Earnings ·
22nd Century Group reported second quarter 2026 financial results showing net revenues of $2.9 million, a decrease…
XXII22nd Century Group, Inc.
22nd Century Group reported second quarter 2026 financial results showing net revenues of $2.9 million, a decrease from $4.1 million in the prior quarter. The company posted an operating loss of $3.3 million and a net loss of $3.3 million, compared to losses of $3.0 million in both metrics for Q1 2026. Adjusted EBITDA widened to a loss of $3.5 million from $2.6 million previously. The firm ended the quarter with $6.1 million in cash and no outstanding debt. Commercially, VLN cigarette revenues rose slightly to $0.03 million as the company expanded retail distribution into approximately 150 additional stores in New York and New Jersey, launched Pinnacle Pure products, and entered California through 60 locations. The tobacco harm reduction company develops low-nicotine tobacco technology and manufactures FDA-authorized reduced nicotine combustible cigarettes.