	0.05x	-	2.15x
Interest Coverage	-227.32x	-301.70x	-456.98x	-2195.69x	-420.82x	-266.43x	-489.86x	-611.55x	-4.80x	-6.66x
FCF Conversion	0.66x	0.85x	0.93x	2.24x	0.55x	0.79x	0.70x	0.86x	0.39x	0.95x
Revenue Growth	1510.99%	44.1%	35.18%	59.19%	-2.25%	8.82%	10.09%	30.87%	-20.49%	-63.12%

Revenue by Segment

	2013	2014	2022	2024
Contract Manufacturing	-	-	-	24.4M
Contract Manufacturing Growth	-	-	-	-
Cigarettes	-	-	-	14.22M
Cigarettes Growth	-	-	-	-
Filtered Cigars	-	-	-	9.43M
Filtered Cigars Growth	-	-	-	-
Tobacco	-	-	40.5M	-
Tobacco Growth	-	-	-	-
SPECTRUM Order	5.5M	448K	-	-
SPECTRUM Order Growth	-	-91.85%	-	-

Frequently Asked Questions

Growth & Financials

22nd Century Group, Inc. (XXII) reported $10.4M in revenue for fiscal year 2024. This represents a 923% increase from $1.0M in 2011.

22nd Century Group, Inc. (XXII) saw revenue decline by 63.1% over the past year.

22nd Century Group, Inc. (XXII) reported a net loss of $6.8M for fiscal year 2024.

Dividend & Returns

Yes, 22nd Century Group, Inc. (XXII) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.

22nd Century Group, Inc. (XXII) has a return on equity (ROE) of -378.0%. Negative ROE indicates the company is unprofitable.

22nd Century Group, Inc. (XXII) had negative free cash flow of $15.0M in fiscal year 2024, likely due to heavy capital investments.

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22nd Century Group, Inc. (XXII) 10-Year Financial Performance & Capital Metrics

XXII • • Industrial / General

Consumer DefensiveTobaccoNext-Generation ProductsSpecialty Vapor Products

Revenue $12M -63.1%
EBITDA -$13M +68.3%
Net Income -$15M +89.2%
EPS (Diluted) -4047.77 +97.6%
Gross Margin -20.21% +25.2%
EBITDA Margin -106.85% +14.1%
Operating Margin -117.44% +15.8%
Net Margin -127.66% +70.8%
ROE -377.97% -17.6%
ROIC -148.23% -129.5%
Debt/Equity 2.15
Interest Coverage -6.66 -38.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.0x book value

✗Weaknesses

✗High debt to equity ratio of 2.1x
✗Negative free cash flow
✗Weak momentum: RS Rating 3 (bottom 3%)
✗Sales declining 14.4% over 5 years
✗Shares diluted 100.0% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y36.5%

5Y-14.39%

3Y-27.33%

TTM149.41%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM82.97%

EPS CAGR

10Y-

5Y-

3Y-

TTM86.22%

ROCE

10Y Avg-63.1%

5Y Avg-81.86%

3Y Avg-107.61%

Latest-196.76%

Peer Comparison

Specialty Vapor Products

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
XXII22nd Century Group, Inc.	6.62M	0.87	-0.00	-63.12%	-65.69%	-32.23%	2.15
KAVLKaival Brands Innovations Group, Inc.	313.02K	0.03	-0.02	-47.38%	-7.48%	-80.37%	0.08
ISPRIspire Technology Inc.	168.39M	2.94	-4.26	-16.07%	-31.14%	-223.84%	11.67

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	8.52M	12.28M	16.6M	26.43M	25.83M	28.11M	30.95M	40.5M	32.2M	11.88M
Revenue Growth %	15.11%	0.44%	0.35%	0.59%	-0.02%	0.09%	0.1%	0.31%	-0.2%	-0.63%
Cost of Goods Sold+	9.1M	12.71M	17.31M	25.53M	25.82M	26.67M	29.46M	38.65M	40.9M	14.28M
COGS % of Revenue	1.07%	1.03%	1.04%	0.97%	1%	0.95%	0.95%	0.95%	1.27%	1.2%
Gross Profit+	-580.56K	-429.7K	-707.91K	898.99K	15K	1.44M	1.49M	1.85M	-8.7M	-2.4M
Gross Margin %	-0.07%	-0.03%	-0.04%	0.03%	0%	0.05%	0.05%	0.05%	-0.27%	-0.2%
Gross Profit Growth %	-20%	0.26%	-0.65%	2.27%	-0.98%	94.87%	0.03%	0.24%	-5.71%	0.72%
Operating Expenses+	11.46M	10.96M	12.59M	24.92M	23.58M	20.62M	29.9M	35.48M	36.23M	11.55M
OpEx % of Revenue	1.35%	0.89%	0.76%	0.94%	0.91%	0.73%	0.97%	0.88%	1.13%	0.97%
Selling, General & Admin	9.12M	7.78M	8.28M	8.59M	12.95M	14.97M	25.91M	32.23M	31.83M	10.29M
SG&A % of Revenue	1.07%	0.63%	0.5%	0.32%	0.5%	0.53%	0.84%	0.8%	0.99%	0.87%
Research & Development	1.67M	2.34M	3.37M	14.99M	8.06M	4.13M	3.91M	3.58M	2.64M	1.13M
R&D % of Revenue	0.2%	0.19%	0.2%	0.57%	0.31%	0.15%	0.13%	0.09%	0.08%	0.1%
Other Operating Expenses	676.29K	842.18K	947K	1.34M	2.57M	1.52M	78K	-327K	1.76M	130K
Operating Income+	-12.04M	-11.39M	-13.3M	-24.02M	-23.57M	-19.18M	-28.41M	-33.63M	-44.93M	-13.95M
Operating Margin %	-1.41%	-0.93%	-0.8%	-0.91%	-0.91%	-0.68%	-0.92%	-0.83%	-1.4%	-1.17%
Operating Income Growth %	-0.03%	0.05%	-0.17%	-0.81%	0.02%	0.19%	-0.48%	-0.18%	-0.34%	0.69%
EBITDA+	-11.27M	-10.55M	-12.35M	-22.68M	-21.93M	-17.66M	-26.88M	-30.04M	-40.07M	-12.69M
EBITDA Margin %	-1.32%	-0.86%	-0.74%	-0.86%	-0.85%	-0.63%	-0.87%	-0.74%	-1.24%	-1.07%
EBITDA Growth %	-0%	0.06%	-0.17%	-0.84%	0.03%	0.19%	-0.52%	-0.12%	-0.33%	0.68%
D&A (Non-Cash Add-back)	774.31K	842.18K	947K	1.34M	1.64M	1.53M	1.54M	3.59M	4.86M	1.26M
EBIT	-10.98M	-11.54M	-13M	-7.96M	-26.5M	-19.6M	-32.54M	-36.48M	-45.27M	-13.37M
Net Interest Income+	-21.78K	-20.86K	85.99K	1.06M	1.01M	1.68M	263K	258K	-9.15M	-2.02M
Interest Income	31.2K	16.89K	115.1K	1.07M	1.07M	1.75M	321K	313K	219K	72K
Interest Expense	52.98K	37.74K	29.1K	10.94K	56K	72K	58K	55K	9.37M	2.09M
Other Income/Expense	1.01M	-193.58K	270.75K	16.05M	-2.99M	-490K	-4.18M	-2.9M	-9.71M	-1.51M
Pretax Income+	-11.03M	-11.58M	-13.03M	-7.97M	-26.56M	-19.67M	-32.59M	-36.53M	-54.64M	-15.46M
Pretax Margin %	-1.29%	-0.94%	-0.78%	-0.3%	-1.03%	-0.7%	-1.05%	-0.9%	-1.7%	-1.3%
Income Tax+	-42.7K	0	0	15M	0	38K	14K	21K	47K	30K
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	1%	1.64%	2.58%	0.98%
Net Income+	-11.03M	-11.58M	-13.03M	-7.97M	-26.56M	-19.71M	-32.61M	-59.8M	-140.78M	-15.16M
Net Margin %	-1.29%	-0.94%	-0.78%	-0.3%	-1.03%	-0.7%	-1.05%	-1.48%	-4.37%	-1.28%
Net Income Growth %	0.29%	-0.05%	-0.13%	0.39%	-2.33%	0.26%	-0.65%	-0.83%	-1.35%	0.89%
Net Income (Continuing)	-11.03M	-11.58M	-13.03M	-7.97M	-26.56M	-19.71M	-32.61M	-36.55M	-54.69M	-15.49M
Discontinued Operations	0	0	0	0	0	0	0	-23.25M	-86.09M	331K
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-38.40	-36.00	-31.20	-14.40	-50.40	-33.60	-149582.57	-207642.36	-172108.45	-4047.77
EPS Growth %	0.38%	0.06%	0.13%	0.54%	-2.5%	0.33%	-4450.86%	-0.39%	0.17%	0.98%
EPS (Basic)	-38.40	-36.00	-31.20	-14.40	-50.40	-33.60	-149582.57	-207642.36	-172108.45	-4001.31
Diluted Shares Outstanding	283.93K	332.68K	421.5K	517.91K	524.51K	578.39K	218	288	876	60.43K
Basic Shares Outstanding	283.93K	332.68K	421.5K	517.91K	524.51K	578.39K	218	288	876	6.36K
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	7.23M	16.8M	67.62M	61.2M	42.74M	28.34M	54.38M	44.6M	16.28M	11.52M
Cash & Short-Term Investments	3.76M	13.47M	62.64M	56.35M	38.96M	22.34M	48.74M	20.4M	2.06M	4.42M
Cash Only	3.76M	13.47M	3.66M	604.92K	485K	1.03M	1.34M	2.21M	2.06M	4.42M
Short-Term Investments	0	0	58.98M	55.75M	38.48M	21.31M	47.4M	18.19M	0	0
Accounts Receivable	51.23K	40.99K	957.07K	871.29K	867K	2.16M	585K	1.36M	1.67M	2.2M
Days Sales Outstanding	2.19	1.22	21.04	12.03	12.25	28.03	6.9	12.28	18.94	67.54
Inventory	2.71M	3.09M	3.28M	3.04M	2.27M	2.03M	2.88M	7.27M	4.35M	2.02M
Days Inventory Outstanding	108.52	88.82	69.22	43.52	32.04	27.83	35.69	68.65	38.78	51.51
Other Current Assets	0	0	746.8K	928.42K	0	0	0	15.57M	7.02M	2.89M
Total Non-Current Assets+	11.14M	10.84M	12.12M	16.1M	26.21M	23.35M	21.57M	70.05M	11.23M	10.15M
Property, Plant & Equipment	2.56M	2.43M	3.32M	3.26M	3.72M	2.73M	7.56M	4.63M	5.29M	4.41M
Fixed Asset Turnover	3.33x	5.04x	5.01x	8.10x	6.94x	10.30x	4.09x	8.74x	6.09x	2.69x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	7.36M	7.39M	7.44M	9.75M	8.49M	8.21M	7.92M	7.21M	5.92M	5.72M
Long-Term Investments	1.22M	1.02M	1.37M	3.09M	8.4M	6.54M	2.35M	682K	0	0
Other Non-Current Assets	3.78M	3.45M	2.2M	2.2M	5.59M	5.88M	3.74M	57.52M	15K	15K
Total Assets+	18.37M	27.64M	79.74M	77.3M	68.95M	51.69M	75.95M	114.65M	27.5M	21.67M
Asset Turnover	0.46x	0.44x	0.21x	0.34x	0.37x	0.54x	0.41x	0.35x	1.17x	0.55x
Asset Growth %	-0.16%	0.5%	1.88%	-0.03%	-0.11%	-0.25%	0.47%	0.51%	-0.76%	-0.21%
Total Current Liabilities+	3.24M	3.25M	4.31M	5.17M	5.78M	7.34M	8.43M	13.02M	25.03M	9.96M
Accounts Payable	1.28M	1.34M	2.08M	2.57M	2M	1.12M	2.17M	2.05M	4.45M	2.4M
Days Payables Outstanding	51.46	38.49	43.88	36.82	28.23	15.27	26.92	19.37	39.67	61.38
Short-Term Debt	308.58K	307.94K	0	689.15K	581K	539K	596K	689K	6.39M	1.75M
Deferred Revenue (Current)	0	0	28.35K	83.08K	5K	272K	119K	688K	726K	20K
Other Current Liabilities	0	0	216.49K	0	359K	4.83M	2.76M	4.49M	12.36M	1.38M
Current Ratio	2.23x	5.17x	15.68x	11.83x	7.39x	3.86x	6.45x	3.43x	0.65x	1.16x
Quick Ratio	1.40x	4.22x	14.92x	11.24x	7.00x	3.58x	6.11x	2.87x	0.48x	0.95x
Cash Conversion Cycle	59.25	51.55	46.39	18.74	16.05	40.6	15.67	61.57	18.06	57.67
Total Non-Current Liabilities+	3.41M	58.68K	2.11M	848.22K	1.12M	241K	1.45M	5.66M	10.88M	7.7M
Long-Term Debt	307.94K	0	0	848.22K	292K	0	0	3M	8.06M	5.17M
Capital Lease Obligations	0	0	0	0	382K	0	1.43M	711K	1.7M	1.44M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	3.1M	58.68K	0	0	446K	241K	21K	1.95M	1.12M	1.1M
Total Liabilities	6.64M	3.31M	4.31M	6.02M	6.9M	7.58M	9.88M	18.68M	35.91M	17.66M
Total Debt+	616.52K	307.94K	0	1.54M	1.48M	786K	2.34M	4.65M	16.38M	8.62M
Net Debt	-3.14M	-13.16M	-3.66M	932.44K	990K	-243K	1M	2.45M	14.32M	4.2M
Debt / Equity	0.05x	0.01x	-	0.02x	0.02x	0.02x	0.04x	0.05x	-	2.15x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-227.32x	-301.70x	-456.98x	-2195.69x	-420.82x	-266.43x	-489.86x	-611.55x	-4.80x	-6.66x
Total Equity+	11.73M	24.33M	75.43M	71.28M	62.05M	44.11M	66.07M	95.97M	-8.41M	4.01M
Equity Growth %	-0.23%	1.07%	2.1%	-0.05%	-0.13%	-0.29%	0.5%	0.45%	-1.09%	1.48%
Book Value per Share	41.31	73.15	178.94	137.63	118.30	76.26	303091.74	333246.53	-9600.46	66.39
Total Shareholders' Equity	11.73M	24.33M	75.43M	71.28M	62.05M	44.11M	66.07M	95.97M	-8.41M	4.01M
Common Stock	710	907	1.24K	1.25K	1K	1K	2K	0	0	0
Retained Earnings	-66.56M	-78.14M	-91.17M	-99.13M	-125.69M	-145.4M	-178.01M	-237.81M	-378.71M	-393.87M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-555.81K	-881.94K	-1.24M	21.36K	7K	74K	-162K	-111K	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-7.32M	-9.89M	-12.07M	-17.84M	-14.59M	-15.62M	-22.84M	-51.71M	-54.99M	-14.35M
Operating CF Margin %	-0.86%	-0.81%	-0.73%	-0.68%	-0.56%	-0.56%	-0.74%	-1.28%	-1.71%	-1.21%
Operating CF Growth %	-0.11%	-0.35%	-0.22%	-0.48%	0.18%	-0.07%	-0.46%	-1.26%	-0.06%	0.74%
Net Income	-11.03M	-11.58M	-13.03M	-7.97M	-26.56M	-19.71M	-32.61M	-59.8M	-140.78M	-15.16M
Depreciation & Amortization	774.31K	842.18K	947K	1.34M	1.64M	1.53M	1.54M	3.59M	4.86M	1.26M
Stock-Based Compensation	3.59M	911.38K	941.65K	3.19M	3.54M	1.65M	3.98M	5.49M	2.68M	380K
Deferred Taxes	36.26K	317.72K	-255.38K	-14.87M	0	2.87M	7.39M	-434K	434K	8K
Other Non-Cash Items	45.12K	37.74K	29.1K	10.94K	6.15M	-326K	-2.4M	11.01M	79.55M	-4M
Working Capital Changes	-731.12K	-415.18K	-701.64K	448.67K	639K	-1.63M	-733K	-11.57M	-1.74M	3.17M
Change in Receivables	-61.23K	10.24K	-906.07K	85.77K	4K	-1.29M	1.57M	-2.88M	-18K	-30K
Change in Inventory	-701.53K	-531.36K	-129.23K	333.59K	-207K	-289K	-1.16M	-8.79M	-5.92M	6.71M
Change in Payables	86.33K	-136.3K	473.8K	323.07K	-732K	-936K	11K	416K	4.75M	-1.17M
Cash from Investing+	-450.66K	-553.77K	-60.59M	15.15M	4.55M	16.47M	-27.73M	22.58M	16.82M	-139K
Capital Expenditures	-450.66K	-553.77K	-1.61M	-1.11M	-527K	-522K	-1.07M	-4.43M	-4.66M	0
CapEx % of Revenue	0.05%	0.05%	0.1%	0.04%	0.02%	0.02%	0.03%	0.11%	0.14%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-413.18K	-356.54K	-59.43M	-656.99K	-399K	-462K	-326K	409K	2.82M	-139K
Cash from Financing+	5.13M	20.15M	62.85M	-355.39K	9.92M	-304K	50.88M	30.82M	37.21M	16.85M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	-10.3M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	5.5M	196	12.45M	444.61K	10.62M	0	10.83M	-2.52M	5.56M	12.61M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-7.77M	-10.44M	-13.68M	-18.95M	-15.68M	-16.14M	-23.91M	-56.14M	-60.6M	-14.51M
FCF Margin %	-0.91%	-0.85%	-0.82%	-0.72%	-0.61%	-0.57%	-0.77%	-1.39%	-1.88%	-1.22%
FCF Growth %	0.13%	-0.34%	-0.31%	-0.39%	0.17%	-0.03%	-0.48%	-1.35%	-0.08%	0.76%
FCF per Share	-27.37	-31.39	-32.44	-36.59	-29.89	-27.91	-109678.90	-194940.97	-69182.65	-240.03
FCF Conversion (FCF/Net Income)	0.66x	0.85x	0.93x	2.24x	0.55x	0.79x	0.70x	0.86x	0.39x	0.95x
Interest Paid	0	0	0	0	3K	0	0	34K	1.31M	722K
Taxes Paid	0	0	0	0	0	0	0	14K	40K	22K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-81.88%	-64.23%	-26.12%	-10.86%	-39.84%	-37.13%	-59.19%	-73.81%	-321.53%	-377.97%
Return on Invested Capital (ROIC)	-97.64%	-86.45%	-24.05%	-25.02%	-26.14%	-26.92%	-38.41%	-30.49%	-64.6%	-148.23%
Gross Margin	-6.81%	-3.5%	-4.26%	3.4%	0.06%	5.12%	4.8%	4.56%	-27%	-20.21%
Net Margin	-129.45%	-94.31%	-78.49%	-30.15%	-102.81%	-70.12%	-105.37%	-147.65%	-437.14%	-127.66%
Debt / Equity	0.05x	0.01x	-	0.02x	0.02x	0.02x	0.04x	0.05x	-	2.15x
Interest Coverage	-227.32x	-301.70x	-456.98x	-2195.69x	-420.82x	-266.43x	-489.86x	-611.55x	-4.80x	-6.66x
FCF Conversion	0.66x	0.85x	0.93x	2.24x	0.55x	0.79x	0.70x	0.86x	0.39x	0.95x
Revenue Growth	1510.99%	44.1%	35.18%	59.19%	-2.25%	8.82%	10.09%	30.87%	-20.49%	-63.12%

Revenue by Segment

	2013	2014	2022	2024
Contract Manufacturing	-	-	-	24.4M
Contract Manufacturing Growth	-	-	-	-
Cigarettes	-	-	-	14.22M
Cigarettes Growth	-	-	-	-
Filtered Cigars	-	-	-	9.43M
Filtered Cigars Growth	-	-	-	-
Tobacco	-	-	40.5M	-
Tobacco Growth	-	-	-	-
SPECTRUM Order	5.5M	448K	-	-
SPECTRUM Order Growth	-	-91.85%	-	-

Frequently Asked Questions

Growth & Financials

22nd Century Group, Inc. (XXII) reported $10.4M in revenue for fiscal year 2024. This represents a 923% increase from $1.0M in 2011.

22nd Century Group, Inc. (XXII) saw revenue decline by 63.1% over the past year.

22nd Century Group, Inc. (XXII) reported a net loss of $6.8M for fiscal year 2024.

Dividend & Returns

Yes, 22nd Century Group, Inc. (XXII) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.

22nd Century Group, Inc. (XXII) has a return on equity (ROE) of -378.0%. Negative ROE indicates the company is unprofitable.

22nd Century Group, Inc. (XXII) had negative free cash flow of $15.0M in fiscal year 2024, likely due to heavy capital investments.