22nd Century Group ( (XXII) ) has released its Q1 earnings. Here is a breakdown of the information 22nd Century Group presented to its investors.
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22nd Century Group, Inc., a prominent player in the tobacco industry, focuses on nicotine harm reduction through its innovative products, including the VLN® cigarette, which contains 95% less nicotine than traditional cigarettes.
The company reported a significant sequential sales increase of approximately 50% for the first quarter of 2025, driven by its growth strategy and new sales activities across multiple categories. This growth is supported by the launch of new products and partnerships, including the Smoker Friendly Black Label cigarettes.
Key financial highlights include a net revenue increase to $6.0 million, a reduction in operating expenses to $2.0 million, and a decrease in net loss to $3.3 million. The company also improved its adjusted EBITDA loss to $2.3 million and ended the quarter with net debt of $3.4 million. Strategic initiatives included the launch of VLN® Red and regulatory filings for new product authorizations across all 50 states.
22nd Century Group’s management remains optimistic about the future, focusing on expanding its VLN® product line and securing new partnerships to drive further growth in 2025.