22nd Century Group's Return On Capital Employed Overview
Portfolio Pulse from Benzinga Insights
22nd Century Group (XXII) reported Q1 sales of $21.96 million, up 30.82% from Q4, but still posted a loss of $18.18 million. The company's Return on Capital Employed (ROCE) was -0.22%, suggesting inefficient capital allocation. Q1 earnings per share were $-0.08, missing analyst predictions of $-0.07.
May 24, 2023 | 2:52 pm
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NEGATIVE IMPACT
22nd Century Group reported Q1 sales growth but still posted a loss. The company's ROCE of -0.22% suggests inefficient capital allocation, and Q1 EPS missed analyst predictions.
22nd Century Group's Q1 sales growth is a positive sign, but the overall loss and negative ROCE indicate inefficient capital allocation, which could negatively impact the stock price. Additionally, the company's Q1 EPS missed analyst predictions, which may also contribute to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100