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), 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.
S&W Seed Company (NASDAQ: SANW) will announce its financial results for Q2 FY2023, which ended on December 31, 2022, on February 13, 2023, before market opening. A conference call will follow at 11:00 AM ET to discuss these results. Founded in 1980, S&W is a global leader in seed genetics, particularly in proprietary alfalfa and sorghum. The company aims to support the increasing global demand for animal proteins and healthier diets. Investors can access the call via telephone or live webcast, with replays available afterward for a limited time.
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