22nd Century Says Q3 Cigarette Net Revenues, Including Export Volume, Increased To $4.1M Or 18% Compared To $3.5M In The Prior Year Comparable Period
22nd Century Says Q3 Cigarette Net Revenues, Including Export Volume, Increased To $4.1M Or 18% Compared To $3.5M In The Prior Year Comparable Period
22世纪表示，第三季度香烟净收入，包括出口成交量，比去年同期的350万美元增加到410万美元，增长了18%。
- Q3 2024 cigarette carton volumes declined 22% due to prior year comparable period stocking orders but benefitted from price increases that took effect in April 2024. Cigarette net revenues were stable compared to the immediately preceding quarter, which benefitted from a periodic Spectrum research cigarette order valued at $0.9 million.
- Filtered cigars net revenues decreased to $1.7 million, compared to $4.1 million in the prior year comparable period, and $3.3 million in the immediately preceding quarter, reflecting lower volumes as the Company completed last time buy orders under our terminated contract manufacturing agreements, now having transitioned away from low or negative margin filtered cigar orders. Additionally, price increases for certain customers took effect in April 2024. The Company is presently in discussions for additional volume in this category under new agreements with improved margin.
- Cigarillo distribution net revenues amounted to $0.2 million, compared to $0 in the prior year quarter and $0.6 million in the preceding quarter, reflective of the expanded Pinnacle branded product offerings launched in Q2 2024 with a top-five national convenience store chain.
- VLN cigarette net revenues were negligible in the third quarter, a decrease from the comparable prior year period which benefited from stocking orders with major c-stores. While the Company has secured broad distribution of its VLN products, the sell-through has not yet materialized. The Company is making changes to rebrand and relaunch its VLN products, which will be discussed further on the conference call noted below.
- 2024年第三季度香烟盒销量下降了22%，这是由于前一年同期的库存订单，但从2024年4月生效的涨价中获益。香烟净收入与上一季度相比保持稳定，上一季度受益于价值$ 900,000的Spectrum研究香烟订单。
- 过滤雪茄的净收入下降到$ 170万，与前一年同期的$ 410万以及上一季度的$ 330万相比，反映出由于公司完成终止的合同制造协议下的最后购买订单，目前已过渡远离低或负边际过滤雪茄订单而导致的成交量下降。此外，部分客户在2024年4月开始实施涨价。公司目前正在讨论与改进边际的新协议下此类产品的额外成交量。
- 雪茄产品的分销净收入为$ 200,000，与前一年同期的$ 0以及上一季度的$ 600,000相比，反映出在2024年第二季度推出的Pinnacle品牌产品扩展产品系列，与一家全国前五的便利店连锁店合作。
- VLN香烟的净收入在第三季度可以忽略不计，与前一年同期相比有所下降，那时受到主要便利店的库存订单的影响。尽管公司确保了其在VLN产品的广泛分销，但实际销售尚未实现。公司正在进行品牌改造和重新推出其VLN产品的变革，将在下文提到的电话会议上进一步讨论。
译文内容由第三方软件翻译。
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