22nd Century Group Inc (XXII): Financial Overview – Fourth Quarter and...

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22nd Century Group Inc (XXII)

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Re: Giovanni post# 54631

Wednesday, 03/29/2023 8:46:28 AM

Wednesday, March 29, 2023 8:46:28 AM

Financial Overview – Fourth Quarter and Full Year 2022 Results

? Net revenues for the fourth quarter of 2022 were $19,206, an increase of 141.3% from $7,960 in 2021.
o Revenue from tobacco-related products was $9,951, an increase of 25.7% from 2021, primarily driven by volume increases in contract manufacturing and initial VLN® sales as part of the early rollout in Illinois and Colorado.
?
Fourth quarter 2022 cartons sold of 1,354 compared to 1,144 in the
comparable prior year period.

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