Is 22nd Century Group going out of business?

22nd Century Group, Inc. (XXII) Fundamentals

A quick summary of the latest filed figures while the full analysis loads.

22nd Century Group, Inc. (XXII) scores 10 out of 100 on fundamentals, Distressed / Caution, based on SEC filing data.

Leading signal: Shares dilution YoY: Reverse split detected; adjusted share change (267.8% YoY) and the capital-structure risk is penalized.

Five questions, kept separate

Survival - Fragile

7-11 mo of estimated runway from 2026-06-30, based on $6.1M of cash and short-term investments against $7.8M of annual burn. A disclosed filing event caps this reading; Event Risk carries the detail.

Business quality - Poor

-65.8% operating margin and -44.3% FCF margin produce a poor Business Quality assessment.

Trajectory - Evidence incomplete

Comparable evidence covers 0% of this trajectory model. No comparable revenue evidence.

Valuation - Extreme expectations

-1035.1% normalized FCF yield supports an extreme expectations Valuation assessment on the annual basis.

Event risk - Critical event risk

Going-Concern Warning is the decisive filing event; one adverse event family is active. It appears across 2 scanned filings. Favorable events are shown separately and do not offset adverse risk.

What the rules read

• Shares dilution YoY: Reverse split detected; adjusted share change (267.8% YoY) and the capital-structure risk is penalized.
• Debt / Equity: -0.29x (Net Cash)
• ROE quality: -27.11%
• ROIC: -89.92%
• Filing event risk: Going-Concern Warning (-8 pts)
• FCF margin: -44.26%
• Asset Efficiency: 0.67x
• Revenue CAGR (3Y): -24.27%
• Gross margin (industrial): 42.08%
• Revenue growth YoY: -29.86% (Industrial YoY)
• Return on Assets: -19.32%
• R&D intensity: 4.40%

Read from filings through 2026-09-01.

Price as of 2026-09-11.