22nd Century Prelim Q3: Revenue Up 66% to $4.8M, Gross Profit Turns Positive
Summary
22nd Century's preliminary Q3 2026 results show revenue up 66% to about $4.8 million and gross profit turning positive at roughly $0.4 million, with the net loss narrowing to $2.6 million. Cash of $3.9 million remains thin and the figures are unaudited.
Key Events · Earnings and Guidance · XXII
-
Q3 Revenue Jumps 66% Sequentially
Preliminary Q3 2026 net revenue of approximately $4.8 million versus $2.9 million in Q2 2026.
-
Gross Profit Turns Positive
Preliminary gross profit of approximately $0.4 million versus a $(0.3) million loss in Q2 2026; operating expenses held at $3.0 million.
-
Losses Narrow on Lower EBITDA Burn
Net loss of $2.6 million versus $3.3 million in Q2, and adjusted EBITDA loss of $2.2 million versus $3.5 million.
-
Cash of $3.9M at Quarter End
Cash and equivalents were $3.9 million at September 30, 2026, a thin runway for a company that previously disclosed going concern doubt.
Analysis · XXII · Manufacturing
The company just showed the first real inflection in its turnaround: revenue jumped 66% sequentially to about $4.8 million and gross profit flipped positive at roughly $0.4 million after a $(0.3) million loss in Q2. Net loss narrowed to $2.6 million from $3.3 million and adjusted EBITDA loss improved to $2.2 million from $3.5 million. Against a backdrop where the last 10-Q reiterated going concern doubt, the swing matters because it shows the shift away from low-priced export customers is starting to pay off on the top line. The offset is liquidity: $3.9 million of cash at quarter end is thin, and the company has already leaned on dilutive ATM capacity this year. The filing also confirms 3,416,441 shares outstanding and no warrants remaining, which removes a prior overhang. These are preliminary, unaudited numbers subject to change, with final Q3 earnings due on or before November 13, 2026.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 29.4% of the 1539 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.45%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, XXII was trading at $0.34 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $245.3K. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.