22nd Century Group Inc. reported its financial results for the first quarter of 2025, showing a net revenue of $5.956 million, a decrease from $6.469 million in the same period of 2024. Despite this decline in revenue, the company reported improvements in its financial performance. The net loss from continuing operations was reduced to $3.274 million, down from $5.450 million in the previous year, marking a 39.9% improvement. Operating loss also decreased to $2.570 million from $4.434 million, a 42.0% reduction. The company's adjusted EBITDA showed a loss of $2.319 million, which is an improvement from the $3.500 million loss recorded in the same quarter of the previous year, reflecting a 33.8% positive change. In terms of product lines, there was a notable increase in cigarette sales, with carton sales rising from 91 to 319, resulting in a revenue increase from $2.253 million to $5.013 million. The company ended the first quarter with a net debt of $3.4 million, and subsequent to the quarter end, it further reduced its debt to approximately $3.9 million, achieving a year-to-date debt reduction of $3.7 million. This was accomplished while still funding its working capital needs for inventory and receivables. Recent business highlights include the implementation of a new VLN® logo, packaging, and marketing plan for the relaunch of the company's branded products. Additionally, the company expanded its reduced nicotine content category for adult smokers by launching VLN® Red, joining the existing VLN® Gold and Green products.