---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-017661"
form_type: "8-K"
ticker: "XXII"
cik: "0001347858"
company_name: "22nd Century Group, Inc."
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T19:20:50.321669+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# 22nd Century Group Q3 net revenue $17.8M, operating loss $71.5M with $57M non-cash charges

## Summary
- Net revenue $17.8M, down from $19.4M YoY; gross profit -$2.0M vs +$0.6M.
- Operating loss $71.5M includes $33.4M goodwill impairment and $23.3M restructuring costs.
- Adjusted EBITDA loss $11.2M, slightly worse than $11.0M loss in prior year quarter.
- VLN stores expanded to over 4,550 in 19 states from ~1,100 in 14 states at June 30.
- Reduced principal debt by $8.1M in Oct; raised $5.25M in equity same month.

## SEC filing metadata
- accession: 0001558370-23-017661
- form_type: 8-K
- ticker: XXII
- cik: 0001347858
- company_name: 22nd Century Group, Inc.
- filed_at: 2023-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1347858/000155837023017661/0001558370-23-017661-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1347858/000155837023017661/xxii-20231106x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-017661
- JSON: https://secwatch.observer/filing/0001558370-23-017661.json
- Plain text: https://secwatch.observer/filing/0001558370-23-017661.txt

## Key facts
- Earnings Releases
  22nd Century Group, Inc. reported third quarter ended September 30, 2023 results: revenue $17.8 million.
  - Period: third quarter ended September 30, 2023
  - Revenue: $17.8 million
  - Result: reported results
  source text: specific reference in such filing. ​ --- EX-99.1 (EX-99.1) --- ​ 22nd Century Group (XXII) Reports Third Quarter 2023 Financial Results ​ ● Third quarter 2023 net revenue of $17.8 million ● Expanded VLN ® availability to more than 4,550 stores in 19 states ● Proposed FDA menthol ban regulation now undergoing review at OMB ● GVB bulk ingredient volume of 49,000 kg
  evidence_url: https://www.sec.gov/Archives/edgar/data/1347858/000155837023017661/0001558370-23-017661-index.htm

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