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22nd Century Group Income Statement 2025-2009 | XXII
Brief overview of financial results at 22nd Century Group
The comparison covers a five-year financial horizon. Revenue reported by 22nd Century Group was $28.1 million at the beginning of the period and $17.6 million at the end. Overall revenue changed by −37.4%, equal to an annualized rate of about −9%. The negative rate indicates weakening core operations.
The five-year change in gross profit reached +414.7%: from $1.4 million to $7.4 million. Cost of revenue developed more favorably than sales, supporting gross profitability. The gross margin was 5.1% at the start and 42.1% at the end. Improving gross profitability strengthens the quality of revenue growth.
EBITDA changed from −17.7 million dollars to −11.1 million dollars (+37.2%). Additional revenue translated efficiently into EBITDA. Comparing the endpoints gives EBITDA margins of −62.8% and −63%. EBITDA as a share of revenue remained steady.
The final result was −19.7 million dollars initially and −5.1 million dollars in the final year. The loss narrowed, although sustainable profitability has not yet returned.
The market value of the business moved from 347 million dollars to 541 thousand dollars, or −99.8%. The market is not yet fully reflecting the fundamental progress.
Conclusion
The current trajectory does not yet confirm a sustainable recovery. The constructive conclusion rests on consistent operating efficiency, improving gross profitability and net-income growth. The overall view is constrained by a weaker market valuation, a low EBITDA margin and weak sales momentum. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement 22nd Century Group
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
541 K | 1.64 K | 1.14 K | 11.4 M | 483 M | 347 M | 124 M | 290 M | 355 M | 73.5 M | 85.2 M | 70.2 M | 115 M | 26.2 M | 14.5 M | - | - |
Shares |
184 K | 557 | 9.47 K | 12.9 M | 156 M | 139 M | 126 M | 124 M | 101 M | 79.8 M | 68.1 M | 60 M | 43.6 M | 30.4 M | 26.4 M | 12.4 M | - |
Historical Prices |
2.94 | 2.94 | 0.12 | 0.89 | 3.09 | 2.2 | 1.1 | 2.49 | 2.8 | 1.09 | 1.4 | 1.65 | 2.14 | 0.75 | 0.42 | ||
Net Income |
-5.05 M | -15.2 M | -141 M | -59.8 M | -5.03 M | -19.7 M | -26.6 M | -7.97 M | -13 M | -11.6 M | -11 M | -15.6 M | -26.2 M | -6.74 M | -1.35 M | -1.42 M | - |
Revenue |
17.6 M | 24.4 M | 7.36 M | 9.95 M | 6.81 M | 28.1 M | 25.8 M | 26.4 M | 16.6 M | 12.3 M | 8.52 M | 529 K | 7.28 M | 18.8 K | 1.01 M | 49.8 K | - |
Cost of Revenue |
10.2 M | 14.3 M | 24.9 M | 38.7 M | 29.5 M | 26.7 M | 25.8 M | 25.5 M | 17.3 M | 12.7 M | 9.1 M | 498 K | 462 K | 68 K | - | - | - |
Gross Profit |
- | - | - | - | - | 1.44 M | 14.5 K | 899 K | -708 K | -430 K | -581 K | 30.6 K | 6.82 M | -49.2 K | 594 K | - | - |
Operating Income |
-11.6 M | -14 M | -44.9 M | -33.6 M | -28.4 M | -19.2 M | -23.6 M | -24 M | -13.3 M | -11.4 M | -12 M | -11.8 M | 1.81 M | -3.24 M | -3.76 M | -1.1 M | - |
Interest Expense |
-207 K | 507 K | 9.37 M | 55 K | 58 K | 72 K | 56 K | 11 K | 29.1 K | 37.7 K | 53 K | 7.09 K | 749 K | - | - | - | - |
EBITDA |
-11.1 M | -13.4 M | -44.1 M | -30.8 M | -27.2 M | -17.7 M | -21 M | -22.7 M | -12.4 M | -10.5 M | -11.4 M | -11.3 M | 1.96 M | -3.05 M | -3.58 M | -933 K | - |
Operating Expenses |
8.43 M | 11.6 M | 36.2 M | 35.5 M | 29.9 M | 20.4 M | 22.4 M | 24.9 M | 12.6 M | 11 M | 11.5 M | 11.8 M | 5 M | 3.19 M | 4.35 M | - | - |
General and Administrative Expenses |
7.59 M | 10.3 M | 31.1 M | 32.2 M | 25.9 M | 15 M | - | 7.66 M | 7.12 M | 6.19 M | 7.76 M | 8.79 M | 4.11 M | 2.21 M | 1.79 M | 591 K | - |
All numbers in USD currency
Quarterly Income Statement 22nd Century Group
| 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
595 K | 3.54 M | 250 K | 1.73 M | 31.7 K | 4.22 K | 2.62 K | 23.6 K | 2.72 M | 1.21 M | 878 K | 846 K | 14.3 M | 14 M | 12.1 M | 163 M | 163 M | 163 M | 155 M | 144 M | 139 M | 139 M | 139 M | 139 M | 138 M | 125 M | 125 M | 125 M | 125 M | 124 M | 124 M | 124 M | 124 M | 101 M | 91.6 M | 90.7 M | 90.7 M | 80.4 M | 76 M | 74 M | 71 M | 70.8 M | 66.6 M | 64.2 M | 64.1 M | 60.1 M | 58.7 M | 57.6 M | 56.9 M | 47.4 M | 39.8 M | 36.3 M | 34.3 M | 31 M | 29.3 M | 28 M | 27.2 M | 27.2 M | 27.2 M | 23.9 M |
Net Income |
-3.26 M | 5.49 M | -3.41 M | -4.33 M | - | -3.76 M | -1.11 M | -5.74 M | - | -72.7 M | -20.5 M | -18.2 M | - | -13.1 M | -11.5 M | -8.92 M | - | -9.44 M | -4.17 M | -5.03 M | -6.4 M | -4.22 M | -5.06 M | -4.03 M | -6.2 M | -10.2 M | -8.04 M | -2.07 M | -8.92 M | 6.3 M | -6.74 M | 1.39 M | -3.74 M | -3.32 M | -3.36 M | -2.62 M | -2.75 M | -2.68 M | -2.9 M | -3.25 M | -2.86 M | -2.76 M | -1.29 M | -4.12 M | -5.59 M | -2.72 M | -1.97 M | -5.32 M | - | -15.4 M | -446 K | -2.51 M | - | -449 K | 142 K | -2.12 M | - | -465 K | -1.1 M | -649 K |
Revenue |
4.1 M | 4.01 M | 4.08 M | 5.96 M | - | 5.95 M | 7.95 M | 6.47 M | - | 7.87 M | 8.05 M | 8.93 M | - | 19.4 M | 14.5 M | 9.04 M | - | 7.81 M | 8.37 M | 6.81 M | 7.31 M | 7.31 M | 6.44 M | 7.06 M | 7.26 M | 6.46 M | 5.81 M | 6.29 M | 7.13 M | 6.26 M | 6.91 M | 6.12 M | 5.94 M | 4.53 M | 3.9 M | 2.23 M | 3.34 M | 3.1 M | 2.83 M | 3.02 M | 2.93 M | 2.67 M | 2.31 M | 616 K | 911 | 64.4 K | 16.1 K | 448 K | - | 52.5 K | - | - | - | 15.7 K | - | - | - | 529 K | 155 K | 117 K |
Cost of Revenue |
1.92 M | 2.56 M | 2.86 M | 2.88 M | - | 3.1 M | 3.87 M | 4.21 M | - | 3.92 M | 4.68 M | 4.72 M | - | 18.8 M | 13.6 M | 8.74 M | - | 7.52 M | 7.92 M | 6.16 M | - | 6.95 M | 6.23 M | 6.77 M | - | 6.48 M | 5.9 M | 6.4 M | - | 6.11 M | 6.75 M | 6.04 M | - | 4.87 M | 4.06 M | - | - | - | - | - | - | 2.95 M | - | - | - | 306 K | - | - | - | 20.6 K | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 287 K | 225 K | -21.1 K | -86.3 K | -103 K | 515 K | 151 K | 162 K | 71.6 K | 71.4 K | -340 K | -165 K | -274 K | -228 K | -185 K | -141 K | 124 K | 10.8 K | -281 K | -293 K | -16.4 K | -806 | -241 K | 2.94 K | 270 K | - | 32 K | - | - | - | - | - | - | - | - | - | - |
Operating Income |
-3.04 M | -3.21 M | -2.98 M | -2.57 M | - | -3.38 M | -2.05 M | -4.43 M | - | -8.25 M | -12 M | -10.4 M | - | -15.3 M | -10.5 M | -8.15 M | - | -7.57 M | -6.64 M | -5.17 M | -6.25 M | -4.04 M | -4.75 M | -4.14 M | -5.55 M | -7.61 M | -5.03 M | -5.38 M | -5.8 M | -6.21 M | -7.04 M | -4.97 M | -3.77 M | -3.27 M | -3.28 M | -2.97 M | -2.73 M | -2.6 M | -2.83 M | -3.23 M | -2.83 M | -2.75 M | -2.35 M | -4.12 M | -5.72 M | -2.82 M | -2.04 M | -1.19 M | - | -1.09 M | -1.62 M | -1.39 M | - | -633 K | -1.37 M | -447 K | - | -766 K | -1.09 M | -638 K |
Interest Expense |
-162 K | -33 K | -12 K | -162 K | - | 100 K | 339 K | 1.02 M | - | 1.27 M | -613 K | 328 K | - | 148 K | 77 K | 5 K | - | 23 K | 14 K | 7 K | - | 23 K | 19 K | 12 K | - | 12 K | 13 K | 11 K | - | 4.43 K | - | - | - | 6.98 K | 7.64 K | 7.92 K | - | 9.32 K | 9.32 K | 10.4 K | - | 8.7 K | 13.8 K | 5.51 K | - | 1.79 K | 1.77 K | 1.75 K | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
-2.93 M | -3.09 M | -2.86 M | -2.47 M | - | -3.23 M | -1.9 M | -4.33 M | - | -8.08 M | -11.9 M | -10.2 M | - | -15.1 M | -10.3 M | -7.98 M | - | -7.4 M | -6.49 M | -5.03 M | -6.25 M | -3.88 M | -4.6 M | -3.87 M | -5.55 M | -7.45 M | -4.88 M | -5.09 M | -5.8 M | -5.35 M | -6.5 M | -4.7 M | -3.77 M | -2.65 M | -2.87 M | -2.77 M | -2.73 M | -2.05 M | -2.47 M | -3.05 M | -2.83 M | -2.25 M | -2.02 M | -3.96 M | -5.72 M | -2.5 M | -1.84 M | -1.12 M | - | -914 K | -1.57 M | -1.34 M | - | -582 K | -1.32 M | -401 K | - | -721 K | -1.04 M | -594 K |
Operating Expenses |
2.4 M | 2.15 M | 2.35 M | 1.96 M | - | 2.79 M | 2.62 M | 3.3 M | - | 8.33 M | 11.1 M | 10.4 M | - | 15.9 M | 11.4 M | 8.46 M | - | 7.86 M | 7.09 M | 5.82 M | - | 4.4 M | 4.95 M | 4.43 M | - | 7.58 M | 4.94 M | 5.28 M | - | 6.36 M | 7.2 M | 5.04 M | - | 2.93 M | 3.12 M | 2.7 M | - | 2.41 M | 2.69 M | 3.35 M | - | 2.48 M | 2.06 M | 4.11 M | - | 2.58 M | 2.04 M | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
2.12 M | 1.85 M | 2.12 M | 1.8 M | - | 2.55 M | 2.36 M | 2.91 M | - | 6.94 M | 10.3 M | 9.84 M | - | 14.5 M | 8.68 M | 7.26 M | - | 6.83 M | 6.18 M | 4.83 M | - | 3.17 M | 3.5 M | 3.14 M | - | 4.06 M | 2.37 M | 2.24 M | - | 1.76 M | 1.91 M | 2.03 M | - | 1.64 M | 1.81 M | 1.62 M | - | 1.23 M | 1.72 M | 1.85 M | - | 1.3 M | 1.3 M | 3.65 M | - | 1.81 M | 1.34 M | 1.01 M | - | 908 K | 1.4 M | 1.15 M | - | 370 K | 1.05 M | 310 K | - | 451 K | 604 K | 326 K |
All numbers in USD currency
The income statement is one of the three key financial reports of a company 22nd Century Group (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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