Business Operations and Strategy - The company plans to launch two new traits for its sorghum products in fiscal 2025, including the second generation of Double Team and Prussic Acid Free[94]. - The company has adopted a new business model for private label customers, focusing on licensing products, which is expected to enhance revenue flexibility[94]. - The company experienced significant disruptions in its operations due to geopolitical events, including the military conflict in Ukraine and the import ban on alfalfa seed in Saudi Arabia[97]. - Revenue is primarily derived from proprietary seed varieties, with expectations that sorghum and alfalfa will continue to dominate sales in the coming years[98]. - The company anticipates fluctuations in product revenue due to customer order timing and global market instability[98]. - Research and development expenses are focused on high-value activities, including proprietary herbicide tolerance traits and improved forage products[101]. - The company is actively evaluating financing and strategic alternatives, including potential sales of assets or certain lines of business[115]. Financial Performance - Revenue for the three months ended September 30, 2024, was $8,309,476, a decrease of $2,447,871 or 22.8% compared to $10,757,347 in the same period of 2023[105]. - Gross profit decreased to $1,336,368, representing a gross profit margin of 16.1%, down from 25.3% in the prior year, reflecting a significant decline in profitability[105]. - The net loss from continuing operations was $5,388,349, an increase of $1,140,292 or 26.8% compared to a loss of $4,248,057 in the prior year[105]. - The Americas segment generated revenue of $4,132,935 (50% of total revenue), while the International segment generated $4,089,006 (49% of total revenue), reflecting a shift in revenue distribution[112]. - The International segment's revenue decreased by $1.8 million due to reduced sales in the Middle East and North Africa region, primarily impacted by an import ban in Saudi Arabia[112]. - Selling, general, and administrative expenses decreased by $0.2 million, primarily due to reductions in stock-based compensation and other operating expenses[109]. - Research and development expenses were $741,820, a decrease of $37,069 or 4.8% compared to $778,889 in the prior year[105]. - The net loss from discontinued operations was $9,994,499, a significant increase of $9,062,612 or 972.5% compared to a loss of $931,887 in the same period of 2023[111]. - The gross profit percentage for the Americas segment was 17.6%, while the International segment reported a gross profit percentage of 19.5%, both down from the previous year's figures[113]. Cash Flow and Financing - The company has had negative cash flow from operations for several years, excluding a fiscal 2023 gain related to the Vision Bioenergy partnership[115]. - The maximum loan commitment under the Amended CIBC Loan Agreement was modified to $20.0 million from July 1, 2024, decreasing to $13.0 million by October 10, 2024[115]. - As of September 16, 2024, the revolving loan outstanding under the Amended CIBC Loan Agreement exceeded the total revolving loan commitment, constituting an event of default[116]. - The company expects to meet future cash requirements through existing cash, cash flows from operations, and debt financing[115]. - The maturity date of the MFP Loan Agreement was extended to May 31, 2025, with the letter of credit maturity extended to December 31, 2024[116]. - Cash flows from operating activities for Q3 2024 were $0.8 million, a decrease from $2.1 million in Q3 2023[119]. - The net increase in cash and cash equivalents for Q3 2024 was $193,851, compared to a decrease of $2,484,830 in Q3 2023[118]. - Cash and cash equivalents at the end of Q3 2024 were $480,359, down from $904,869 at the end of Q3 2023[118]. - Investing activities used $0.1 million in cash for Q3 2024, primarily for additions to property, plant, and equipment[120]. - Financing activities used $0.5 million in cash for Q3 2024, consisting of $0.3 million in net borrowings and repayments on working capital lines of credit[120]. Geopolitical and Economic Factors - Adverse geopolitical and macroeconomic events may impact the company's ability to generate sufficient cash flows and secure financing options[115]. - Inflationary pressures impacted results during Q3 2024, with expectations for continued effects throughout fiscal year 2025[121]. - The company faces risks related to geopolitical events and macroeconomic factors, which may affect access to capital and operational stability[117]. Administrative Changes - S&W Australia entered voluntary administration on July 24, 2024, due to anticipated insolvency, leading to its deconsolidation from the company's financial statements[95]. - S&W Australia entered voluntary administration on July 24, 2024, and was deconsolidated from the company's financial statements as of that date[114]. - The company has received a waiver from AgAmerica for noncompliance with reporting requirements due to delayed filing of the Annual Report[116]. - A $5.0 million liability was recorded for the Parent Guarantee as of September 30, 2024, following the deconsolidation of S&W Australia[123].

LONGMONT, Colo., Nov. 25, 2024 /PRNewswire/ -- S&W Seed Company (Nasdaq: SANW) today announced it has finalized the voluntary plan of administration ("VA") process for its subsidiary, S&W Seed Company Australia Pty Ltd ("S&W Australia")."As a result of the VA process being completed, on a go forward basis S&W is exclusively focused on its core U.S.-based operations led by our high margin Double Team sorghum solutions as well as our biofuels joint venture with Shell," commented S&W Seed Company's CEO, Mark H ...

S&W Seed Company (NASDAQ:SANW) Q1 2025 Earnings Conference Call November 19, 2024 11:00 AM ET Company Participants Robert Blum - Lytham Partners Mark Herrmann - Chief Executive Officer Vanessa Baughman - Chief Financial Officer Conference Call Participants Benjamin Klieve - Lake Street Capital Markets Operator Good morning and welcome to the S&W Seed Company Preliminary First Quarter 2025 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s p ...

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 ...

S&W Seed Company (NASDAQ:SANW) Q4 2024 Earnings Conference Call November 1, 2024 11:00 AM ET Company Participants Robert Blum - Lytham Partners Mark Herrmann - Chief Executive Officer Vanessa Baughman - Chief Financial Officer Conference Call Participants Benjamin Klieve - Lake Street Capital Markets Operator Good day, and welcome to the S&W Seed Fourth Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-34719 S&W SEED COMPANY (Exact Name of Registrant as Specified in Its Charter) Nevada 27-1275784 (State or Ot ...

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 ...

Conference call to be conducted on Friday, November 1, 2024, at 11:00 a.m. ET LONGMONT, Colo., Oct. 31, 2024 /PRNewswire/ -- S&W Seed Company (Nasdaq: SANW) will report financial results for its fourth quarter and fiscal year 2024, ended June 30, 2024, on Friday, November 1, 2024, before the open of the market. The Company has scheduled a conference call that same day, Friday, November 1, 2024, at 11:00 a.m. ET (8:00 a.m. PT) to review the results.Interested parties can access the conference call by dialing ...

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 ...