Every 10-Q that 22nd Century Group Inc. (XXII) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow XXII and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full XXII filings page.
22nd Century Group, Inc. reported continuing-operations revenues of $2.864 million for the quarter ended June 30, 2026, down 29.9% from $4.083 million a year earlier, and $6.970 million for the first six months, down 30.6%. Contract manufacturing of cigarettes and filtered cigars remains the main revenue source, with a high concentration in a few customers (Customer A accounted for 70.23% of second‑quarter revenue).
The company generated a quarterly gross loss of $0.293 million and a six‑month gross loss of $0.927 million, modestly improved versus 2025 due to manufacturing cost savings and a $692 excise‑tax recovery, partly offset by $196 of aged inventory write‑offs. Operating loss from continuing operations was $3.291 million for the quarter and $6.329 million year‑to‑date, with higher SG&A and R&D outpacing reduced interest expense.
Net loss was $6.607 million for the first six months, but net loss available to common shareholders was much larger at $32.527 million after $18.134 million of deemed dividends and preferred‑stock redemption dividends. Cash and cash equivalents were $6.058 million at June 30, 2026, with $7.092 million of operating cash burn in six months and an accumulated deficit of $405.532 million. Management states there is substantial doubt about the company’s ability to continue as a going concern over the next year. A July 1, 2026 notice from Smoker Friendly will end a major manufacturing agreement after 180 days and is expected to trigger a $300 impairment in the third quarter.
22nd Century Group, Inc. reported a first‑quarter 2026 net loss of $3.3 million, compared with a $4.3 million loss a year earlier. Revenue from tobacco products fell to $4.1 million from $6.0 million, mainly due to lower contract manufacturing volumes, while gross margin remained negative.
Operating expenses increased to $2.4 million, widening the operating loss from continuing operations to $3.0 million. The company closed a $16.0 million Series B convertible preferred stock and warrant financing, using $9.7 million to redeem Series A preferred. Despite ending the quarter with $9.5 million in cash and higher working capital, management states there is substantial doubt about the company’s ability to continue as a going concern without additional capital or major cost reductions.
22nd Century Group (NASDAQ: XXII) reported Q3 2025 revenue of $4.0 million, down from $5.9 million a year ago. The quarter showed a gross loss of $1.1 million and an operating loss of $3.2 million. After other expense, loss from continuing operations was $3.8 million. The company recorded net income of $5.5 million, primarily due to $9.3 million of income from discontinued operations.
For the nine months, revenue was $14.1 million versus $20.4 million last year, with a $10.3 million loss from continuing operations and a $2.2 million net loss overall. Operating cash outflow was $10.5 million, and cash stood at $4.8 million at quarter-end. Management stated there is substantial doubt about the company’s ability to continue as a going concern.
On the balance sheet, total assets were $32.4 million and shareholders’ equity $18.4 million. The company fully repaid and terminated its Senior Secured Credit Facility on September 18, 2025, including $3.79 million of principal paid between August 29 and September 18, a $28 thousand prepayment penalty, and $416 thousand extinguishment charges, leaving no long‑term debt. Mezzanine equity included Series A preferred of $2.7 million. As of October 31, 2025, common shares outstanding were 6,987,290.