22nd Century Q3 net income $5.5M from insurance settlement; revenue down 32.5% YoY; $25M ATM launched

22nd Century Group, Inc.

2025-Q3 EPS reported -$5.95 revenue$14,050,000

Net revenue $4.0M, down 32.5% YoY; gross loss widened to $1.1M from $0.6M in prior quarter.
Consolidated net income $5.5M reflects $9.5M insurance settlement (Grass Valley fire); operating loss $3.2M.
Zero long-term debt at quarter end; cash $4.8M; additional $9.5M received post-quarter in November.
Entered $25M at-the-market equity facility with Needham & Company; 3% commission on sales.
New executive employment agreements with CEO, CFO, and three other officers; enhanced severance provisions.

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