Quarterly ResultMay 7, 2026, 06:13 AM
22nd Century Group Q1 Net Revenue $4.1M, Net Loss $(3.0)M
AI Summary
22nd Century Group reported first-quarter 2026 net revenues of $4.1 million, a 31.1% decrease year-over-year, but a slight increase from Q4 2025. The net loss from continuing operations improved to $(3.0) million compared to $(3.3) million in Q1 2025. The company continues to expand VLN® commercial distribution, targeting over 5,000 retail outlets by year-end 2026, and is advancing its PMTA portfolio and licensing strategy for new low-nicotine tobacco products.
Key Highlights
- Net revenues were $4.1 million, down 31.1% year-over-year from $5.956 million.
- Net loss from continuing operations improved to $(3.0) million from $(3.3) million year-over-year.
- Adjusted EBITDA loss increased to $(2.6) million from $(2.3) million year-over-year.
- Cash and cash equivalents stood at $9.5 million at the end of the quarter.
- VLN® products are available in over 2,000 stores across 20 states.
- Company targets over 5,000 retail outlets for VLN® by the end of 2026.
- Zero long-term debt was reported at the end of the quarter.
Price Impact
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