22nd Century Group, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.6M | $24.4M | $32.2M | $40.5M | $30.9M | $28.1M | $25.8M | $26.4M |
| Cost of Revenue | $10.2M | $14.3M | $24.9M | $38.7M | $29.5M | $26.7M | $25.8M | $25.5M |
| Gross Profit | $7.4M | $10.1M | $7.3M | $1.8M | $1.5M | $1.4M | $14.5K | $899.0K |
| Gross Margin | 42.1% | 41.4% | 22.7% | 4.6% | 4.8% | 5.1% | 0.1% | 3.4% |
| Operating Expenses | ||||||||
| Research & Development | $688.0K | $1.1M | $2.6M | $3.6M | $3.9M | — | $8.1M | $15.0M |
| SG&A Expense | $7.6M | $10.3M | $31.1M | $32.2M | $25.9M | $15.0M | $13.0M | $8.6M |
| Operating Income | $-11.6M | $-14.0M | $-44.9M | $-33.6M | $-28.4M | $-19.2M | $-23.6M | $-24.0M |
| Operating Margin | -65.8% | -57.2% | -139.5% | -83.0% | -91.8% | -68.2% | -91.2% | -90.9% |
| Interest Expense | — | — | $9.4M | $55.0K | $58.0K | $72.0K | $56.0K | $11.0K |
| Pretax Income | $-13.1M | $-15.5M | $-54.6M | $-36.5M | $-32.6M | $-19.7M | $-26.6M | $-8.0M |
| Income Tax Expense | $-28.0K | $30.0K | $47.0K | $21.0K | $14.0K | $38.0K | $0 | $0 |
| Net Income | $-5.1M | $-15.2M | $-140.8M | $-59.8M | $-32.6M | $-19.7M | $-26.6M | $-8.0M |
| Net Margin | -28.7% | -62.2% | -437.1% | -147.7% | -105.4% | -70.1% | -102.8% | -30.1% |
| EPS (Basic) | $-52.87 | $-45,711.05 | $-15,925.99 | $-4.65 | $-0.21 | $-0.14 | $-0.21 | $-0.06 |
| EPS (Diluted) | $-52.87 | $-45,711.05 | $-15,925.99 | $-4.65 | $-0.21 | $-0.14 | $-0.21 | $-0.06 |
| Shares Outstanding (Basic) | 184.1K | 146.4K | 20.7M | 12.9M | 156.2M | 138.8M | 125.9M | 124.3M |
| Shares Outstanding (Diluted) | 184.1K | 1.4M | 20.7M | 12.9M | 156.2M | 138.8M | 125.9M | 124.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |