Double team

S&W Announces Second Quarter Fiscal 2024 Financial Results

Retrieved on: 
Wednesday, February 14, 2024
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Revenue for the second quarter of fiscal 2024 was $10.9 million, a 16.0% decrease compared to the second quarter of fiscal 2023.

Key Points: 
  • Revenue for the second quarter of fiscal 2024 was $10.9 million, a 16.0% decrease compared to the second quarter of fiscal 2023.
  • Double TeamTM sorghum revenue was $4.0 million in the second quarter of fiscal 2024 compared to $1.2 million in the second quarter of fiscal 2023.
  • Gross profit margin for the second quarter of fiscal 2024 was 30.3%, an improvement from 21.3% in the second quarter of fiscal 2023.
  • Total revenue for the second quarter of fiscal 2024 was $10.9 million compared to total revenue for the second quarter of fiscal 2023 of $12.9 million.

S&W Announces First Quarter Fiscal 2024 Financial Results

Retrieved on: 
Thursday, November 9, 2023
IPO, Sorghum, Shell, S&W, SG, EBITDA, Net, Chewy (company), Disclosure, GAAP, Acquisition, Research, Bank statement, Double team, Interest, COVID, Bell Potter, Partnership, Retirement, Benchmarking, Depreciation, Rationalization, Table, Series, Cryptocurrency, Video game, Security (finance), Coal, Reinsurance, Real estate, Bookkeeping, Bank, A2, Alfalfa

Revenue for the first quarter of fiscal 2024 was $16.4 million, a 17.3% decrease compared to the first quarter of fiscal 2023.

Key Points: 
  • Revenue for the first quarter of fiscal 2024 was $16.4 million, a 17.3% decrease compared to the first quarter of fiscal 2023.
  • Double TeamTM sorghum revenue was $0.5 million in the first quarter of fiscal 2024 compared to $0.0 million in the first quarter of fiscal 2023.
  • GAAP gross profit margin for the first quarter of fiscal 2024 was 30.5%, an improvement from 22.7% in the first quarter of fiscal 2023.
  • Operating expenses were $7.9 million for the first quarter of fiscal 2024, which is consistent with operating expenses for the first quarter of fiscal 2023.

VISION Bioenergy Oilseeds and ADAMA Collaborate to Expand Crop Protection Solutions for Camelina Growers

Retrieved on: 
Tuesday, November 7, 2023
Crop protection, Health, BMW of North America, Inc. v. Gore, History, AG, Nintendo of America, Inc. vs. Blockbuster LLC., Weed control, Research, Double team, Growth, Partnership, Farmer, Soil, Double, Adama Agricultural Solutions, Joint, Agriculture, Camelina

RALEIGH, N.C., Nov. 7, 2023 /PRNewswire/ -- VISION Bioenergy Oilseeds (VISION), a US agricultural company driving the growth of Camelina as an essential feedstock for advanced renewable fuels, and Makhteshim Agan of North America Inc. (ADAMA), a global leader in crop protection technology, today announced they have entered into a Joint Development Agreement to bring to market a suite of new crop protection solutions for Camelina growers. This partnership will greatly expand labeled crop protection products for Camelina, a relatively new crop in the renewable fuels market with a limited number of labeled crop protection options.

Key Points: 
  • This partnership will greatly expand labeled crop protection products for Camelina, a relatively new crop in the renewable fuels market with a limited number of labeled crop protection options.
  • The partnership will pursue multiple pathways for expanding crop protection solutions for Camelina.
  • ADAMA will conduct comprehensive research to support the registration of their current crop protection offerings for use on Camelina.
  • Broadleaf Weed Control: Both VISION and ADAMA will concentrate their efforts on developing broadleaf weed control solutions, addressing the current lack of options in US-labeled crop protection products for Camelina.

S&W Announces Fiscal 2023 Financial Results

Retrieved on: 
Wednesday, September 27, 2023
Rationalization, IPO, Table, Marketing, GAAP, Grain, Interest, Genetics, Retirement, Acquisition, DeKalb Genetics Corporation, Research, KWS Saat, Germination, Biofuel, Double team, Shell, Disclosure, Monsanto, S&W, Depreciation, Sorghum, Bell Potter, Chewy (company), Partnership, SG, Bank statement, COVID, Sale, EBITDA, Series, CIBC, MENA, Benchmarking, LATAM, Cryptocurrency, Security (finance), Management, Agriculture, Risk management, Bookkeeping, Bank, A2, Camelina, Genetically modified wheat, Soybean, Double

LONGMONT, Colo., Sept. 27, 2023 /PRNewswire/ -- S&W Seed Company (Nasdaq: SANW) today announced financial results for the fiscal year ended June 30, 2023.

Key Points: 
  • LONGMONT, Colo., Sept. 27, 2023 /PRNewswire/ -- S&W Seed Company (Nasdaq: SANW) today announced financial results for the fiscal year ended June 30, 2023.
  • Double Team™ sorghum revenue was $6.5 million in fiscal 2023, compared to $2.4 million in fiscal 2022.
  • Total revenue for fiscal 2023 was $73.5 million, compared to total revenue for fiscal 2022 of $71.4 million.
  • Adjusted EBITDA (see Table B) for fiscal 2023 was $(9.3) million, compared to adjusted EBITDA of $(23.6) million for fiscal 2022.

S&W Announces Second Quarter Fiscal 2023 Financial Results

Retrieved on: 
Monday, February 13, 2023
Bank statement, Benchmarking, Sorghum, SG, Grain, Interest, Carbon, Acquisition, EBITDA, Table, GAAP, Shell, Biofuel, Series, Sale, Total, Research, GMO, Genetics, S&W, Growth, Net, Double team, JV, Depreciation, Cryptocurrency, Video game, Lithium, Bookkeeping, Bank, Agriculture, Security (finance), Double, Camelina

Total revenue for the second quarter of fiscal 2023 was $12.9 million, compared to total revenue for the second quarter of fiscal 2022 of $12.6 million.

Key Points: 
  • Total revenue for the second quarter of fiscal 2023 was $12.9 million, compared to total revenue for the second quarter of fiscal 2022 of $12.6 million.
  • GAAP gross margins for the second quarter of fiscal 2023 were 21.3% compared to GAAP gross margins of 13.1% in the second quarter of fiscal 2022.
  • GAAP operating expenses for the second quarter of fiscal 2023 were $9.0 million, compared to $10.6 million in the second quarter of fiscal 2022.
  • Adjusted EBITDA (see Table B) for the second quarter of fiscal 2023 was $(4.6) million, compared to adjusted EBITDA of $(6.6) million in the second quarter of fiscal 2022.

Double Team™ Sorghum Cropping Solution with FirstAct™ Herbicide Highly Commended by Crop Science Forum & Awards 2022

Retrieved on: 
Tuesday, November 15, 2022
S&W, Sorghum, Solution, Farmer, High Plains, Crop protection, Soil, US, Research, Nutrient, Double team, Disease, Seed, Agriculture

RALEIGH, N.C., Nov. 15, 2022 /PRNewswire/ -- ADAMA US was recognized by the judges of the Crop Science Forum & Awards for its Double Team Sorghum Cropping Solution with FirstAct Herbicide in the category for Best New Crop Protection Product or Trait this year.

Key Points: 
  • RALEIGH, N.C., Nov. 15, 2022 /PRNewswire/ -- ADAMA US was recognized by the judges of the Crop Science Forum & Awards for its Double Team Sorghum Cropping Solution with FirstAct Herbicide in the category for Best New Crop Protection Product or Trait this year.
  • ADAMA US was given High Commendations by the Crop Science Forum & Awards for Double Team Sorghum Cropping Solution.
  • S&W developed the non-GMO DT Trait Sorghum that is tolerant to the ADAMA FirstAct herbicide, and when used together, they lead to the highly effective Double Team Sorghum Cropping Solution.
  • To learn more about the Double Team Sorghum Cropping Solution with FirstAct herbicide, visit doubleteamsorghum.com
    ADAMA Is one of the world's leading crop protection companies.

S&W Announces First Quarter Fiscal 2022 Financial Results

Retrieved on: 
Thursday, November 11, 2021
Securities Exchange Act of 1934, Benchmarking, Mission statement, GMO, Sorghum, Corteva, Private Securities Litigation Reform Act, SG, Investor relations, Security (finance), CEO, Double team, Transport, Table, Income, Growth, Depreciation, COVID-19, Research, Securities Act of 1933, Forward-looking statement, Annual report, EBITDA, Stevia, Acquisition, Total revenue, Company, U.S. Securities and Exchange Commission, Food, GAAP, SECURE Act of 2019, Seed, Review, Interest, Ingredion, S&W, Breeding, Video game, Bookkeeping, Bank, Insurance

Total revenue for the first quarter of fiscal 2022 was $15.5 million, compared to total revenue for first quarter of fiscal 2021 of $13.9 million, an increase of 11.5%.

Key Points: 
  • Total revenue for the first quarter of fiscal 2022 was $15.5 million, compared to total revenue for first quarter of fiscal 2021 of $13.9 million, an increase of 11.5%.
  • GAAP gross margins during the first quarter of fiscal 2022 were 20.1% compared to GAAP gross margins of 12.9% in first quarter of fiscal 2021.
  • GAAP operating expenses for first quarter of fiscal 2022 were $8.9 million, compared to $8.1 million in first quarter of fiscal 2021.
  • Adjusted EBITDA (see Table B) for first quarter of fiscal 2022 was $(4.0) million, compared to adjusted EBITDA of $(4.6) million in first quarter of fiscal 2021.

U.S. Sorghum Acreage to Potentially Expand with Help from First-Year Use of New Cropping Solution

Retrieved on: 
Friday, August 27, 2021
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Sorghum growers have previously been unable to control grassy weeds that rob water and nutrients from the crop.

Key Points: 
  • Sorghum growers have previously been unable to control grassy weeds that rob water and nutrients from the crop.
  • Due to pest pressures and lack of effective weed control in sorghum, sorghum acreage has dropped from around 10 million acres to typical annual acreage of 5-6 million acres.
  • Based on thorough evaluations, measurable data, and customer feedback, initial field performance of the Double Team Sorghum Cropping Solution has exceeded expectations, setting the stage for an accelerated commercial rollout in the 2022 planting season.
  • Due to its inherent drought tolerance, sorghum is generally better suited than corn or other crops to the semi-arid High Plains.