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S&W Seed Company (SANW), founded in 1980 and headquartered in Longmont, Colorado, is a leading multi-crop, middle-market agricultural company. The company specializes in the breeding, production, and sale of alfalfa and sorghum seeds, with a growing presence in sunflower and pasture seeds. S&W is also actively involved in developing sustainable biofuel feedstocks through its partnership with Shell, focusing on camelina and other oilseed species.
S&W Seed Company offers a diverse portfolio of approximately 500 seed products, which are distributed in over 40 countries, including the United States, Australia, Saudi Arabia, Mexico, and South Africa. The company is renowned for its proprietary seed traits that enhance crop yield and resilience, especially in challenging climates. Among its notable products is the Double Team sorghum solutions, which has quickly gained popularity for its innovative weed control technology.
In fiscal 2023, S&W reported significant financial improvements, including a $14.3 million increase in Adjusted EBITDA and a GAAP gross margin of 19.8%. The company's strategic initiatives, such as the launch of the Double Team sorghum solutions and a new biofuels partnership with Shell, have positioned it for future growth.
Recent developments include the commercial launch of Double Team Forage Sorghum, which offers forage growers non-GMO, grassy weed control options. The company is also planning to introduce a Prussic Acid Free (PAF) trait in 2025, aimed at reducing prussic acid poisoning in grazing livestock.
S&W Seed Company is committed to driving innovation in the agricultural sector and supporting the global demand for healthier consumer diets and animal proteins. For more information, please visit www.swseedco.com.
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.
S&W Seed Company (Nasdaq: SANW) has received a notice from Nasdaq on October 17, 2024, regarding non-compliance with Listing Rule 5250(c)(1) due to failure to file its Annual Report on Form 10-K for the fiscal year ended June 30, 2024. The company has 60 days to submit a compliance plan to Nasdaq. Additionally, SANW implemented a 1-for-19 reverse stock split effective October 18, 2024, and must regain compliance with Nasdaq's $1.00 bid price requirement by November 11, 2024. The notice currently has no immediate effect on SANW's listing on the Nasdaq Capital Market.
S&W Seed Company (Nasdaq: SANW) has provided an update regarding the delay in filing its Annual Report on Form 10-K for the fiscal year ended June 30, 2024. The company is addressing reporting requirements related to the previously announced voluntary plan of administration for its wholly-owned subsidiary, S&W Seed Company Australia Pty , adopted on July 24, 2024.
Additionally, during year-end closing procedures, SANW identified that it had not prepared its fiscal year 2024 financial statements to include separate information for its reporting segments. The company is now analyzing the impacts of this change under ASC 250, Accounting Changes and Error Corrections, and is working to prepare all necessary segment disclosures.
S&W Seed Company aims to file its 10-K for the fiscal year ended June 30, 2024, and conduct a conference call as soon as possible.
S&W Seed Company (Nasdaq: SANW) has announced a delay in filing its Annual Report on Form 10-K for the fiscal year ended June 30, 2024. The company plans to file a Notification of Late Filing on Form 12b-25 due to the voluntary plan of administration (VA) adopted by its wholly-owned subsidiary, S&W Seed Company Australia Pty , on July 24, 2024.
The delay is attributed to the additional time required to complete and compile the necessary financial information related to the potential outcomes of the VA process and its impact on related disclosures throughout the Annual Report. S&W Seed Company anticipates filing its 10-K and conducting a conference call in early October 2024.
S&W Seed Company (Nasdaq: SANW) announced that CEO Mark Herrmann will participate in the Lytham Partners Spring 2024 Investor Conference on May 30, 2024. Herrmann will deliver a webcast presentation at 11:00am ET and host one-on-one meetings with investors throughout the day. The event will be held virtually, with the webcast accessible via the conference home page and available for replay. Investors interested in arranging one-on-one meetings can contact Lytham Partners or register through their website.
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