22nd Century Group, Inc. (NASDAQ:XXII) Q4 2024 Earnings Conference Call March 20, 2025 8:00 AM ET
Company Participants
Matt Kreps – IR
Larry Firestone – CEO
Dan Otto – CFO
Conference Call Participants
Andrew White – Emerging Growth Research
Operator
Welcome to 22nd Century Group’s Fourth Quarter and Full Year 2024 Conference Call and Webcast. At this time, all participants are — have been placed in a listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity for covering research analysts to ask questions. [Operator Instructions] Please note this event is being recorded. It is now my pleasure to turn the floor over to Matt Kreps, Investor Relations for 22nd Century Group. Please begin.
Matt Kreps
Hello, and welcome to 22nd Century’s Fourth Quarter and Full Year Results Conference Call. Joining me today are Larry Firestone, CEO; and Dan Otto, CFO. Earlier today, we issued a press release announcing our results for the year ended December 31, 2024. The release and 10-K are available in the Investors section of our website at xxiicentury.com. Today’s call will include prepared remarks from Larry and Dan, updating you on 22nd Century’s business, operations, strategy and financial results through December 31, 2024, and subsequent.
Before we begin, a few reminders for today’s call. Some of the statements made today are forward-looking. Forward-looking statements are subject to risks, uncertainties and other factors that may cause actual results to differ materially from those contemplated by these statements. Additional information regarding these factors can be found in our annual, quarterly and other reports filed with the SEC.
During today’s call, we may also discuss non-GAAP financial measures, including adjusted EBITDA, which we define as earnings before interest, taxes, depreciation and amortization as adjusted for certain noncash and nonoperating expenses and net debt calculated as total principal amount of debt outstanding
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