Company research
22nd Century Group, Inc.
CIK 1347858Updated Sep 27, 2026
SecurityXXII · NASDAQ · equity
Name history
Touchstone Mining LTD · through Nov 2, 2010
XXII price & chart
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22nd Century Group (Nasdaq: XXII) Ignites Major VLN® Retail Expansion in Metro New York and Northern New Jersey Under Pinnacle Brand ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 27,023,000Source | 21,673,000Source | 27,503,000Source | 114,651,000Source |
| Property, Plant and Equipment, NetUSD | 2,440,000Source | 2,773,000Source | 3,393,000Source | 13,093,000Source |
| GoodwillUSD | — | — | 0Source | 33,160,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 6,224,000Source | 5,724,000Source | 5,924,000Source | 16,853,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 7,149,000Source | 4,422,000Source | 2,058,000Source | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 3,594,000Source | 1,698,000Source | 1,671,000Source | 5,641,000Source |
| Inventory, NetUSD | 4,326,000Source | 2,015,000Source | 4,346,000Source | 10,008,000Source |
| Assets, CurrentUSD | 17,631,000Source | 11,522,000Source | 16,277,000Source | 44,605,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 2,562,000Source | 1,068,000Source | 1,180,000Source | 2,743,000Source |
| Operating Lease, Right-of-Use AssetUSD | 728,000Source | 1,639,000Source | 1,894,000Source | 2,675,000Source |
| Other Assets, NoncurrentUSD | — | 15,000Source | 15,000Source | 3,583,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 8,531,000Source | 17,661,000Source | 35,914,000Source | 18,676,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | — | — | — | 2,000Source |
| Additional Paid in CapitalUSD | 414,683,000Source | 397,883,000Source | 370,297,000Source | 333,898,000Source |
| Retained Earnings (Accumulated Deficit)USD | -398,925,000Source | -393,871,000Source | -378,707,000Source | -237,814,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | — | — | — | -111,000Source |
| Stockholders' Equity Attributable to ParentUSD | 15,758,000Source | 4,012,000Source | -8,410,000Source | 95,975,000Source |
| Liabilities and EquityUSD | 27,023,000Source | 21,673,000Source | 27,503,000Source | 114,651,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 7,272,000Source | 9,962,000Source | 25,034,000Source | 13,018,000Source |
| Operating Lease, Liability, CurrentUSD | 168,000Source | 261,000Source | 231,000Source | 681,000Source |
| Accounts Payable, CurrentUSD | 1,000,000Source | 2,401,000Source | 4,445,000Source | 4,168,000Source |
| Operating Lease, Liability, NoncurrentUSD | 601,000Source | 1,437,000Source | 1,698,000Source | 2,141,000Source |
| Other Liabilities, NoncurrentUSD | 154,000Source | — | 1,123,000Source | 516,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | — | 1,021,000Source | 1,322,000Source | 1,428,000Source |
| Deferred Tax Liabilities, NetUSD | 80,000Source | 73,000Source | — | — |
| Long-term DebtUSD | 708,000Source | 6,665,000Source | 13,906,000Source | 3,909,000Source |
| Long-term Debt, Current MaturitiesUSD | — | 1,500,000Source | 5,848,000Source | — |
| Long-term Debt, Excluding Current MaturitiesUSD | — | 5,165,000Source | 8,058,000Source | — |
| Short-term InvestmentsUSD | — | — | — | 18,193,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -5,054,000Source | -15,164,000Source | -140,775,000Source | -59,801,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | 2,858,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 421,000Source | 380,000Source | 2,679,000Source | 5,489,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 1,883,000Source | 30,000Source | 18,000Source | 2,881,000Source |
| Increase (Decrease) in InventoriesUSD | 2,050,000Source | -6,705,000Source | 5,925,000Source | 8,789,000Source |
| Increase (Decrease) in Accounts PayableUSD | -2,656,000Source | -1,169,000Source | 4,752,000Source | 416,000Source |
| Deferred Income Tax Expense (Benefit)USD | 7,000Source | 8,000Source | 434,000Source | -434,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -7,723,000Source | -14,345,000Source | -54,987,000Source | -51,714,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | 254,000Source | 1,297,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -505,000Source | -139,000Source | 16,816,000Source | 22,578,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 61,000Source | 141,000Source | 4,656,000Source | 3,657,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | 1,000Source | 420,000Source | 149,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 10,955,000Source | 16,848,000Source | 37,209,000Source | 30,820,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | — | — | -29,000Source |
| Repayments of Long-term DebtUSD | 4,308,000Source | 1,302,000Source | 9,700,000Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 2,727,000Source | 2,364,000Source | -962,000Source | 1,684,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 7,149,000Source | 4,422,000Source | 2,058,000Source | 3,020,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 241,000Source | 722,000Source | 1,313,000Source | 34,000Source |
| Income Taxes Paid, NetUSD | -35,000Source | 22,000Source | 40,000Source | 14,000Source |
| Additional Financial Items | ||||
| AmortizationUSD | 433,000Source | — | — | — |
| Amortization of Debt Issuance Costs and DiscountsUSD | -495,000Source | -1,174,000Source | -2,087,000Source | — |
| Amortization of Intangible AssetsUSD | 433,000Source | 418,000Source | 655,000Source | 680,000Source |
| Deferred Other Tax Expense (Benefit)USD | — | 3,266,000Source | 12,094,000Source | 15,873,000Source |
| DepreciationUSD | 479,000Source | 585,000Source | 852,000Source | 2,178,000Source |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of TaxUSD | — | — | -58,521,000Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | -62,000Source | 111,000Source | 368,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | -5,158,000Source | -5,158,000Source | — |
| GoodwillUSD | — | — | 0Source | 33,160,000Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 150,000Source | 68,000Source | 1,375,000Source | 1,488,000Source |
| Impairment of Intangible Assets, Finite-livedUSD | 111,000Source | 68,000Source | 552,000Source | — |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)USD | — | — | — | 1,488,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -13,117,000Source | -15,495,000Source | -54,686,000Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 8,063,000Source | 331,000Source | -86,089,000Source | — |
| Income Tax Expense (Benefit)USD | -28,000Source | 30,000Source | 47,000Source | -434,000Source |
| InterestExpenseNonoperatingUSD | 1,455,000Source | 2,094,000Source | — | — |
| Inventory Write-downUSD | -261,000Source | -4,374,000Source | — | 237,000Source |
| Net Income (Loss) Attributable to ParentUSD | -5,054,000Source | -15,164,000Source | -140,775,000Source | -59,801,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -9,733,000Source | -25,467,000Source | -150,767,000Source | — |
| Nonoperating Income (Expense)USD | -1,579,000Source | -1,515,000Source | -9,708,000Source | -3,129,000Source |
| Operating ExpensesUSD | 8,429,000Source | 11,550,000Source | 36,235,000Source | 58,280,000Source |
| Operating Lease, ExpenseUSD | 339,000Source | 419,000Source | 475,000Source | 891,000Source |
| Other Nonoperating Income (Expense)USD | -207,000Source | 507,000Source | 334,000Source | 71,000Source |
| Other Operating Income (Expense), NetUSD | -150,000Source | -130,000Source | -2,527,000Source | — |
| Proceeds from Issuance of Common StockUSD | — | — | — | 35,000,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | 16,849,000Source | — |
| Proceeds from Stock Options ExercisedUSD | — | — | — | 174,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 17,587,000Source | 24,382,000Source | — | — |
| Unrealized Gain (Loss) on InvestmentsUSD | — | — | — | -5,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | — | — | 32,204,000Source | 62,111,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 7,591,000Source | 10,287,000Source | 31,064,000Source | 44,517,000Source |
| Operating Income (Loss)USD | -11,566,000Source | -13,950,000Source | -44,931,000Source | -57,106,000Source |
| Other Nonoperating Income (Expense)USD | -207,000Source | 507,000Source | 334,000Source | 71,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -13,145,000Source | -15,465,000Source | -54,639,000Source | -60,235,000Source |
| Income Tax Expense (Benefit)USD | -28,000Source | 30,000Source | 47,000Source | -434,000Source |
| Net Income (Loss) Attributable to ParentUSD | -5,054,000Source | -15,164,000Source | -140,775,000Source | -59,801,000Source |
| Earnings Per Share, BasicUSD per share | -52.87Source | -173.97Source | -7.28Source | -0.31Source |
| Earnings Per Share, DilutedUSD per share | -52.87Source | -175.99Source | -7.28Source | -0.31Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 184,067Source | 146,392Source | 20,711,000Source | 192,837,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 184,067Source | 1,389,983Source | 20,711,000Source | 192,837,000Source |
| Interest Expense (non-operating)USD | 1,455,000Source | 2,094,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 433,000Source | 418,000Source | 655,000Source | 680,000Source |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and AmortizationUSD | — | 14,278,000Source | 40,900,000Source | 60,937,000Source |
| Current Income Tax Expense (Benefit)USD | — | 22,000Source | 40,000Source | 14,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -13,117,000Source | -15,495,000Source | -54,686,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -13,145,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -71.26Source | -105.85Source | -2.64Source | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -71.26Source | -105.85Source | -2.64Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 8,063,000Source | 331,000Source | -86,089,000Source | — |
| Interest ExpenseUSD | — | — | 9,366,000Source | 353,000Source |
| Investment Income, NetUSD | 83,000Source | 72,000Source | 219,000Source | 313,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -9,733,000Source | -25,467,000Source | -150,767,000Source | — |
| Nonoperating Income (Expense)USD | -1,579,000Source | -1,515,000Source | -9,708,000Source | -3,129,000Source |
| Operating ExpensesUSD | 8,429,000Source | 11,550,000Source | 36,235,000Source | 58,280,000Source |
| Operating Lease, ExpenseUSD | 339,000Source | 419,000Source | 475,000Source | 891,000Source |
| Other Cost and Expense, OperatingUSD | — | — | — | 7,202,000Source |
| Other General ExpenseUSD | — | — | — | 7,202,000Source |
| Other Operating Income (Expense), NetUSD | -150,000Source | -130,000Source | -2,527,000Source | — |
| Research and Development ExpenseUSD | 688,000Source | 1,133,000Source | 2,644,000Source | 6,561,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 17,587,000Source | 24,382,000Source | — | — |
Filing attachments
ex99-1.htm · 8-K · 2026-09-01
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 22nd Century CEO & Chairman Larry Firestone: Improved Gross Margin, ~5,000 Retail Outlets and >$50B Market Opportunity Highlight Mid-Year Stockholder Letter VLN® Category Leader Accelerates 2H 2026 Growth Phase as Same-Store Sales Climb 22nd Century Accelerates 2H 2026 Commercial Execution MOCKSVILLE, N.C., September 1, 2026 - 22nd Century Group, Inc. (Nasdaq: XXII), the leader in low-nicotine tobacco, low-nicotine cigarettes and the only tobacco…
Read attachment ↗ex99-1.htm · 8-K · 2026-08-13
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 22nd Century Group Reports Second Quarter 2026 Financial Results Advances VLN® Commercialization Through Expanded Retail Support and Brand-Building Initiatives MOCKSVILLE, N.C., August 13, 2026 - 22nd Century Group, Inc. (Nasdaq: XXII), the leader in low-nicotine tobacco, low-nicotine cigarettes and only tobacco products company focused on reducing the harms of smoking through nicotine reduction, today announced results for the second quarter ende…
Read attachment ↗ex4-1.htm · 8-K/A · 2026-06-09
EX-4.1 3 ex4-1.htm EX-4.1 Exhibit 4.1 NEITHER THIS SECURITY NOR THE SECURITIES FOR WHICH THIS SECURITY IS EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE …
Read attachment ↗ex4-1.htm · 8-K · 2026-06-09
EX-4.1 3 ex4-1.htm EX-4.1 Exhibit 4.1 NEITHER THIS SECURITY NOR THE SECURITIES FOR WHICH THIS SECURITY IS EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE …
Read attachment ↗ex99-1.htm · 8-K · 2026-05-07
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 22nd Century Group Reports First Quarter 2026 Financial Results Continues VLN ® Commercial Expansion with New Stores Selling Proprietary Branded VLN ® Products Expanded PMTA Portfolio and Licensing Strategy Designed to Unlock Further Retail Penetration Opportunities MOCKSVILLE, N.C., May 7, 2026 - 22nd Century Group, Inc. (Nasdaq: XXII), the only tobacco products company focused on reducing the harms of smoking through nicotine reduction, today a…
Read attachment ↗ex99-1.htm · 8-K · 2026-03-26
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 22nd Century Group Reports Fourth Quarter and Full Year 2025 Financial Results VLN ® Commercial Expansion Drives Continued Shift Toward Higher Margin Proprietary Branded Products Expanding VLN ® Store Counts and State Authorizations Increase Availability of Smoking Harm Reduction Products MOCKSVILLE, N.C., March 26, 2026 - 22nd Century Group, Inc. (Nasdaq: XXII), the only tobacco products company focused on reducing the harms of smoking through n…
Read attachment ↗