22nd Century Group, Inc. income statement
In fiscal 2025, 22nd Century Group, Inc. reported revenue of $17.6m, down 27.9% on the year before, operating income of −$11.6m (a -65.8% margin) and net income of −$5.1m, or −$52.87 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 1 | 0 | 7 | 1 | 9 | 12 | 17 | 26 | 26 | 28 | 31 | 41 | 32 | 24 | 18 | 15 |
| Cost of revenue | — | — | 0 | 0 | 0 | 9 | 13 | 17 | 26 | 26 | — | — | — | — | 14 | 10 | 8 |
| Gross profit | — | — | −0 | 7 | 0 | −1 | −0 | −1 | 1 | 0 | — | — | — | — | 10 | 7 | 7 |
| Research and development | 0 | 2 | 1 | 1 | 1 | 2 | 2 | 3 | 15 | 8 | — | 4 | 4 | 3 | 1 | 1 | 1 |
| Selling, general and administrative | — | — | — | — | — | — | — | 8 | 9 | 13 | 15 | 26 | 32 | 31 | 10 | 8 | 8 |
| Selling and marketing | — | 0 | 0 | 0 | 0 | 1 | 2 | — | — | — | — | — | — | — | — | — | — |
| General and administrative | 1 | 2 | 2 | 4 | 9 | 8 | 6 | — | — | — | — | — | — | — | — | — | — |
| Operating income | −1 | −4 | −3 | 2 | −12 | −12 | −11 | −13 | −24 | −24 | −19 | −28 | −34 | −45 | −14 | −12 | −12 |
| Interest expense | — | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 2 | 1 | 1 |
| Income before tax | — | — | — | −26 | −16 | −11 | −12 | −13 | −8 | −27 | −20 | −33 | −37 | −55 | −15 | −13 | −13 |
| Income tax | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −0 | — |
| Net income | −1 | −1 | −7 | −26 | −16 | −11 | −12 | −13 | −8 | −27 | −20 | −33 | −60 | −141 | −15 | −5 | −4 |
| Diluted EPS | −$768487.50 | −$0.50 | −$2.20 | −$6.00 | −$2.60 | −$1.60 | −$1.50 | −$1.30 | −$419175.00 | −$2.10 | −$1.40 | −$2.10 | −$2165737.50 | −$5494466.55 | −$45711.05 | −$52.87 | — |
| Diluted shares (average) | 2m | 4m | 4m | 6m | 9m | 10m | 11m | 14m | 18m | 18m | 20m | 22m | 28m | 27m | — | — | — |
| EBITDA | −1 | −4 | −3 | 2 | −11 | −11 | −11 | −12 | −23 | −22 | −18 | −27 | −31 | −44 | −13 | −11 | −12 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,946 | 4,021 | 5,956 | 4,083 | 4,011 | 3,537 | 4,105 | 2,864 |
| Cost of revenue | 3,102 | 3,094 | 2,884 | 2,863 | 2,557 | 1,882 | 1,925 | 1,621 |
| Gross profit | 2,844 | 927 | 3,072 | 1,220 | 1,454 | 1,655 | 2,180 | 1,243 |
| Research and development | 240 | 218 | 162 | 227 | 193 | 105 | 285 | 295 |
| Selling, general and administrative | 2,547 | 2,473 | 1,799 | 2,119 | 1,849 | 1,825 | 2,118 | 2,703 |
| Operating income | −3,377 | −4,092 | −2,570 | −2,981 | −3,212 | −2,803 | −3,039 | −3,291 |
| Interest expense | 311 | 266 | 558 | 351 | 534 | 12 | 11 | 17 |
| Income before tax | −3,585 | −4,244 | −3,274 | −3,330 | −3,763 | −2,778 | −3,019 | −3,265 |
| Income tax | 1 | 3 | — | −34 | 0 | 6 | — | — |
| Net income | −3,757 | −4,556 | −4,328 | −3,407 | 5,489 | −2,808 | −3,261 | −3,346 |
| Diluted EPS | −$396058.50 | −$579061.65 | −$12576.45 | −$10170.15 | −$12.60 | −$140.76 | −$54.24 | −$104.00 |
| EBITDA | −3,234 | −3,956 | −2,449 | −2,859 | −3,089 | −2,690 | −2,926 | −3,175 |
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