22nd Century Group (XXII) Reports Q2 Revenues Beat

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Go back to 22nd Century Group (XXII) Reports Q2 Revenues Beat

22nd Century Group Reports Financial Results and Business Highlights for the Second Quarter 2020

August 6, 2020 7:00 AM EDT

Key Highlights:

Net sales revenue increased approximately 11% to $6.4 millionGross profit continues to show improvement year-over-year as a result of targeted actions to improve margins and cost structureOperating loss improved by approximately $276 thousandAdjusted EBITDA improved 21%Appointed new CEO, James A. Mish and new CFO, John Franzino

WILLIAMSVILLE, N.Y., Aug. 06, 2020 (GLOBE NEWSWIRE) -- 22nd Century Group, Inc. (NYSE American: XXII) (22nd Century or the Company), a leading plant biotechnology company focused on technologies that alter the level of nicotine in tobacco plants and... More