22nd Century Group Inc Stock Research

Market Summary

USD1.11-0.04

Market Closed

-3.48%

XXII Stock Price

XXII RSI Chart

XXII Valuation

Market Cap

239.0M

Price/Earnings (Trailing)

-5.03

Price/Sales (Trailing)

4.7

EV/EBITDA

-4.87

Price/Free Cashflow

-5.97

XXII Price/Sales (Trailing)

XXII Profitability

EBT Margin

-98.40%

Return on Equity

-39.21%

Return on Assets

-33.4%

Free Cashflow Yield

-16.76%

XXII Fundamentals

XXII Revenue

Revenue (TTM)

50.9M

Revenue Y/Y

148.15%

Revenue Q/Q

33.89%

XXII Earnings

Earnings (TTM)

-47.5M

Earnings Y/Y

-38.79%

Earnings Q/Q

-13.95%

Price Action

52 Week Range

0.822.71

(Low)(High)

Last 7 days

-8.3%

Last 30 days

35.4%

Last 90 days

-16.5%

Trailing 12 Months

-44.2%

XXII Financial Health

Current Ratio

3.45

Debt/Equity

0.05

Debt/Cashflow

-6.17

XXII Investor Care

Shares Dilution (1Y)

32.31%

Diluted EPS (TTM)

-0.26

Peers (Alternatives to 22nd Century Group)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
KO	261.6B	42.3B	-4.85%	4.41%	26.36	6.18	12.01%	12.62%
PEP	234.1B	83.6B	-6.67%	1.51%	24.1	2.8	9.08%	19.32%
PM	160.8B	81.5B	2.79%	5.63%	18.4	1.97	0.67%	-2.76%
MO	79.1B	25.2B	-3.73%	-9.07%	16.84	3.13	-3.15%	69.30%
KDP	49.1B	13.6B	-2.99%	-6.25%	26.91	3.6	9.93%	5.49%
TAP	11.1B	12.9B	-0.16%	8.07%	22.46	0.87	6.84%	211.51%
MID-CAP
CELH	7.5B	579.9M	-4.33%	144.58%	-48.96	13.02	136.04%	-2322.29%
SAM	4.8B	2.1B	19.51%	-5.55%	179.71	2.28	-8.46%	-72.88%
SMALL-CAP
VGR	2.0B	1.4B	7.77%	15.96%	12.53	1.36	18.77%	-24.49%
UVV	1.3B	2.4B	-0.49%	0.38%	14.54	0.55	13.65%	-9.24%
TPB	400.8M	416.9M	13.84%	-30.94%	10.17	0.96	-6.41%	-28.32%
XXII	239.0M	50.9M	35.37%	-44.22%	-5.03	4.7	67.89%	-89.56%
FARM	93.9M	482.2M	7.27%	-19.24%	-4.56	0.19	17.92%	45.48%
NBEV	37.6M	-	-64.26%	-94.69%	-6.52	0.11	-	-
FIZZ	4.0M	1.2B	-9.33%	2.70%	0.03	0	5.35%	-18.95%

Financials for 22nd Century Group

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Revenue	29.5%	50,865,000	39,293,000	33,187,000	30,948,000	30,296,000
Operating Expenses	21.3%	45,707,000	37,681,000	33,401,000	30,481,000	27,602,000
S&GA Expenses	24.5%	39,380,000	31,641,000	28,355,000	25,881,000	23,006,000
R&D Expenses	36.3%	5,272,000	3,868,000	-	-	-
EBITDA	-14.0%	-49,806,000.00	-43,688,000.00	-35,764,000.00	-31,904,000.00	-
EBITDA Margin	11.9%	-0.98	-1.11	-1.08	-1.03	-
Earnings Before Taxes	-14.3%	-50,050,000.00	-43,807,000.00	-36,483,000.00	-32,595,000.00	-25,048,000.00
EBT Margin	11.7%	-0.98	-1.11	-1.10	-1.05	-
Interest Expenses	105.0%	244,000	119,000	56,000	58,000	62,000
Net Income	-8.4%	-47,483,000.00	-43,821,000.00	-36,497,000.00	-32,609,000.00	-25,049,000.00
Net Income Margin	16.3%	-0.93	-1.12	-1.10	-1.05	-
Free Cahsflow	-25.7%	-40,056,000.00	-31,860,000.00	-27,759,000.00	-23,584,000.00	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Assets	19.0%	142	119	66	76	86
Current Assets	44.1%	64	45	45	54	62
Cash Equivalents	-11.4%	2	3	2	1	2
Inventory	22.4%	12	10	4	3	3
Net PPE	26.6%	18	14	6	6	5
Goodwill	-23.6%	34	44	-	-	-
Liabilities	5.3%	21	20	9	10	7
Current Liabilities	3.0%	19	18	7	8	7
Long Term Debt	-8.1%	6	7	-	-	-
Shareholder's Equity	21.8%	121	99	58	66	79
Retained Earnings	-6.6%	-211.53	-198.43	-186.93	-178.01	-164.05
Additional Paid-In Capital	11.6%	333	298	245	244	243
Shares Outstanding	8.9%	215	198	165	163	163

* denotes actual numbers (not divided by Millions)

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Cashflow From Operations	-23.0%	-37.28	-30.32	-26.86	-22.84	-21.20
Share Based Compensation	24.8%	6	5	5	4	3
Cashflow From Investing	-81.5%	6	32	-10.42	-27.73	-29.49
Cashflow From Financing	4616.4%	32	-0.71	38	51	51

Risks for XXII

What is the probability of a big loss on XXII?

100%

Probability that 22nd Century Group stock will be more than 20% underwater in next one year

98.5%

Probability that 22nd Century Group stock will be more than 30% underwater in next one year.

95.8%

Probability that 22nd Century Group stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does XXII drawdown profile look like?

Y-axis is the maximum loss one would have experienced if 22nd Century Group was unfortunately bought at previous high price.

Drawdowns

Returns for XXII

Cumulative Returns on XXII

2.1%

10-Year Cumulative Returns

-1.7%

7-Year Cumulative Returns

-22.0%

5-Year Cumulative Returns

2.9%

3-Year Cumulative Returns

What are the long-term rolling returns for XXII?

FIve years rolling returns for 22nd Century Group.

Annualized Returns

Which funds bought or sold XXII recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-01-26	STRS OHIO	unchanged	-	-	13,000	-%
2023-01-26	NJ State Employees Deferred Compensation Plan	unchanged	-	-1,490	202,510	0.03%
2023-01-25	Cornerstone Wealth Group, LLC	unchanged	-	205	9,205	-%
2023-01-25	WNY Asset Management, LLC	unchanged	-	-469	13,531	-%
2023-01-24	Sigma Planning Corp	added	49.18	38,548	117,548	-%
2023-01-24	RFP Financial Group LLC	new	-	353	353	-%
2023-01-24	COURIER CAPITAL LLC	unchanged	-	-1,820	294,180	0.03%
2023-01-20	Genesee Capital Advisors, LLC	unchanged	-	13	23,013	0.02%
2023-01-20	DAVENPORT & Co LLC	unchanged	-	-100	13,900	-%
2023-01-19	Householder Group Estate & Retirement Specialist, LLC	unchanged	-	-	1,000	-%

Latest Funds Activity

Are funds buying XXII calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own XXII

No. of Funds

22nd Century Group News

Schedule 13G FIlings of 22nd Century Group

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
May 13, 2022	etf managers group, llc	4.57%	7,526,467	SC 13G/A
Feb 04, 2022	blackrock inc.	6.3%	10,191,168	SC 13G
Jan 13, 2022	empery asset management, lp	0.00%	0	SC 13G/A
Dec 22, 2021	etf managers group, llc	6.31%	10,272,934	SC 13G/A
Jun 10, 2021	empery asset management, lp	6.23%	10,126,894	SC 13G
Jun 01, 2021	etf managers group, llc	7.81%	11,912,094	SC 13G/A
May 28, 2021	etf managers group, llc	10.84%	16,524,973	SC 13G/A
Feb 18, 2021	etf managers group, llc	8.89%	12,342,984	SC 13G/A
Feb 12, 2021	etf managers group, llc	7.13%	9,900,576	SC 13G/A
Jan 08, 2021	etf managers group, llc	5.31%	7,374,237	SC 13G/A

XXII Fair Value

Recent SEC filings of 22nd Century Group

View All Filings

Date Filed	Form Type	Document
Jan 24, 2023	8-K	Current Report
Nov 21, 2022	8-K	Current Report
Nov 17, 2022	8-K	Current Report
Nov 17, 2022	3	Insider Trading
Nov 08, 2022	8-K	Current Report
Nov 08, 2022	10-Q	Quarterly Report

Latest Insider Trading transactions for XXII

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-09-21	SALHANY LUCILLE S	acquired	-	-	27,612	-
2022-08-31	ZERCHER MICHAEL	sold	-500,565	1.35	-370,789	president and coo
2022-06-14	FRANZINO JOHN	sold	-34,443.1	1.6947	-20,324	chief administrative officer
2022-05-16	SULLIVAN NORA B	acquired	139,000	1.39	100,000	-
2022-03-21	Koganov Michael	acquired	-	-	51,808	-
2022-03-21	Johnson Anthony L.	acquired	-	-	51,808	-
2022-03-21	MISH JAMES A	acquired	-	-	1,381,730	chief executive officer
2022-03-21	FLEET CLIFFORD B	acquired	-	-	51,808	-
2022-03-21	ZERCHER MICHAEL	acquired	-	-	210,742	president and coo
2022-03-21	SANDERS RICHARD M.	acquired	-	-	51,808	-

About 22nd Century Group

James A. Mish

www.xxiicentury.com

22nd 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.

XXII Income Statement

2022-09-30

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue:
Revenue, net	$ 19,383	$ 7,811	$ 42,905	$ 22,988
Cost of goods sold (exclusive of depreciation shown separately below):
Cost of goods sold	18,764	7,519	41,086	21,733
Gross profit	619	292	1,819	1,255
Operating expenses:
Sales, general and administrative	14,569	6,830	31,355	17,846
Research and development	1,318	1,031	4,355	2,789
Total operating expenses	15,887	7,861	35,710	20,635
Operating loss	(15,268)	(7,569)	(33,891)	(19,380)
Other income (expense):
Unrealized loss on investments	(345)	(1,900)	(2,046)	(2,040)
Gain on Panacea investment conversion				2,548
Realized loss on short-term investment securities	(35)		(143)
Interest income, net	113	52	211	272
Interest expense	(148)	(23)	(230)	(44)
Total other income (expense)	(415)	(1,871)	(2,208)	736
Loss before income taxes	(15,683)	(9,440)	(36,099)	(18,644)
Benefit for income taxes	(2,581)		(2,581)
Net loss	$ (13,102)	$ (9,440)	$ (33,518)	$ (18,644)
Net loss per common share - basic	$ (0.06)	$ (0.06)	$ (0.18)	$ (0.12)
Net loss per common share - diluted	$ (0.06)	$ (0.06)	$ (0.18)	$ (0.12)
Weighted average common shares outstanding - basic	210,131	162,721	185,269	153,998
Weighted average common shares outstanding - diluted	210,131	162,721	185,269	153,998
Other comprehensive loss:
Unrealized loss on short-term investment securities	$ (19)	$ (28)	$ (488)	$ (101)
Reclassification of losses to net loss	35		143
Other comprehensive income (loss)	16	(28)	(345)	(101)
Comprehensive loss	$ (13,086)	$ (9,468)	$ (33,863)	$ (18,745)

XXII Balance Sheet

2022-09-30

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 2,364	$ 1,336
Short-term investment securities	41,357	47,400
Accounts receivable, net	4,953	585
Inventory	12,264	2,881
Prepaid expenses and other current assets	3,463	2,183
Total current assets	64,401	54,385
Property, plant and equipment, net	18,279	5,841
Operating lease right-of-use assets, net	2,429	1,723
Goodwill	33,748
Intangible assets, net	18,336	7,919
Investments	981	2,345
Other assets	4,002	3,741
Total assets	142,176	75,954
Current liabilities:
Notes and loan payable	5,825	596
Operating and finance lease obligations	927	308
Accounts payable	5,787	2,173
Accrued expenses	2,468	1,489
Accrued payroll	1,043	2,255
Accrued excise taxes and fees	1,525	1,270
Deferred income	693	119
Other current liabilities	397	217
Total current liabilities	18,665	8,427
Long-term liabilities:
Notes payable	220
Operating and finance lease obligations	1,592	1,432
Other long-term liabilities	611	21
Total liabilities	21,088	9,880
Commitments and contingencies (Note 9)
Shareholders' equity
Preferred stock, $.00001 par value, 10,000,000 shares authorized
Common stock, par value	2	2
Capital in excess of par value	333,124	244,247
Accumulated other comprehensive loss	(507)	(162)
Accumulated deficit	(211,531)	(178,013)
Total shareholders' equity	121,088	66,074
Total liabilities and shareholders' equity	$ 142,176	$ 75,954