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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 (Nasdaq: SANW), based in Longmont, Colorado, announced that CEO Mark Wong will participate in a panel discussion on "AG Biologicals and Gene Editing" at the 35th Annual ROTH Conference on March 13, 2023, at 1:30 PM PT. The event will be held at the Ritz Carlton Hotel in Dana Point, California. Management will also be available for meetings throughout the conference. S&W specializes in proprietary seed genetics, focusing on crops such as alfalfa and sorghum, and aims to meet the growing global demand for animal proteins and healthier diets. For further details, visit www.swseedco.com.
S&W Seed Company (Nasdaq: SANW) reported its Q2 2023 financial results, showing a revenue increase of 2% to $12.9 million, driven by U.S. sorghum and international alfalfa sales. The GAAP gross profit margin improved significantly to 21.3%, up 820 basis points year-over-year. Operating expenses decreased by $1.6 million to $9.0 million. The net loss narrowed to $(6.0) million, or $(0.14) per share, from $(9.8) million, or $(0.25) per share, a year earlier. S&W reiterated its FY 2023 revenue guidance of $80 to $92 million and adjusted EBITDA guidance of $(7.0) million to $(2.0) million. Additionally, S&W announced a joint venture with Shell for developing sustainable biofuel feedstocks.
S&W Seed Company (SANW) announced a joint venture with Shell to develop novel plant genetics for oil seed cover crops aimed at biofuel production. Named Vision Bioenergy Oilseeds LLC, the JV will leverage S&W's expertise in seed research and processing, particularly focusing on Camelina sativa and other oilseed species. The initiative is expected to begin grain production in late 2023, contributing to sustainable biofuel sources and reduced greenhouse gases. This partnership aims to enhance agricultural productivity and address climate change by providing scalable energy solutions.
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