22nd Century Group, Inc. (NASDAQ:XXII) Q4 2023 Earnings Conference Call March 28, 2024 8:00 AM ET
Company Participants
Matt Kreps - IR
Hugh Kinsman - CFO
Larry Firestone - CEO
Conference Call Participants
Remington Smith - Alliance Global Partners
Jim McIlree - Dawson James
Operator
Welcome to the 22nd Century Group Fourth Quarter 2023 Conference Call and Webcast. [Operator Instructions]
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 results conference call. Joining me today are Larry Firestone, CEO; and Hugh Kinsman, CFO.
Earlier today, we issued a press release announcing our results for the fourth quarter of 2023. The release and 10-K are available in the Investors section of our website at xxiicentury.com. We'll start today's call with prepared remarks from Larry and Hugh before moving into the Q&A session with our analysts. If you have questions about our business not addressed in this call, you are welcome to e-mail Investor Relations using the contact information provided in today's press release.
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 non-operating expenses. For more details on these measures, please refer to our release issued earlier today.
And with that, I'll now turn the call over to Larry.
Larry Firestone
Good morning, and thank you for joining 22nd Century's fourth quarter 2023 earnings call.
I will cover the business status, and Hugh will cover the financials, and then we will open it up for questions. The timing of this call is interesting since it technically covers the fourth quarter results, but so much has changed over the past four months that the results are not reflective of how the company is operating today. Since our focus is 100% on how 22nd Century moves forward to become a self-sustaining, profitable, and cash-flowing business, a lot of the information contained in my part of the discussion will be oriented towards the shape of the company in the first quarter, and so some of this will cross over to the first quarter earnings call in mid-May.