---
title: "22nd Century preliminary Q4 revenue declines"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/276487022.md"
datetime: "2026-02-20T21:26:32.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276487022.md)
  - [en](https://longbridge.com/en/news/276487022.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276487022.md)
---

# 22nd Century preliminary Q4 revenue declines

)

Overview

-   Tobacco products company’s preliminary Q4 revenue declines yr/yr
-   Preliminary Q4 operating loss narrows compared to previous quarter
-   Company remains debt-free, with $7.1 mln cash at year end

Outlook

-   Company aims to expand VLN product distribution and consumer awareness in 2026
-   Company plans to advance toward profitability as higher-margin revenues scale

Result Drivers

-   STRATEGIC SHIFT - Co exited unprofitable high-volume revenue streams to improve financial footing, per CEO Larry Firestone
-   INVENTORY INCREASE - Co expanded inventory to $4.3 mln in Q4, reflecting reduced nicotine tobacco harvest

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Miss $3.60 $4.10

Revenue mln mln (1

Analyst)

### Q4 -$2.80

Operatin mln

g Income

Analyst Coverage

-   The one available analyst rating on the shares is “buy”
-   The average consensus recommendation for the tobacco peer group is “buy”
-   Wall Street’s median 12-month price target for 22nd Century Group Inc is $135.00, about 2,070.4% above its February 19 closing price of $6.22

Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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