22nd Century Group Preliminarily Reports Third Quarter Financial Results
Key Highlights
- ➤Q3 revenue approximately $4.8 million, up 66% from Q2’s $2.9 million
- ➤Q3 gross profit approximately $0.4 million, versus a $0.3 million loss
- ➤Q3 net loss narrowed to $2.6 million from $3.3 million
- ➤Cash and equivalents totaled $3.9 million at quarter end
- ➤Preliminary results remain unaudited and subject to material changes
Expert Statements
Larry Firestone, Chief Executive Officer of 22nd Century Group
“The third quarter marked another period of disciplined execution as we continued to increase consumer awareness and strengthen the commercial foundation for our Pinnacle VLN(®) and 22(nd) Century VLN(®) low nicotine cigarettes.”
Larry Firestone, Chief Executive Officer of 22nd Century Group
“At retail, the growth in our same-store sales reports for Q3 2026 compared to Q2 2026 for the Pinnacle brand, both Pinnacle VLN(®) and Pinnacle Pure cigarette products reinforced our belief that the market is looking for alternatives that change their smoking practice.”
Larry Firestone, Chief Executive Officer of 22nd Century Group
“Today’s consumers are demonstrating through their early adoption of our VLN(®) low nicotine cigarettes that a path to a low nicotine category in the market is being developed.”
Larry Firestone, Chief Executive Officer of 22nd Century Group
“It is our anticipation that multiple brands will adopt and carry a VLN(®) branded set of sku’s in the future to pair with their standard brands.”
Larry Firestone, Chief Executive Officer of 22nd Century Group
“We believe that the future of smoking will include a low nicotine cigarette category of which we are the first and only player at the moment.”
Larry Firestone, Chief Executive Officer of 22nd Century Group
“The future of smoking is here. It’s VLN(®).”
Revenue Grew 66% to $4.8 Million; Gross Profit Turned Positive at $0.4 Million
MOCKSVILLE, N.C., Oct. 22, 2026 (GLOBE NEWSWIRE) -- 22nd Century Group, Inc. (Nasdaq: XXII), the only low nicotine tobacco company in the world, today announced select, preliminary and unaudited financial results and operating metrics for the third quarter ended September 30, 2026. The company anticipates releasing third quarter 2026 earnings on or before November 13, 2026, and will host a conference call for investors and financial analysts. The final date and details of the conference call will separately be released.
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