---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-059107"
form_type: "8-K"
ticker: null
cik: "0001477246"
company_name: "S&W Seed Co"
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T00:41:13.903955+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0000950170-24-059107
- form_type: 8-K
- cik: 0001477246
- company_name: S&W Seed Co
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477246/000095017024059107/0000950170-24-059107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477246/000095017024059107/sanw-20240514.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-059107
- JSON: https://secwatch.observer/filing/0000950170-24-059107.json
- Plain text: https://secwatch.observer/filing/0000950170-24-059107.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477246/000095017024059107/0000950170-24-059107-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.