Event-Driven Stocks

22nd Century Group, Inc.

XXII

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Signs1 good5 warning2 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$17.6M$24.4M$8.9M$9.0M$8.0M$28.1M
Operating income−$11.6M−$13.9M−$44.9M−$33.6M−$28.4M−$19.2M
Net income−$5.1M−$15.2M−$140.8M−$59.8M−$14.0M−$19.7M
Total assets$27.0M$21.7M$27.5M$114.7M$76.0M$51.7M
Total liabilities$8.5M$17.7M$35.9M$18.7M$9.9M$7.6M
Equity$15.8M$4.0M−$8.4M$96.0M$66.1M$44.1M
EPS (diluted)$-52.87$-175.99$-15925.99$-4.65$-0.09$-0.14
Shares out.2.4M55.7M215.7M162.9M149.6M138.9M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
−65.8%
Net margin
−28.7%
Return on equity
−32.1%
Return on assets
−18.7%
Return on capital (ROCE)
−58.6%
Liabilities / assets
31.6%
Debt / equity
0.54×
Book value / share
$6.65
Revenue growth (YoY)
−27.9%
Net income growth (YoY)

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
-46.55distress
Accruals / assets
9.9%moderate
Beneish M-Score
-0.39elevated
Piotroski F-Score
4/9mixed

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
28
/ 100
Profitability 0Growth 0Catalyst 33Earnings quality 33Financial strength 75

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →

Signs

2 severe5 warning1 good
  • Altman Z″ in the distress zone
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Revenue declined year-over-year
  • Negative operating cash flow
  • Beneish M-Score elevated — earnings-manipulation screen flag
  • Conservative leverage (liabilities < 50% of assets)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Insider transactions

SEC Form 4 · most recent
12 acquisitions0 disposalsnet +258,152 shares · last 12
InsiderDateTypeSharesPrice
Arno AndrewDirectorNov 10, 2025Grant17,295$0.00
Manfredonia Robert POfficer — EVP of Sales and MarketingNov 10, 2025Grant32,429$0.00
Staffeldt JonathanOfficer — VP and Deputy General CounselNov 10, 2025Grant37,146$0.00
Marion Arvil S.Officer — VP of Mfg. Operations*Nov 10, 2025Grant32,429$0.00
Salhany Lucille SDirectorNov 10, 2025Grant11,006$0.00
Otto Daniel AOfficer — Chief Financial OfficerNov 10, 2025Grant37,146$0.00
Firestone LawrenceOfficer — Chief Executive OfficerNov 10, 2025Grant66,824$0.00
Keys David NDirectorNov 10, 2025Grant12,578$0.00
Keys David NDirectorAug 25, 2025Grant2,118$0.00
Johnson Anthony L.DirectorMar 10, 2025Grant2,472$0.00
Salhany Lucille SDirectorMar 10, 2025Grant2,472$0.00
Arno AndrewDirectorMar 10, 2025Grant4,237$0.00

Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 202699,7291.0-29.9%
Apr 30, 2026142,3601.0+19.9%
Apr 15, 2026118,6912.2+8.0%
Mar 31, 2026109,9392.6+52.9%
Mar 13, 202671,8971.7+18.8%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)

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