22nd Century Group (XXII) Reports Second Quarter 2023 Financial Results
Net revenues for the second quarter of 2023 were $23.4 million, an increase of 61.8% from the same period in 2022.
- Net revenues for the second quarter of 2023 were $23.4 million, an increase of 61.8% from the same period in 2022.
- Gross profit for the second quarter of 2023 was $(2.3) million as compared to $0.9 million in the prior year period.
- Gross margin is expected to improve in the second half of 2023 reflecting:
New CDMO+D contracts to begin shipping product in the second half of 2023. - to discuss its second quarter 2023 financial results and business highlights.