22nd Century Group reports $17.6 million revenue for 2025

22nd Century Group Inc. (NASDAQ: XXII) reported preliminary financial results for the fourth quarter and full year ended December 31, 2025. The company expects to release audited results by March 31, 2026.

The tobacco products company reported net revenues of approximately $3.6 million for the fourth quarter 2025, compared with $4.0 million in the third quarter of 2025. Full year 2025 net revenues totaled approximately $17.6 million, down from $24.4 million in 2024.

Total cartons shipped during the fourth quarter were approximately 0.3 million, compared with 0.5 million cartons in the third quarter. For the full year 2025, carton shipments remained flat at approximately 2.1 million, matching 2024 levels.

The company expects a fourth quarter 2025 gross loss of approximately $0.8 million, improving from a $1.1 million gross loss in the third quarter. The full year 2025 gross loss was approximately $3.1 million compared to $2.4 million in 2024.

Operating losses showed improvement, with the company expecting a fourth quarter 2025 operating loss of approximately $2.8 million versus $3.2 million in the third quarter. The full year 2025 operating loss was $11.6 million, down from $14.0 million in 2024.

Net loss from continuing operations for the fourth quarter 2025 was approximately $2.8 million, compared to $3.8 million in the third quarter. The full year 2025 net loss from continuing operations totaled approximately $13.1 million versus $15.5 million in 2024.

The company ended 2025 with $7.1 million in cash and equivalents and zero long-term debt after paying off its remaining senior secured debt during the year. Inventory increased to $4.3 million from $2.0 million at the end of the third quarter, reflecting harvest of the 2025 reduced nicotine content tobacco leaf crop.

All financial figures are preliminary and unaudited, subject to completion of year-end audit procedures.

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