22nd Century: Q2 Earnings Snapshot

August 9, 2022 GMT

BUFFALO, N.Y. (AP) _ 22nd Century Group Inc. (XXII) on Tuesday reported a loss of $11.5 million in its second quarter.

The Buffalo, New York-based company said it had a loss of 6 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

The plant biotechnology company posted revenue of $14.5 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $12.2 million.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XXII at https://www.zacks.com/ap/XXII