Revenue: As of FY2026 Q1, the actual value is USD 4.105 M.EPS: As of FY2026 Q1, the actual value is USD -18.08.EBIT: As of FY2026 Q1, the actual value is USD -3.059 M.<h4>Segment Revenue</h4>22nd Century Group, Inc. operates as a single reportable segment, tobacco, deriving all its revenues from tobacco operations and products . For the three months ended March 31, 2026, net revenues decreased to $4,105, a 31.1% decrease from $5,956 in the prior year period, primarily due to shifts in product mix .Product Line Revenue Breakdown: Contract Manufacturing: Cigarettes: $2,846 in Q1 2026 compared to $5,013 in Q1 2025, a decrease primarily due to a strategic shift away from high volume and low-priced CMO export customers . Filtered Cigars: $873 in Q1 2026 compared to $1,103 in Q1 2025, reflecting lower volumes as the Company implemented repricing of customer contracts and shifted its product mix towards higher-margin branded cigarettes . Other Tobacco Products: $389 in Q1 2026 compared to -$5 in Q1 2025, including new moist snuff sales . VLN®: -$3 in Q1 2026 compared to -$155 in Q1 2025, reflecting minimal reorder activity and return accruals .<h4>Operational Metrics</h4><ul><li>Gross Loss: The gross loss for Q1 2026 was -$636, compared to -$609 in Q1 2025 . As a percentage of net revenues, gross loss was -15.5% in Q1 2026, compared to -10.2% in Q1 2025 .</li><li>Operating Expenses: Total operating expenses increased to $2,403 in Q1 2026 from $1,961 in Q1 2025 .<ul><li>Sales, General and Administrative (SG&amp;A): Increased to $2,118 in Q1 2026 from $1,799 in Q1 2025 . As a percentage of net revenues, SG&amp;A was 51.6% in Q1 2026, up from 30.2% in Q1 2025 .</li><li>Research and Development (R&amp;D): Increased to $285 in Q1 2026 from $162 in Q1 2025 . As a percentage of net revenues, R&amp;D was 7.0% in Q1 2026, up from 2.7% in Q1 2025 .</li></ul></li><li>Operating Loss from Continuing Operations: The operating loss was -$3,039 in Q1 2026, compared to -$2,570 in Q1 2025 . As a percentage of net revenues, operating loss was -74.0% in Q1 2026, compared to -43.1% in Q1 2025 .</li><li>Net Loss from Continuing Operations: The net loss from continuing operations was -$3,019 in Q1 2026, compared to -$3,274 in Q1 2025 . As a percentage of net revenues, net loss was -73.5% in Q1 2026, compared to -55.0% in Q1 2025 .</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Used in Operating Activities: Increased to -$3,103 in Q1 2026 from -$2,976 in Q1 2025 .</li><li>Net Cash Used in Investing Activities: Decreased to -$47 in Q1 2026 from -$59 in Q1 2025 .</li><li>Net Cash Provided by (Used in) Financing Activities: Increased to $5,546 provided in Q1 2026 from -$254 used in Q1 2025 .</li></ul><h4>Unique Metrics and Strategic Summary</h4><ul><li>Cash and Cash Equivalents: As of March 31, 2026, 22nd Century Group, Inc. had $9,545 in cash and cash equivalents .</li><li>Working Capital: Working capital from continuing operations increased to $13,164 as of March 31, 2026, from $10,359 at December 31, 2025 .</li><li>Strategic Shift: The company is strategically shifting away from high-volume, low-priced Contract Manufacturing Organization (CMO) export customers and towards higher-margin branded cigarettes, including natural styles, and VLN® cigarettes .</li><li>Capital Raises: In March 2026, the company closed an initial offering of Series B Convertible Preferred Stock for $16,000, using $9,650 of the net proceeds to repurchase all outstanding Series A Convertible Preferred Stock . The remaining balance of net proceeds from this offering was approximately $5,680 . The company also utilized an at-the-market (ATM) common equity offering program, selling 44,381 shares for gross proceeds of $200 in Q1 2026 .</li></ul><h4>Outlook and Guidance</h4>22nd Century Group, Inc. anticipates continued losses and negative cash flows, leading management to explore strategies such as expense reduction, financing through debt or equity, asset sales, and strategic partnerships . The company acknowledges substantial doubt regarding its ability to continue as a going concern for one year from the financial statement issuance date .

22nd Century | 10-Q: FY2026 Q1 Revenue: USD 4.105 M