Company / R&D Expense
22nd Century Group, Inc. R&D Expense History
FY2014-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$3.6M
FY2023
5-year range
$3.4M / $3.9M
FY2019-FY2023
Trend
-8.5%
vs FY2022
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Improved from $3M to $4M over the past 4 years.
Based on SEC 10-K filings.
$4M in FY2023 with a 5-year CAGR of +8.9%.
Improved from $3M to $4M over the past 4 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- +8.9%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of +8.9%, indicating consistent growth.
- In FY2023, r&d expense decreased 8.5% year-over-year.
- Peak r&d expense was recorded in FY2022.
- Lowest r&d expense in the period was in FY2015.
Company context
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.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2023 | $3.6M | -8.5% |
| FY2022 | $3.9M | - |
| FY2021 | - | - |
| FY2020 | - | - |
| FY2019 | $3.4M | +43.8% |
| FY2018 | $2.3M | +49.0% |
| FY2017 | $1.6M | +29.2% |
| FY2016 | $1.2M | +63.5% |
| FY2015 | $744.2K | +0.0% |
| FY2014 | $744.2K | +2.1% |
As of FY2023 · SEC 10-K · Updated Jun 28, 2026