XXII
22nd Century Group, Inc.1.0500
+0.0900+9.38%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
7.34MP/E (TTM)
0.00Basic EPS (TTM)
3182.71Dividend Yield
0%Recent Filings
8-K
Preliminary 2025 results, Nasdaq fixes
22nd Century Group released preliminary Q4 and full-year 2025 results, showing net revenues of $3.6M and $17.6M, down from prior periods yet with narrowed losses: operating loss $11.6M versus $14.0M in 2024. Debt-free with $7.1M cash, inventory doubled to $4.3M on VLN harvest. Stockholders approved reverse split and Nasdaq compliance measures. Results preliminary, subject to audit.
8-K
1-for-15 reverse split filed
22nd Century Group filed for a 1-for-15 reverse stock split on January 22, 2026, effective January 26, to regain Nasdaq Capital Market compliance. Outstanding shares drop from 7,652,661 to ~510,177 while authorized shares stay at 500,000,000. Ownership percentages hold steady. No cash for fractions.
8-K
Preferred amendment extends deadline
22nd Century Group inked an Omnibus Amendment on December 17, 2025, with Series A Preferred holders, extending the stockholder approval deadline to February 23, 2026. It greenlights pursuing Nasdaq compliance via reverse split, a $20 million follow-on offering of similar preferred stock and warrants, and looser ATM sales above $2.00 pre-approval. Warrants gain anti-dilution protection post-approval. Failure risks Preferred redemption at stated value.
8-K
ATM deal enables $25M raise
22nd Century inked an ATM sales agreement with Needham on November 4, 2025, unlocking up to $25M in common stock sales at market prices, with 3% commission to the agent. Proceeds target VLN reduced-nicotine cigarette expansion, R&D, IP, and working capital—bolstering a freshly debt-free balance sheet post-$9.5M insurance windfall. No sales obligated yet.
10-Q
Q3 FY2025 results
22nd Century Group's Q3 revenues fell 32.5% y/y to $4.0M from $5.9M, with contract manufacturing down on filtered cigars yet cigarette cartons up 79% y/y (derived); gross loss widened to 26.4% from 9.9% amid product mix shifts and excise taxes. Operating loss from continuing operations narrowed 4.9% y/y to $3.2M as SG&A dropped 27%, but interest expense rose on debt amortization before full Senior Secured Credit Facility payoff in September using Series A preferred proceeds. Cash holds at $4.8M; operations burned $10.5M YTD. Debt-free now. Customer concentration risks persist.
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