S&W Seed Q3 revenue $18.3M (+3.7% YoY); cuts FY24 revenue & EBITDA guidance on MENA disruptions

S&W Seed Co

2024-Q3 EPS reported -$0.42 revenue$45,621,910

Q3 GAAP net loss $5.5M ($0.13/share) vs net income $32.1M in prior year (included $38.3M gain).
Adjusted EBITDA loss $1.2M vs ($0.4M) prior year; gross margin improved to 27.4% from 25.1%.
Cuts FY24 revenue guidance to $67-70M from prior expectations; international ops hit by MENA geopolitical disruptions and Saudi forage import ban.
Also cuts FY24 adjusted EBITDA guidance to ($8.5M)-($6.0M) from ($7.5M)-($4.0M); sees $6-7M revenue impact from MENA.
Double Team sorghum expected on >10% of US sorghum acres; FY24 Double Team revenue reaffirmed at $11.5-14M (+77-115% YoY).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

S&W Seed Co reported third quarter of fiscal year 2024 ended March 31, 2024 results: revenue $18.3 million, net income ($5.5) million, or ($0.13) per basic and diluted share. Guidance lowered.

Period: third quarter of fiscal year 2024 ended March 31, 2024
Revenue: $18.3 million
Net income: ($5.5) million, or ($0.13) per basic and diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

Seed Company (Nasdaq: SANW) today announced financial results for the three months ended March 31, 2024. Financial Highlights • Revenue for the third quarter of fiscal 2024 was $18.3 million, a 3.7% increase compared to the third quarter of fiscal 2023. Double Team TM sorghum revenue was $3.4 million in the third quarter of fiscal 2024 compared to $3.8 million in the

View on SEC.gov

1047 earnings releases filed in the last 30 days. Browse all earnings releases →

Source: SEC EDGAR

accession 0000950170-24-059107

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.