22nd Century Group, Inc (XXII) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to 22nd Century Group's fourth quarter and full year 2025 conference call and webcast. At this time, all participants have been placed in a listen-only mode. It is now my pleasure to turn the floor over to Matt Kreps, Investor Relations for 22nd Century Group. Please go ahead. Thank you. Hello and welcome to 22nd Century's fourth quarter and full year 2025 results conference call. Joining me today are Larry Firestone, CEO, and Dan Otto, CFO. Earlier today, we issued a press release announcing our results for the quarter and year ended December 31, 2025. The earnings release and 10-K are available in the investor section of our website at xxiicentury.com. Today's call will include prepared remarks from Larry and Dan, updating you on 22nd Century's business, operations, strategy, and financial results through December 31, 2025, and subsequent events post the close of quarter ends. Before we begin, a few reminders for today's call. Some of the statements made today are forward-looking. Forward-looking statements are subject to risks, uncertainties, and other factors that may cause actual results to differ materially from those contemplated by these statements. Additional information regarding these factors can be found in our annual, quarterly, and other reports filed with the SEC. During today's call, we may also discuss non-GAAP financial measures, including adjusted EBITDA, which we define as earnings before interest, taxes, depreciation, and amortization as adjusted for certain non-cash or non-operating expenses. For more details on these measures, please refer to our earnings release issued earlier today. And with that, I'll now turn the call over to Larry. Thank you, Matt. Good morning, everyone, and thank you for joining 22nd Century's Fourth Quarter 2025...