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Jun 30, 2020
22nd Century Group Q2 2020 Earnings Report
Reported an 11% increase in net sales revenue compared to the prior year, along with continued gross profit margin expansion and improved operating loss.
Key Takeaways
22nd Century Group reported a net sales revenue of $6.4 million for the second quarter of 2020, an 11% increase from the prior year. The company also experienced continued gross profit margin expansion and improved operating loss.
Net sales revenue reached $6.4 million, up 11% from the prior year.
Gross profit margin continued to expand.
Operating loss improved.
The company is focused on a successful VLN® launch upon FDA authorization.
22nd Century Group
22nd Century Group
Forward Guidance
The team is focused on setting the stage for a successful VLN® launch upon the authorization of their MRTP Application by the FDA.