Core Viewpoint - S&W Seed Company has repositioned its operations to focus exclusively on its core Americas-based business, particularly its high-margin Double Team sorghum solutions, following significant restructuring efforts and the completion of the Australian voluntary administration process. The company anticipates a positive adjusted EBITDA for the first half of fiscal 2025 and is exploring various strategic alternatives to enhance shareholder value [3][5][6]. Operational Highlights - The company has completed several strategic initiatives, including the completion of the Australian VA process and the establishment of a new $25 million credit facility [3][7]. - S&W is implementing an operating optimization plan aimed at aligning its cost structure to drive near-term profitability [3][7]. - The company is optimistic about the upcoming spring planting season and expects to execute its operational objectives effectively [3]. Financial Highlights - Total revenue for the second quarter of fiscal 2025 was $5.1 million, a 38.5% decrease from $8.3 million in the same period of fiscal 2024 [6][7]. - The gross profit margin for the second quarter of fiscal 2025 was 37.1%, down from 42.8% in the second quarter of fiscal 2024, primarily due to decreased sales of high-margin products [9][7]. - GAAP operating expenses increased to $6.2 million in the second quarter of fiscal 2025 from $5.7 million in the same period of fiscal 2024 [10][7]. - The net loss from continuing operations for the second quarter of fiscal 2025 was $6.3 million, or $2.73 per share, compared to a loss of $3.8 million, or $1.66 per share, in the second quarter of fiscal 2024 [12][7]. - Adjusted EBITDA for the second quarter of fiscal 2025 was ($2.9) million, compared to ($1.1) million in the same period of fiscal 2024 [14][7]. Future Guidance - S&W expects fiscal 2025 revenue to range between $34.5 million and $38.0 million, including approximately $4.1 million from international sales in the first quarter [15][7]. - The company anticipates adjusted EBITDA for fiscal 2025 to be between ($5.0) million and ($3.0) million, with expectations of improved performance in the second half of the fiscal year [16][7].

Conference call to be conducted on Thursday, February 13, 2025, at 11:00 a.m. ETLONGMONT, Colo., Feb. 6, 2025 /PRNewswire/ -- S&W Seed Company (Nasdaq: SANW) will report financial results for its second quarter fiscal year 2025, ended December 31, 2024, on Thursday, February 13, 2025, before the open of the market. The Company has scheduled a conference call that same day, Thursday, February 13, 2025, at 11:00 a.m. ET (8:00 a.m. PT) to review the results.Interested parties can access the conference call by ...

Strategic Review and Alternatives - The Board of Directors of S&W Seed Company is initiating a process to explore and evaluate various strategic alternatives to enhance shareholder value [1] - Potential opportunities under consideration include a sale of the company, a merger with another strategic partner, a recapitalization, or continued execution of the company's long-term business plan [2] - The review process does not guarantee any transaction or strategic outcome, and no timetable has been set for its completion [3] Company Performance and Initiatives - S&W Seed has successfully executed its long-term plan over the past year, including divesting its Australian subsidiary and focusing on core US-based sorghum and alfalfa operations [3] - The company has strengthened its position through its high-margin sorghum trait portfolio, Double Team, and its investment in the VBO Camelina biofuel joint-venture with Shell [3] - S&W Seed has also aligned its cost structure and strengthened its management and employee base [3] Company Overview - S&W Seed Company, founded in 1980, is a multi-crop, middle-market agricultural company headquartered in Longmont, Colorado [5] - The company aims to be a preferred proprietary seed company supporting the growing demand for animal proteins and healthier consumer diets [5] - S&W Seed is a leader in sorghum seeds with significant R&D, production, and distribution capabilities, and has a commercial presence in proprietary alfalfa and sustainable biofuel feedstocks, primarily camelina [5] Advisory and Legal Support - The company is being advised by Rabobank Securities Inc as the financial advisor and Cooley LLP as legal counsel during the strategic review process [4]

LONGMONT, Colo., Nov. 26, 2024 /PRNewswire/ -- S&W Seed Company (Nasdaq: SANW) today announced it has filed its 10-Q for the three months ended September 30, 2024. S&W previously issued preliminary first quarter fiscal 2025 financial results on November 19, 2024. The financial results filed in the 10-Q are in line with the preliminary financial results previously released.In addition to the filing of the 10-Q, the Company announced yesterday that it has finalized the voluntary plan of administration, or VA, ...

LONGMONT, Colo., Nov. 19, 2024 /PRNewswire/ -- S&W Seed Company (Nasdaq: SANW) today announced preliminary financial results for the three months ended September 30, 2024.Operational Highlights The Voluntary Administration, or VA, process expected to conclude this month as it pertains to S&W Australia. Following the completion of the VA process, S&W is primarily focused on its core Americas based operations, led by its high margin Double Team sorghum solutions. S&W introduces new guidance for fiscal 2025 wh ...

Conference call to be conducted on Tuesday, November 19, 2024, at 11:00 a.m. ETLONGMONT, Colo., Nov. 14, 2024 /PRNewswire/ -- S&W Seed Company (Nasdaq: SANW) will report financial results for its first quarter fiscal year 2025, ended September 30, 2024, on Tuesday, November 19, 2024, before the open of the market. The Company has scheduled a conference call that same day, Tuesday, November 19, 2024, at 11:00 a.m. ET (8:00 a.m. PT) to review the results.Interested parties can access the conference call by di ...

Company to host conference call and webcast today at 11:00 a.m. Eastern time to discuss the resultsLONGMONT, Colo., Nov. 1, 2024 /PRNewswire/ -- S&W Seed Company (Nasdaq: SANW) today announced financial results for the fiscal year ended June 30, 2024.Financial Highlights Revenue for fiscal 2024 was $60.4 million, a 17.8% decrease compared to fiscal 2023. Double Team™ sorghum revenue was $10.9 million in fiscal 2024 compared to $6.5 million in fiscal 2023. Gross profit margin for fiscal 2024 was 26.2%, an im ...

LONGMONT, Colo., Oct. 16, 2024 /PRNewswire/ -- S&W Seed Company (Nasdaq: SANW) today provided an update with respect to the Late Filing of its Annual Report on Form 10-K for the fiscal year ended June 30, 2024. The Company is continuing to work through reporting requirements as a component of the previously announced voluntary plan of administration ("VA") for S&W Seed Company Australia Pty Ltd, a wholly-owned subsidiary of the Company, which was adopted on July 24, 2024. As part of its year-end closing pro ...

LONGMONT, Colo., Sept. 27, 2024 /PRNewswire/ -- S&W Seed Company (Nasdaq: SANW) announced today that it plans to file a Notification of Late Filing on Form 12b-25 with respect to its Annual Report on Form 10- K for the fiscal year ended June 30, 2024. The delayed filing is due to the voluntary plan of administration ("VA") S&W Seed Company Australia Pty Ltd, a wholly-owned subsidiary of the Company, adopted on July 24, 2024, and the additional time required to complete and compile the necessary financial in ...

Founded in 1980, S&W Seed Company is a global multi-crop, middle-market agricultural company headquartered in Longmont, Colorado. S&W's vision is to be the world's preferred proprietary seed company which supplies a range of sorghum, forage and specialty crop products that supports the growing global demand for animal proteins and healthier consumer diets. S&W is a global leader in proprietary alfalfa and sorghum seeds with significant research and development, production and distribution capabilities. S&W ...