earnings
confidence high
sentiment negative
materiality 0.60
22nd Century Q2 2026 revenue falls 30% YoY to $2.9M; net loss $3.3M
22nd Century Group, Inc.
- Net revenues $2.9M, down 29.9% YoY; gross loss improved to -$0.3M from -$0.6M.
- Operating loss $3.3M vs $3.0M; net loss $3.3M vs $3.3M; adjusted EBITDA loss $3.5M vs $2.6M.
- Cash $6.1M, no debt; VLN cigarette net revenues $0.03M, up from negligible.
- Expanded Pinnacle VLN to ~150 more NY/NJ stores, launched Pinnacle Pure, entered California; targeting 5,000 outlets by year-end 2026.