1Q21 Investor Update slide image

1Q21 Investor Update

FINANCIAL SNAPSHOT $ in millions Select Financials Net sales revenue Operating loss Net loss Net loss per common share - basic and diluted Weighted average common shares outstanding - basic and diluted (in thousands) Adjusted EBITDA Summary Balance Sheet Items Cash and cash equivalents¹ Total assets² Total liabilities³ Total shareholders' equity4 Three Months Ended March 31, 2021 2020 Quarter Ended March 31, 2021 $6.8 $ (5.2) $ (5.0) $ (0.03) 144,258 $ (4.4) 1. Cash and cash equivalents includes short-term investment securities. 2. Total assets is the sum of total current assets, total property, plant and equipment, and total other assets including intangible assets, net, investments and convertible note. 3. Total liabilities includes current liabilities and long-term liabilities and excludes shareholders' equity. 4. Total shareholders' equity excludes any liabilities. As per press release issued on May 6, 2021. $ 30.9* $ 59.7 $7.2 $ 52.5 2020 $7.1 $ (4.1) $ (4.0) $ (0.03) 138,610 $ (3.2) $22.3 $51.7 $7.6 $44.1 *Additional $11.8M cash received from warrants exercised in Feb/March 2021 22nd Century Group, Inc. 15
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