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Stock impact report

22nd Century Group Inc (XXII) Q3 2024 Earnings Call Highlights: Navigating Challenges and ... [Yahoo! Finance]

22nd Century Group, Inc (XXII) 
NASDAQ:AMEX Investor Relations: xxiicentury.com
Company Research Source: Yahoo! Finance
Operating Expenses: $2.8 million in Q3 2024, down from $8.3 million in the prior year comparable period. Cash on Balance Sheet: $5.3 million at the end of Q3 2024. Net Debt: Reduced from $13.3 million at the beginning of the year to $3 million at the end of Q3 2024. Shareholders' Equity Improvement: Almost $12 million increase year-to-date. Additional Funding: Raised $5 million in gross proceeds in October 2024. Warning! GuruFocus has detected 6 Warning Signs with XXII. Release Date: November 12, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript 22nd Century Group Inc ( NASDAQ:XXII ) has significantly improved its business operations over the past year, with a motivated and excited team. The company has a clear and intuitive business model with two main segments: contract manufacturing (CMO) and branded products, including VLN low nicotine cigarettes. The CMO business is currently the primary revenue driver, p Show less Read more
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