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.<h4>Financial Results - First Quarter 2026 vs. First Quarter 2025</h4><ul><li>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. </li><li>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%. </li><li>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. </li><li>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%. </li><li>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%. </li><li>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%. </li></ul><h4>Segment Revenue - First Quarter 2026</h4><ul><li>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. </li><li>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. </li><li>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. </li><li>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. </li></ul><h4>Balance Sheet and Cash</h4><ul><li>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. </li><li>Inventories: Inventories totaled $4.346 million as of March 31, 2026, including reduced nicotine content tobacco leaf. </li><li>Long-Term Debt: The company reported zero long-term debt, having fully extinguished its remaining senior secured debt in 2025. </li></ul><h4>Outlook / Corporate Priorities 2026</h4>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.

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