Earnings Call Summary | 22nd Century(XXII.US) Q1 2024 Earnings Conference
Earnings Call Summary | 22nd Century(XXII.US) Q1 2024 Earnings Conference
The following is a summary of the 22nd Century Group, Inc. (XXII) Q1 2024 Earnings Call Transcript:
以下是22世紀集團有限公司（XXII）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
22nd Century Group reported net sales of $6.5 million in Q1 2024.
The gross profit was a loss of $1.1 million due to one-time charges.
Total operating expenses were lower than the previous quarter due to cost reduction initiatives.
Cash usage in operation significantly declined.
Recent transactions added gross cash proceeds and reduced liabilities.
22世紀集團報告稱，2024年第一季度的淨銷售額爲650萬美元。
由於一次性收費，毛利潤虧損110萬美元。
由於成本削減舉措，總運營支出低於上一季度。
運營中的現金使用量大幅下降。
最近的交易增加了總現金收益，減少了負債。
Business Progress:
業務進展：
The company increased prices or discontinued unprofitable lines, reducing operating expenses and planning for profitable growth throughout 2024.
A new distribution agreement has extended the Cigarillo product range.
The company is developing branding for its Very Low Nicotine (VLN) product.
The company is seeking partnerships to boost VLN brand awareness.
該公司提高了價格或終止了無利可圖的生產線，減少了運營費用，並計劃在2024年全年實現盈利增長。
一項新的分銷協議擴大了Cigarillo的產品範圍。
該公司正在爲其極低尼古丁（VLN）產品開發品牌。
該公司正在尋求合作伙伴關係，以提高VLN的品牌知名度。
More details: 22nd Century IR
更多詳情： 22 世紀 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。