with the mission of reducing the harm caused by smoking, 22nd century is a plant biotechnology company whose proprietary technology allows for the levels of nicotine in the tobacco plant to be decreased or increased through genetic engineering and plant breeding. goodrich tobacco company and hercules pharmaceuticals are wholly-owned subsidiaries focusing on (i) premium cigarettes and potentially reduced risk tobacco products (with up to 97% less nicotine than conventional cigarettes), and (ii) the x-22 prescription smoking cessation aid in development. 22nd century's technology also allows the levels of cannabinoids to be decreased or increased in the cannabis plant.
Company profile
Ticker
XXII
Exchange
Website
CEO
James A Mish
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Philip Morris International • Altria • Vector • RLX Technology • TILT • Ispire Technology • Hempacco • BOTS • RJ Reynolds Tobacco • White Fox Ventures ...
Former names
Touchstone Mining LTD
SEC CIK
Corporate docs
Subsidiaries
22nd Century Limited, LLC • Goodrich Tobacco Company, LLC • Heracles Pharmaceuticals, LLC • NASCO Products, LLC • Botanical Genetics, LLC • 22nd Century Group Europe B.V. • 22nd Century Group Canada, Inc. • 22nd Century Holdings, LLC • Golden Acquisition Sub, LLC • ESI Holdings, LLC ...
IRS number
980468420
XXII stock data
Latest filings (excl ownership)
PRE 14A
Preliminary proxy
19 Apr 24
D
$4.20 mm in equity / options, sold $4.20 mm, 9 investors
19 Apr 24
8-K
Departure of Directors or Certain Officers
18 Apr 24
8-K
Entry into a Material Definitive Agreement
9 Apr 24
424B5
Prospectus supplement for primary offering
9 Apr 24
8-K
Entry into a Material Definitive Agreement
8 Apr 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
5 Apr 24
8-K
Material Modifications to Rights of Security Holders
3 Apr 24
10-K
2023 FY
Annual report
28 Mar 24
8-K
22nd Century Group (XXII) Reports Fourth Quarter 2023 Financial Results
28 Mar 24
Transcripts
XXII
Earnings call transcript
2023 Q4
28 Mar 24
XXII
Earnings call transcript
2023 Q2
14 Aug 23
XXII
Earnings call transcript
2023 Q1
9 May 23
XXII
Earnings call transcript
2022 Q4
9 Mar 23
XXII
Earnings call transcript
2022 Q3
9 Nov 22
XXII
Earnings call transcript
2022 Q2
9 Aug 22
XXII
Earnings call transcript
2022 Q1
5 May 22
XXII
Earnings call transcript
2021 Q4
1 Mar 22
XXII
Earnings call transcript
2021 Q3
4 Nov 21
XXII
Earnings call transcript
2021 Q2
5 Aug 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 10.35 mm | 10.35 mm | 10.35 mm | 10.35 mm | 10.35 mm | 10.35 mm |
Cash burn (monthly) | 527.67 k | (no burn) | 24.24 mm | 11.29 mm | 4.28 mm | 5.77 mm |
Cash used (since last report) | 3.59 mm | n/a | 165.13 mm | 76.94 mm | 29.18 mm | 39.31 mm |
Cash remaining | 6.76 mm | n/a | -154.78 mm | -66.59 mm | -18.83 mm | -28.96 mm |
Runway (months of cash) | 12.8 | n/a | -6.4 | -5.9 | -4.4 | -5.0 |
Institutional ownership, Q3 2023
4.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 55 |
Opened positions | 20 |
Closed positions | 58 |
Increased positions | 2 |
Reduced positions | 30 |
13F shares | Current |
---|---|
Total value | 1.82 bn |
Total shares | 2.47 mm |
Total puts | 267.55 k |
Total calls | 1.65 mm |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 635.59 k | $621.48 mm |
Halpern Financial | 466.35 k | $0.00 |
BLK Blackrock | 325.47 k | $318.24 mm |
Geode Capital Management | 180.61 k | $176.66 mm |
Millennium Management | 132.99 k | $130.04 mm |
MS Morgan Stanley | 80.14 k | $78.36 mm |
HighTower Advisors | 78.46 k | $77.00 mm |
Mercer Global Advisors | 75.62 k | $74.00 k |
Walleye Capital | 75.00 k | $73.34 mm |
STT State Street | 52.37 k | $51.21 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
5 Jan 24 | Arno Andrew | Common Stock | Buy | Acquire P | No | No | 0 | 100,000 | 0.00 | 100,000 |
4 Jan 24 | Lawrence Firestone | Common Stock | Buy | Acquire P | No | No | 0.1736 | 100,000 | 17.36 k | 100,000 |
21 Mar 23 | John Franzino | Common Stock | Payment of exercise | Dispose F | No | No | 0.8724 | 14,244 | 12.43 k | 605,949 |
19 Mar 23 | John Franzino | Common Stock | Payment of exercise | Dispose F | No | No | 0.8719 | 21,210 | 18.49 k | 620,193 |
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