22nd Century Group, Inc.

22nd Century Group, Inc. reported FY 2025 net revenues of $17.6M, a 27.9% decrease from $24.4M in FY 2024. The company recorded a gross loss of $3.1M (17.8% of revenues) compared to a $2.4M gross loss (9.8% of revenues) in the prior year. Operating loss from continuing operations was $11.6M, an improvement from $14.0M in FY 2024. Net loss from continuing operations was $13.1M, with a basic loss per share of $71.26. The company ended the year with $7.1M in cash and cash equivalents and total assets of $27.0M. Key developments include the FDA's January 2025 proposed rule mandating reduced nicotine content in combustible cigarettes, which positions the company's VLN® cigarettes as the only FDA-authorized product meeting the proposed standard. The company also strengthened its balance sheet through equity offerings and debt reduction.

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