22nd Century Group Inc. $(XXII)$ has released its Q2 2025 financial results, reporting a significant decline in revenue and an increased operating loss. The company's revenue for the quarter was $4.1 million, down 49% from $7.9 million in Q2 2024 and a 31% decrease from $6.0 million in Q1 2025. The gross loss remained stable at $(0.6) million, consistent with the previous quarter. However, the operating loss increased to $(3.0) million from $(2.6) million in Q1 2025, primarily due to higher spending on VLN® promotions. EBITDA was reported at $(2.8) million, compared to $(2.5) million in the previous quarter. The company has made strides in reducing its net debt, which fell significantly to $0.7 million from $3.3 million in Q4 2024, following a warrant exercise that generated $5.1 million in proceeds. This financial maneuver is expected to provide sufficient cash to fund operations through the end of 2025. Looking ahead, new management has revised the timeline for achieving EBITDA breakeven to Q2 2026, previously anticipated by Q4 2025. They project substantial revenue growth in the coming years, with expectations of a 127% increase in 2026, followed by 68% in 2027, and 39% in 2028, driven by VLN® market penetration in the $12 billion tobacco market. The VLN® cigarettes have begun shipping following state registrations, with management noting that only 223,000 cartons (5% of production capacity) are required to reach breakeven profitability.