XXII
22nd Century Group, Inc.1.0500
+0.0900+9.38%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
7.34MP/E (TTM)
0.00Basic EPS (TTM)
3182.71Dividend Yield
0%Recent Filings
10-Q
8-K
8-K
Secures $9.5M insurance settlement
22nd Century Group settled its insurance litigation over the November 2022 Grass Valley facility fire, securing $9.5 million in cash from its insurer, effective September 18, 2025, with payment due within 45 days. Now debt-free, this non-dilutive influx shifts the company from survival to growth capital, bolstering its balance sheet. The settlement clears a legacy hurdle. Management eyes profitability in 2026 amid VLN product expansion.
8-K
Debt repaid, balance sheet strengthened
22nd Century Group repaid its remaining $3.9 million in senior secured debt on September 18, 2025, fully terminating the 2023 agreement with JGB partners and releasing all liens ahead of maturity. This move, funded by a recent Series A preferred stock offering, boosted pro forma net tangible book value by $9.1 million, or $1.05 per share. Debt-free now, the company eyes growth via VLN product expansion. Forward-looking plans hinge on market adoption.
8-K
Auditor switch due to acquisition
22nd Century Group replaced its auditor Freed Maxick with Withum Smith+Brown on August 22, 2025, following Withum's acquisition of Freed Maxick's assets. The switch occurred without disagreements or reportable events over accounting or auditing matters in recent years. No prior consultations with Withum raised issues. This ensures seamless audit continuity amid the firm transition.
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