Cigarette maker 22nd Century Q3 net income rises due to insurance settlement

22nd Century

04/11/2025 11:09

Overview

22nd Century Q3 revenue missed analyst expectations, net income boosted by insurance settlement

Company reports zero long-term debt, improved financial position

Company shifts focus to branded products, expanding VLN availability

Outlook

22nd Century Group emphasizes expansion of VLN products into more states and stores

Company highlights strategic shift to branded products with VLN technology

22nd Century Group reports improved financial position with no outstanding debt

Result Drivers

BRANDED PRODUCTS STRATEGY - Co is pivoting to a branded products strategy, increasing store count and distribution agreements for VLN products

FINANCIAL POSITION - Co improved financial position with no long-term debt and $9.5 mln insurance settlement

MARKET EXPANSION - Co expands market access and state authorizations for VLN products

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$4.01 mln
$8.28 mln (1 Analyst)
Q3 Adjusted EBITDA
-$2.88 mln
Q3 Operating Income
-$3.21 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the tobacco peer group is "buy"

Wall Street's median 12-month price target for 22nd Century Group Inc is $7.00, about 77.9% above its November 3 closing price of $1.55

Press Release: ID:nGNX4TtQVF

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)