Earnings ·
22nd Century Group reports preliminary Q3 revenue growth of 66% to $4.8 million
XXII22nd Century Group, Inc.
22nd Century Group issued preliminary, unaudited financial results for the third quarter ended September 30, 2026. Net revenues grew 66% year-over-year to approximately $4.8 million from $2.9 million in the prior quarter. Gross profit turned positive at $0.4 million compared to a loss of $(0.3) million previously. Operating expenses remained consistent at $3.0 million, resulting in an operating loss and net loss of $2.6 million, down from $3.3 million in the second quarter. Adjusted EBITDA loss improved to $2.2 million from $3.5 million. The company holds $3.9 million in cash and equivalents at quarter-end. 22nd Century Group operates in the tobacco industry, developing low-nicotine tobacco products.