---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-014685"
form_type: "8-K"
ticker: "XXII"
cik: "0001347858"
company_name: "22nd Century Group, Inc."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T10:23:49.801873+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# 22nd Century Q2 revenue $23.4M (+62% YoY), net loss $19.4M; cuts FY outlook to $80-90M, CEO resigns

## Summary
- Net revenues $23.4M (+62% YoY); gross loss of $2.3M driven by plant fire and product mix.
- Net loss $19.4M; adjusted EBITDA loss $16.0M vs loss $7.1M in prior year.
- Cuts 2023 revenue outlook to $80-90M from $105-110M due to VLN rollout timeline changes and internal production transition.
- CEO James Mish resigns; John Miller appointed interim CEO; cost reduction program targeting $15M+ annualized savings.
- Raised $19.9M in equity in June/July; regained Nasdaq compliance.

## SEC filing metadata
- accession: 0001558370-23-014685
- form_type: 8-K
- ticker: XXII
- cik: 0001347858
- company_name: 22nd Century Group, Inc.
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1347858/000155837023014685/0001558370-23-014685-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1347858/000155837023014685/xxii-20230814x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-014685
- JSON: https://secwatch.observer/filing/0001558370-23-014685.json
- Plain text: https://secwatch.observer/filing/0001558370-23-014685.txt

## Key facts
- Earnings Releases
  22nd Century Group, Inc. reported Second quarter ended June 30, 2023 results: revenue $23.4 Million. Guidance lowered.
  - Period: Second quarter ended June 30, 2023
  - Revenue: $23.4 Million
  - Guidance: lowered
  - Result: reported results
  source text: Second Quarter 2023 Net Revenues Increased 62% to $23.4 Million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1347858/000155837023014685/0001558370-23-014685-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.