22nd Century Group, Inc. (NASDAQ:XXII) Q1 2024 Earnings Conference Call May 15, 2024 8:00 AM ET
Company Participants
Matt Kreps - IR
Larry Firestone - CEO
Daniel Otto - CFO
Conference Call Participants
Operator
Welcome to the 22nd Century Group’s First Quarter 2024 Conference Call and Webcast. At this time, all participants have been placed in a listen-only mode. The floor will be open for questions following the management’s prepared remarks. [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 first quarter 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 first quarter 2024. The release and 10-Q are available in the Investors section of our website at xxiicentury.com.
We'll start today's call with prepared remarks from Larry and Dan before moving into a 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.
Also during today's call, we may discuss non-GAAP financial measures, including adjusted EBITDA, which we define as earnings before interest, taxes, depreciation and amortization as adjusted for certain non-cash 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 first quarter 2024 results conference call. When I spoke to you for the first-time as CEO of this company last quarter, I told you that 22nd Century had a brand new focus to become a self-sustaining and cash flowing business.
I said that our priority was what is good for the company comes first and that we are dedicated to making this company live within its skin as a profitable, cash positive NASDAQ listed company with a strong foothold in the tobacco space focused on nicotine harm reduction. I meant that as a sincere commitment and I want to say at the outset, but I mean it just as much today.