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
22nd century表示，第三季度香菸淨收入，包括出口成交量，增至410萬美元，比去年同期的350萬美元增長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 $0.6 million in the preceding quarter, reflective of the expanded Pinnacle branded product offerings launched in Q2 2024 with a top-five national convenience store chain.
- VLN cigarette net revenues were negligible in the third quarter, a decrease from the comparable prior year period which benefited from stocking orders with major c-stores. While the Company has secured broad distribution of its VLN products, the sell-through has not yet materialized. The Company is making changes to rebrand and relaunch its VLN products, which will be discussed further on the conference call noted below.
- 2024年第三季度香菸盒銷量下降了22%，這是由於前一年同期的庫存訂單，但從2024年4月生效的漲價中獲益。香菸淨收入與上一季度相比保持穩定，上一季度受益於價值$ 900,000的Spectrum研究香菸訂單。
- 過濾雪茄的淨收入下降到$ 170萬，與前一年同期的$ 410萬以及上一季度的$ 330萬相比，反映出由於公司完成終止的合同製造協議下的最後購買訂單，目前已過渡遠離低或負邊際過濾雪茄訂單而導致的成交量下降。此外，部分客戶在2024年4月開始實施漲價。公司目前正在討論與改進邊際的新協議下此類產品的額外成交量。
- 雪茄產品的分銷淨收入爲$ 200,000，與前一年同期的$ 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品牌產品擴展產品系列，與一家全國前五的便利店連鎖店合作。
- VLN香菸的淨收入在第三季度可以忽略不計，與前一年同期相比有所下降，那時受到主要便利店的庫存訂單的影響。儘管公司確保了其在VLN產品的廣泛分銷，但實際銷售尚未實現。公司正在進行品牌改造和重新推出其VLN產品的變革，將在下文提到的電話會議上進一步討論。
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