Welcome to our dedicated page for S&W Seed Co news (Ticker: SANW), a resource for investors and traders seeking the latest updates and insights on S&W Seed Co stock.
S&W Seed Co (SANW) delivers essential agricultural innovations through proprietary seed technologies and global distribution. This news hub provides investors and industry professionals with direct access to official updates spanning financial results, product launches, and strategic partnerships.
Track the latest developments in sorghum trait advancements, alfalfa breeding programs, and international market expansions. Our curated collection includes earnings reports, operational milestones, and R&D breakthroughs – all sourced directly from the company.
Key updates cover crop technology patents, sustainability initiatives, and production capacity changes. Bookmark this page for streamlined monitoring of SANW's progress in developing high-performance seeds for global agriculture markets.
S&W Seed Company (Nasdaq: SANW) reported its financial results for Q2 Fiscal 2025, ending December 31, 2024. The company has refocused on its core Americas-based operations, driven by its Double Team sorghum solutions, following the completion of the Voluntary Administration process for S&W Australia.
Key financial highlights include:
- Revenue of $5.1 million, a 38.5% decrease from Q2 Fiscal 2024.
- Gross profit margin decreased to 37.1% from 42.8% in Q2 Fiscal 2024.
- GAAP operating expenses increased to $6.2 million from $5.7 million in Q2 Fiscal 2024.
- Net loss from continuing operations was ($6.3) million, or ($2.73) per share, compared to ($3.8) million, or ($1.66) per share, in Q2 Fiscal 2024.
- GAAP net loss was ($1.7) million, or ($0.72) per share, compared to ($6.5) million, or ($2.85) per share, in Q2 Fiscal 2024.
- Adjusted EBITDA was ($2.9) million, compared to ($1.1) million in Q2 Fiscal 2024.
The company closed a new $25.0 million credit facility and implemented an operating optimization plan to drive near-term profitability. S&W also commenced a process to explore strategic alternatives to enhance shareholder value.
For fiscal 2025, S&W expects revenue between $34.5 million and $38.0 million and adjusted EBITDA between ($5.0) million and ($3.0) million.
S&W Seed Company (SANW) has announced it will release its second quarter fiscal year 2025 financial results on Thursday, February 13, 2025, before market open. The company will host a conference call the same day at 11:00 a.m. ET to discuss the results for the period ended December 31, 2024.
Investors can join the call by dialing (844) 861-5498 or (412) 317-6580, or listen via webcast through the company's website. A replay will be available for seven days via telephone and for 30 days via webcast.
S&W Seed Company (Nasdaq: SANW) announced that its Board of Directors is initiating a strategic alternatives review process to enhance shareholder value. The company will explore various options, including a potential sale of the company, merger with a strategic partner, recapitalization, or continuation of its current business plan.
Over the past year, S&W Seed has implemented significant changes, including divesting its Australian subsidiary to focus on US-based sorghum and alfalfa operations. The company's core assets include a high-margin sorghum trait portfolio featuring Double Team and an investment in the VBO Camelina biofuel joint-venture with Shell.
The Board has not established a timeline for the review process and has engaged Rabobank Securities Inc. as financial advisor and Cooley LLP as legal counsel. The company notes that there is no guarantee the review will result in any transaction or strategic outcome.
S&W Seed Company (SANW) has secured a new $25 million revolving credit agreement with ABL OPCO (Mountain Ridge), replacing their existing CIBC Bank USA facility. The company's largest shareholder, MFP Partners L.P., provided a $13 million letter of credit as collateral support.
The company has recently implemented strategic initiatives focusing on core U.S.-based operations, particularly their high-margin sorghum trait portfolio with Double Team, while optimizing cost structure for near-term profitability. Additionally, S&W repurchased 200,000 shares directly from MFP in a private transaction, and granted MFP rights to designate a non-voting board observer.
S&W Seed Company (SANW) has filed its Q1 FY2025 10-Q, reporting total revenue of $8.3 million, down from $10.8 million in Q1 FY2024. The company reported a gross profit margin of 16.1%, decreased from 25.3% year-over-year. GAAP net loss widened to ($16.2 million), or ($7.11) per share. The company has finalized its voluntary administration process for S&W Australia and maintains its FY2025 guidance with revenue expected between $34.5-$38.0 million and adjusted EBITDA between ($5.0) million to ($3.0) million.
S&W Seed Company (SANW) has completed the voluntary administration process for its Australian subsidiary. The company transferred 100% of S&W Australia shares to Avior Asset Management No. 3 Pty , effective November 22, 2024. As part of the settlement, S&W will transfer white clover and alfalfa intellectual property, provide inventory, repay insurance proceeds, and offer transitional support. The company has been released from a AUD $15.0 million guarantee with National Australia Bank Moving forward, S&W will focus exclusively on U.S.-based operations, particularly its high-margin Double Team sorghum solutions and biofuels joint venture with Shell.
S&W Seed Company (Nasdaq: SANW) announced preliminary financial results for Q1 FY2025. Revenue is expected to be $8.3 million, a 22.8% decrease from Q1 FY2024. Gross profit margin is projected at 16.1%, down from 25.3%. Adjusted EBITDA is expected to be ($3.1) million compared to ($1.7) million in Q1 FY2024. The company provided FY2025 guidance with revenue projected between $34.5 to $38 million and adjusted EBITDA between ($5.0) million to ($3.0) million. The Voluntary Administration process for S&W Australia is expected to conclude this month, with the company focusing on its Americas-based operations, particularly its Double Team sorghum solutions.
S&W Seed Company (Nasdaq: SANW) has announced it will release its first quarter fiscal year 2025 financial results on Tuesday, November 19, 2024, before market open. The company will host a conference call the same day at 11:00 a.m. ET to discuss the results. Investors can join via phone at (844) 861-5498 or (412) 317-6580, or through a webcast available on the company's investor relations website. A replay will be accessible for seven days by phone and 30 days via webcast.
S&W Seed Company (SANW) reported fiscal 2024 financial results with revenue of $60.4 million, down 17.8% from fiscal 2023. Double Team™ sorghum revenue increased 68.1% to $10.9 million. Gross profit margin improved to 26.2% from 19.8%, with gross profit dollars increasing to $15.8 million. The company reported a GAAP net loss of ($30.1) million or ($13.21) per share. Key developments include S&W Australia entering Voluntary Administration in July 2024 and implementing a 1-for-19 reverse stock split in October 2024 to maintain Nasdaq listing compliance.
S&W Seed Company (Nasdaq: SANW) has announced it will release its fourth quarter and fiscal year 2024 financial results on Friday, November 1, 2024, before market open. The company will host a conference call at 11:00 a.m. ET (8:00 a.m. PT) on the same day to discuss the results. Investors can join via phone or webcast, with replay options available for seven days via phone and 30 days via webcast on the company's website.
