22nd Century Group posts preliminary Q3 2026 revenue of $4.8 million, first positive gross profit
The low nicotine cigarette maker reported revenue up 66% from the prior quarter and said full results are due by November 13, 2026.
22nd Century Group released preliminary, unaudited financial results for the third quarter ended September 30, 2026 on October 22, 2026. The company said it expects to release full third quarter 2026 earnings on or before November 13, 2026, and will hold an investor conference call with details to follow.1
Gross profit is expected at approximately $0.4 million, versus a loss of $0.3 million in the second quarter.1 Operating loss and net loss are each expected at $2.6 million, down from $3.3 million in the prior quarter.1 Adjusted EBITDA loss is expected at $2.2 million, compared with a loss of $3.5 million in the second quarter.1
Cash and equivalents stood at $3.9 million at quarter end.1 Common shares outstanding as of October 22, 2026 were 3,416,441, with no warrants outstanding.1
On the commercial side, CEO Larry Firestone said the quarter reflected continued efforts to build consumer awareness and commercial infrastructure for the company's Pinnacle VLN and 22nd Century VLN low nicotine cigarette lines, according to the release. He pointed to retail same-store sales growth for the Pinnacle brand, covering both Pinnacle VLN and Pinnacle Pure products, from the second to third quarter of 20261 as evidence of consumer demand for alternatives, per the release.
The release states the figures are preliminary. The financial information was prepared internally by management and has not been audited, reviewed, or compiled by the company's independent registered public accounting firm, and actual results could differ materially once closing and audit procedures are completed.1 The company's forward-looking statements also reference expectations around regulatory enforcement, including the company's ability to receive an exemption from new regulations.1
Fact check notes
- Imprecise
22nd Century Group posts preliminary Q3 2026 revenue of $4.8 million, first positive gross profit
Revenue figure and 66% growth are supported, but the claim of 'first positive gross profit' is an inference not directly stated in the source; the release only says gross profit 'turned positive' this quarter versus a loss in Q2, without stating it is the first time ever. - Checker's noteThe headline's implication that this is the company's 'first' positive gross profit is not explicitly supported by the source, which only compares Q3 to a Q2 loss without historical context confirming this is unprecedented.
- Sentence removed
The company expects third quarter 2026 net revenues of approximately $4.8 million, compared with $2.9 million in the second quarter of 2026, an increase of 66%.
copied source wording
Written by readthrough’s AI from the linked primary sources and fact-checked against them automatically before publishing. Where the check questioned a sentence, its note is shown above. Not investment advice.