22nd Century Group

Our long-term focus is the research, development, licensing, manufacturing, and worldwide sales and distribution of our important products. 22nd Century Group’s proprietary genetic engineering technology and plant breeding expertise allow us to regulate the level of nicotine (and other nicotinic alkaloids) in the tobacco plant. As a result of our unique technology, we are able to grow tobacco with up to 97% less nicotine than conventional tobacco – as well as plants with relatively high nicotine levels. The applications for this technology are extraordinary; in independent clinical studies, our very low nicotine (VLN) tobacco has demonstrated remarkable efficacy as a smoking cessation aid. On the other hand, for smokers who do not wish to quit, our high nicotine tobacco enables us to produce a cigarette with what we believe is the world’s lowest tar-to-nicotine ratio.

Type
Public
HQ
Clarence, US
Founded
1998
Size (employees)
46 (est)+18%
22nd Century Group was founded in 1998 and is headquartered in Clarence, US

22nd Century Group Office Locations

22nd Century Group has an office in Clarence
Clarence, US (HQ)
9530 Main St

22nd Century Group Data and Metrics

22nd Century Group Financial Metrics

22nd Century Group's revenue was reported to be $12.3 m in FY, 2016 which is a 44% increase from the previous period.
USD

Revenue (FY, 2016)

12.3 m

Revenue growth (FY, 2015 - FY, 2016), %

44%

Gross profit (FY, 2016)

(429.7 k)

Gross profit margin (FY, 2016), %

(3%)

Net income (FY, 2016)

(11.6 m)

EBIT (FY, 2016)

(11.4 m)

Market capitalization (21-Jul-2017)

146.9 m

Cash (31-Dec-2016)

13.5 m

EV

133.8 m
22nd Century Group's current market capitalization is $146.9 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

7.3 m529 k8.5 m12.3 m

Revenue growth, %

(93%)1511%44%

Cost of goods sold

498.4 k9.1 m12.7 m

Gross profit

30.6 k(580.6 k)(429.7 k)

Gross profit Margin, %

6%(7%)(3%)

Sales and marketing expense

1.6 m

R&D expense

2.3 m

General and administrative expense

6.2 m

Operating expense total

5 m11.8 m11.5 m11 m

EBIT

1.8 m(11.7 m)(11.4 m)

EBIT margin, %

25%(2219%)(93%)

Interest expense

(53 k)(37.7 k)

Interest income

31.2 k16.9 k

Pre tax profit

(11 m)(11.6 m)

Net Income

(26.2 m)(15.6 m)(11 m)(11.6 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

5.8 m6.4 m3.8 m13.5 m

Accounts Receivable

51.2 k41 k

Inventories

1.4 m3.1 m

Current Assets

7.7 m10.7 m7.2 m16.8 m

PP&E

3 m2.9 m2.6 m2.4 m

Total Assets

12.3 m22 m18.4 m27.6 m

Accounts Payable

54.7 k884.4 k1.3 m1.3 m

Total Debt

925.7 k616.5 k307.9 k

Current Liabilities

984.3 k2.7 m3.2 m3.2 m

Total Liabilities

3.3 m

Common Stock

569641710907

Additional Paid-in Capital

47.5 m70.7 m78.3 m102.5 m

Retained Earnings

(39.9 m)(55.5 m)(66.6 m)(78.1 m)

Total Equity

7.5 m15.2 m11.7 m24.3 m

Debt to Equity Ratio

0.1 x0.1 x0 x

Debt to Assets Ratio

0 x0 x0 x

Financial Leverage

1.6 x1.4 x1.6 x1.1 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(26.2 m)(15.6 m)(11 m)(11.6 m)

Depreciation and Amortization

144.3 k462.8 k676.3 k842.2 k

Accounts Receivable

(61.2 k)10.2 k

Inventories

(175.8 k)(620.7 k)(701.5 k)(531.4 k)

Accounts Payable

(629.1 k)625.4 k86.3 k(136.3 k)

Cash From Operating Activities

3.9 m(6.6 m)(7.3 m)(9.9 m)

Purchases of PP&E

(3 m)(212.5 k)(37.5 k)(197.2 k)

Cash From Investing Activities

(3.7 m)(2.7 m)(450.7 k)(553.8 k)

Short-term Borrowings

(333.3 k)(333.3 k)

Cash From Financing Activities

5.7 m9.9 m5.1 m20.1 m

Interest Paid

135.2 k7.1 k7.6 k37.7 k
USDY, 2016

EV/EBIT

-11.7 x

EV/CFO

-13.5 x

Revenue/Employee

314.9 k

Financial Leverage

1.1 x

22nd Century Group Market Value History

22nd Century Group Online and Social Media Presence

22nd Century Group Company Life and Culture

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