22nd Century Group, Inc. Income Statement
XXII|13 years of annual SEC 10-K data (FY2011-FY2023)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 13 fiscal years. All figures from audited SEC 10-K filings.
22nd Century Group, Inc. reported $41M in revenue and $60M in net loss for FY2023. Revenue has grown at a 74.8% compound annual rate over the past 12 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score -3.15 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $40.5M | $30.9M | $25.8M | $26.4M | $16.6M | $12.3M | $2.2M | $3.0M | $7.3M | $7.3M | $18.8K | $1.0M | $49.8K |
| Cost of Revenue | - | - | - | - | $17.3M | $12.7M | $9.1M | $498.4K | $461.7K | $461.7K | $68.0K | $418.2K | $28.0K |
| Gross Profit | - | - | - | - | -$707.9K | -$429.7K | -$580.6K | $30.6K | $6.8M | $6.8M | -$49.2K | - | - |
| SG&A Expense | $32.2M | $25.9M | $13.0M | $8.6M | $8.3M | $6.2M | $7.8M | $8.8M | $4.1M | $4.1M | $2.2M | $1.8M | $590.8K |
| R&D Expense | $3.6M | $3.9M | - | - | $3.4M | $2.3M | $1.6M | $1.2M | $744.2K | $744.2K | $729.2K | $2.1M | $363.8K |
| Operating Income | -$33.6M | -$28.4M | -$23.6M | -$24.0M | -$13.3M | -$11.4M | -$12.0M | -$11.8M | $1.8M | $1.8M | -$3.2M | -$3.8M | -$1.1M |
| Interest Expense | $55.0K | $58.0K | $56.0K | $11.0K | $29.1K | $37.7K | $53.0K | $7.1K | $748.6K | - | $17.4K | - | - |
| Income Tax | $21.0K | $14.0K | $38.0K | $38.0K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | - | - |
| Net Income | -$59.8M | -$32.6M | -$26.6M | -$8.0M | -$13.0M | -$11.6M | -$11.0M | -$15.6M | -$26.2M | -$26.2M | -$6.7M | -$1.4M | -$1.4M |
| EPS (Basic) | -$4.65 | -$0.21 | -$0.21 | - | - | - | - | - | - | - | -$0.22 | -$0.05 | - |
| EPS (Diluted) | -$4.65 | -$0.21 | -$0.21 | -$0.06 | -$0.13 | $0.01 | -$0.16 | -$0.26 | -$0.60 | -$0.60 | -$0.22 | -$0.05 | -$0.11 |
| Shares Outstanding | 14.3M | 162.9M | 139.1M | 138.4M | 124.6M | 123.6M | 90.7M | 71.0M | 64.1M | 56.9M | 34.3M | 27.2M | 16.0M |
| Gross Margin | - | - | - | - | -4.3% | -3.5% | -26.0% | 1.0% | 93.7% | 93.7% | -262.0% | - | - |
| Operating Margin | -83.0% | -91.8% | -91.2% | -90.9% | -80.1% | -92.7% | -539.7% | -389.8% | 24.9% | 24.9% | -17279.1% | -371.1% | -2204.0% |
| Profit Margin | -147.7% | -105.4% | -102.8% | -30.1% | -78.5% | -94.3% | -494.4% | -516.6% | -359.3% | -359.3% | -35873.7% | -133.8% | -2859.6% |