22nd Century Group Reports Preliminary Q3 2026 Financial Results
22nd Century Group issued preliminary unaudited financial results for the third quarter ended September 30, 2026, reporting net revenues of approximately $4.8 million, a 66% increase versus $2.9 million in the second quarter of 2026, and gross profit of approximately $0.4 million, a swing from a $0.3 million gross loss in the prior quarter. The company expects a Q3 2026 operating loss of $2.6 million, net loss of $2.6 million, and adjusted EBITDA loss of $2.2 million, all narrower than the second quarter of 2026...
Key takeaways
Preliminary Q3 2026 net revenue: approximately $4.8 million, up 66% sequentially from $2.9 million in Q2 2026.
Gross profit turned positive at approximately $0.4 million, compared to a $0.3 million gross loss in Q2 2026.
Operating loss narrowed to $2.6 million from $3.3 million in Q2 2026, with operating expenses of $3.0 million.
Net loss was $2.6 million, narrowed from $3.3 million in Q2 2026.
Adjusted EBITDA loss was $2.2 million, improved from a $3.5 million loss in Q2 2026.
Cash and equivalents were $3.9 million at quarter end; common shares outstanding totaled 3,416,441 with no warrants outstanding.
Results are preliminary and unaudited and remain subject to management's final review and audit procedures.
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