XXII - 22nd Century GAAP EPS of -$0.08 misses by $0.01 revenue of $21.96M beats by $1.92M
2023-05-09 06:02:33 ET
- 22nd Century press release ( NASDAQ: XXII ): Q1 GAAP EPS of -$0.08 misses by $0.01 .
- Revenue of $21.96M (+142.7% Y/Y) beats by $1.92M .
- Provides Initial 2023 Revenue Outlook of $105 Million to $110 Million, 69% to 77% Year-Over-Year Growth
- Continued Execution of Business Unit Strategies, Poised to Achieve Cash Positive Operating Goals in 2024.
- Adjusted EBITDA was a loss of $14.7 million, compared to prior year loss of $6.6 million. See the tables included in this release for a reconciliation of Adjusted EBITDA to net loss.
- As of March 31, 2023, the Company had $23.7 million in cash, cash equivalents, short-term investment securities, and restricted cash.
- Shares +1.72% PM.
For further details see:
22nd Century GAAP EPS of -$0.08 misses by $0.01, revenue of $21.96M beats by $1.92M