---
title: "22nd Century | 8-K: FY2026 Q1 Revenue: USD 4.105 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285526785.md"
datetime: "2026-05-07T10:11:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285526785.md)
  - [en](https://longbridge.com/en/news/285526785.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285526785.md)
---

# 22nd Century | 8-K: FY2026 Q1 Revenue: USD 4.105 M

Revenue: As of FY2026 Q1, the actual value is USD 4.105 M.

EPS: As of FY2026 Q1, the actual value is USD -5.07.

EBIT: As of FY2026 Q1, the actual value is USD -3.059 M.

#### Financial Results - First Quarter 2026 vs. First Quarter 2025

-   **Net Revenues**: Net revenues for the three months ended March 31, 2026, were $4.105 million, a decrease of - $1.851 million or -31.1% from $5.956 million in the first quarter of 2025.
-   **Gross Loss**: Gross loss was - $0.636 million in the first quarter of 2026, compared to - $0.609 million in the first quarter of 2025, representing a change of - $0.027 million or 4.4%.
-   **Operating Expenses**: Operating expenses for the first quarter of 2026 were $2.403 million, an increase from $1.961 million in the first quarter of 2025.
-   **Operating Loss from Continuing Operations**: The operating loss from continuing operations increased to - $3.039 million in the first quarter of 2026, from - $2.570 million in the first quarter of 2025, reflecting a change of - $0.469 million or 18.2%.
-   **Net Loss from Continuing Operations**: Net loss from continuing operations was - $3.019 million in the first quarter of 2026, an improvement from - $3.274 million in the first quarter of 2025, a change of $0.255 million or -7.8%.
-   **Adjusted EBITDA Loss**: Adjusted EBITDA loss was - $2.595 million in the first quarter of 2026, compared to - $2.320 million in the first quarter of 2025, an unfavorable change of - $0.275 million or -11.8%.

#### Segment Revenue - First Quarter 2026

-   **Cigarette Net Revenues**: Cigarette net revenues were $2.846 million, an increase from $2.6 million in the fourth quarter of 2025, reflecting a strategic shift towards higher-margin VLN® products. For the first quarter of 2025, cigarette net revenues were $5.013 million.
-   **Filtered Cigar Net Revenues**: Filtered cigar net revenues were $0.873 million, compared to $0.4 million in the fourth quarter of 2025, benefiting from Company-implemented repricing of customer contracts. For the first quarter of 2025, filtered cigar net revenues were $1.103 million.
-   **Distribution Net Revenues (Other Tobacco Products)**: Distribution net revenues from other tobacco products, including Pinnacle branded moist snuff and cigarillos, were $0.389 million, comparable to the fourth quarter of 2025. For the first quarter of 2025, these revenues were - $0.005 million.
-   **VLN® Cigarette Net Revenues**: VLN® cigarette net revenues were $0.0 million, following large initial stocking orders in the fourth quarter of 2025 which were offset by customer returns and product exchanges.

#### Balance Sheet and Cash

-   **Cash and Cash Equivalents**: 22nd Century Group, Inc. ended the first quarter of 2026 with cash and cash equivalents of $9.545 million, an increase from $7.149 million at December 31, 2025.
-   **Inventories**: Inventories totaled $4.346 million as of March 31, 2026, including reduced nicotine content tobacco leaf.
-   **Long-Term Debt**: The company reported zero long-term debt, having fully extinguished its remaining senior secured debt in 2025.

#### Outlook / Corporate Priorities 2026

22nd Century Group, Inc. (\[22 世纪集团\]) aims to expand VLN® product distribution and consumer awareness, continue disciplined cost management, and advance towards EBITDA breakeven as higher-margin revenues scale. The company expects to grow to more than 5,000 retail outlets by the end of 2026 by adding new retail partners. Additionally, 22nd Century Group, Inc. (\[22 世纪集团\]) plans to remain actively engaged with FDA regulators and public-health stakeholders.

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