22nd Century Q4 Revenue Drops to $3.5M, Expands VLN to 1,500 Stores
22nd Century Group reported Q4 net revenue of $3.5 million, down from $4 million a year earlier, and a net loss of $2.7 million, or $5.89 per share. It expanded Pinnacle VLN availability to 1,500 stores across 12 states, ended 2025 with $7.1 million cash and eliminated senior secured debt.
1. Q4 Financial Results
22nd Century Group generated fourth-quarter net revenue of $3.5 million, a 12.5% decline from $4 million in the prior-year period, and reported a net loss from continuing operations of $2.7 million, or $5.89 per basic and diluted share. Both operating loss and adjusted EBITDA loss narrowed compared with Q4 2024.
2. VLN Distribution Expansion
Management is shifting toward higher-margin proprietary branded products by expanding VLN commercial distribution. Pinnacle VLN availability increased to approximately 1,500 stores within a top-five convenience store chain across 12 states, alongside broader state authorizations for various VLN and partner-branded offerings.
3. Balance Sheet Strength and Debt Elimination
The company closed 2025 with $7.1 million in cash and $17.6 million in current assets against $7.2 million in current liabilities, reflecting a current ratio of roughly 2.42. During the year, 22nd Century extinguished its senior secured debt, enhancing its financial flexibility.