22nd Century Group Inc. has reported its financial results for Q1 2025, showcasing a revenue of $6.0 million, marking a 48% increase from the $4.0 million recorded in Q4 2024. However, this figure represents an 8% decrease from the $6.5 million revenue in Q1 2024. The company's EBITDA improved significantly to $(2.5) million from $(4.2) million in Q1 2024, and its operating loss narrowed to $(2.6) million from $(4.4) million in the same period last year. Additionally, the gross profit improved to $(0.6) million from $(1.3) million in Q4 2024. The report also highlighted the company's strengthened cash position following a Q2 2025 transaction that generated $5.4 million in gross proceeds, contributing to a net cash positive position with a debt reduction to approximately $3 million as of May 7, 2025. Management has reaffirmed its guidance for achieving EBITDA breakeven by Q4 2025. The company, a U.S.-based pure-play contract manufacturer for combustible tobacco products, continues to show operational progress under new management, with a focus on regaining volume lost due to previous price hikes and securing profitable contracts.
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