22nd Century Group, Inc. (Nasdaq: XXII) filed a Current Report on Form 8-K on October 22, 2026, disclosing preliminary and unaudited financial results for the third quarter ended September 30, 2026. The company reported a significant increase in net revenue for the period, with preliminary figures showing net revenues of approximately $4.8 million. This represents a 66% increase compared to the $2.9 million reported in the second quarter of 2026.
In addition to top-line growth, the company reported that its gross profit turned positive for the third quarter. Preliminary gross profit is expected to be approximately $0.4 million, compared to a gross loss of $(0.3) million in the prior quarter. Despite this improvement, the company continues to operate at a loss. Preliminary operating expenses are expected to remain consistent with the second quarter at $3.0 million, resulting in an estimated operating loss of $2.6 million. The company also anticipates a net loss of $2.6 million and an adjusted EBITDA loss of $2.2 million for the third quarter.
As of October 22, 2026, the company reported 3,416,441 common shares outstanding and $3.9 million in cash and equivalents. The company stated that it anticipates releasing its third quarter 2026 earnings on or before November 13, 2026, and will host a conference call for investors and analysts.
