22nd Century Group's gross profit for the
three
months ended in Mar. 2024 was $-1.13 Mil. 22nd Century Group's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $-8.65 Mil.
22nd Century Group had a gross margin of -36.61% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of 22nd Century Group was 5.86%. The lowest was -64.90%. And the median was 1.73%.
22nd Century Group Gross Profit Historical Data
The historical data trend for 22nd Century Group's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of 22nd Century Group's Gross Profit
For the Tobacco subindustry, 22nd Century Group's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
22nd Century Group's Gross Profit Distribution in the Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, 22nd Century Group's Gross Profit distribution charts can be found below:
* The bar in red indicates where 22nd Century Group's Gross Profit falls into.
22nd Century Group Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
22nd Century Group's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.65 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
22nd Century Group (NAS:XXII) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
22nd Century Group had a gross margin of -36.61% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
22nd Century Group Gross Profit Related Terms
Thank you for viewing the detailed overview of 22nd Century Group's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
22nd Century Group (22nd Century Group) Business Description
22nd Century Group Inc is a United States-based biotechnology company focused on utilizing alkaloid plant technologies to improve health and wellness with reduced nicotine tobacco, and hemp/cannabis. It has two operating segments; The tobacco segment is engaged in commercializing its proprietary VLNC tobacco plants and cigarette products, which contain 95% less nicotine than conventional tobacco and cigarettes, and research cigarettes sold under the brand name SPECTRUM, and The hemp/cannabis segment is engaged in providing hemp-derived cannabinoid ingredients and API, as well as a CDMO to the consumer goods industry. It derives a majority of its revenue from the tobacco segment.
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