22nd Century Group Inc (XXII)

[CastorTroy]

Animal farm now in full dead money panic as hype and cash commitment smolders.

Q4 2022 Financial Highlights

Gross loss was $646,000, an unfavorable decrease of 379.7% compared to gross profit of $231,000 in the prior year period.

Net loss was $26.3 million, compared to prior year $14.0 million, representing a net loss per share of $0.12.

Adjusted EBITDA was a loss of $13.9 million, compared to prior year $7.5 million.

As of December 31, 2022, the company had $21.2 million in cash, cash equivalents, and short-term investment securities.

More dilution coming. So glad I held off and didn’t buy the hype.