S&W Seed Co Stock Price, News & Analysis

S&W Seed Company (NASDAQ: SANW) reported Q1 2023 revenue of $19.9 million, reflecting a 28% increase from Q1 2022, aided by strong international and U.S. forage sales. The GAAP gross profit margin improved to 22.7%, an increase of 260 basis points. Operating expenses fell by $1 million to $7.9 million. Although the company recorded a net loss of $(4.5 million), it shows improvement from $(6.4 million) a year prior. S&W reaffirmed its fiscal 2023 revenue guidance of $80 to $92 million.

S&W Seed Company (Nasdaq: SANW) will announce its financial results for the first quarter of fiscal year 2023, which ended on September 30, 2022, on November 14, 2022, prior to market opening. A conference call is scheduled for the same day at 11:00 AM ET to discuss these results. Preliminary results were shared on October 25, 2022, indicating expectations within previously provided ranges. Investors can access the call via phone or a live webcast, which will also be available for replay.

S&W Seed Company (NASDAQ: SANW) announced the extension and increase of its credit facilities with National Australia Bank Limited, raising the total to AUD 49 million (approx. USD 31.8 million), a rise of AUD 9 million (approx. USD 5.8 million). These facilities include a seasonal credit facility and a flexible rate loan, expiring between September 2023 and May 2026. The funds will support the company's international forage operations based in South Australia, focusing on proprietary alfalfa and pasture products for over 30 global markets.

S&W Seed Company (NASDAQ: SANW) announced preliminary financial results for the first quarter of fiscal 2023, reporting total revenues expected between $19.5 million and $20 million, a 26% to 29% increase from $15.5 million a year prior. Gross margins are projected to improve to 22.5% to 22.9%, up from 20.1%. Adjusted EBITDA is anticipated to be $(1.8) million to $(1.6) million, compared to $(4.0) million last year. A conference call will take place on November 10, 2022, to discuss these results further.

S&W Seed Company (Nasdaq: SANW) reported fiscal year 2022 results, revealing a Core Revenue of $71.4 million, a 2.1% increase from $69.9 million in fiscal 2021. However, total revenue fell to $71.4 million from $84.0 million the previous year. The company faced a GAAP net loss of $(36.4) million, up from $(19.2) million in fiscal 2021. Looking ahead, S&W anticipates fiscal 2023 revenue between $80 to $92 million, indicating a potential growth of 12% to 29%. The gross margin decreased to 8.9% compared to 16.3% in the prior year, attributed to rising operating expenses and inventory write-downs.

S&W Seed Company (Nasdaq: SANW) will release its fiscal year 2022 financial results on September 28, 2022, prior to market opening. The company has scheduled a conference call the same day at 11:00 AM ET to discuss these results. Founded in 1980 and headquartered in the U.S., S&W specializes in seed genetics, particularly for alfalfa, sorghum, and pasture seeds. With operations in Australia, S&W aims to meet global demand for animal proteins and healthier diets through its diverse product portfolio.

S&W Seed Company (NASDAQ: SANW) reported its Q3 fiscal 2022 results, revealing a total revenue of $23.2 million, down from $32.4 million in Q3 fiscal 2021. The net loss for the quarter was $(7.4) million, compared to $(1.8) million in the prior year. Core Revenue decreased by 2.9% due to lower sales in Australia and South Africa, although U.S. sales increased. The company anticipates fiscal 2022 Core Revenue to be between $80 to $85 million, a 15% to 20% increase over fiscal 2021. S&W plans to cut operating expenses by $5 million.

Trigall Genetics and S&W Seed Company (SANW) are in preliminary discussions to form a joint venture called Trigall Australia. This venture aims to enhance wheat breeding operations in Australia, utilizing S&W's existing infrastructure and the expertise of Trigall Genetics. The initiative aims to develop drought-tolerant wheat varieties leveraging the HB4® EcoWheat® technology and grow crops for regions affected by climate change. The collaboration is seen as a significant opportunity to strengthen S&W's market position and expand its wheat portfolio.

S&W Seed Company (Nasdaq: SANW) will announce its third quarter fiscal year 2022 financial results on May 16, 2022, prior to market opening. A conference call to discuss these results is scheduled for the same day at 11:00 AM ET. Founded in 1980, S&W Seed specializes in seed technology for middle market crops, including proprietary alfalfa and sorghum. The company aims to meet the rising global demand for animal proteins and healthier diets with a diverse product portfolio, including hybrid sunflower and stevia.