Brief: S&W Seed Reports Q2 GAAP Loss Per Share Of $0.20

S&W Seed Co

12/02/2020 13:53

Feb 12 (Reuters) - S&W Seed Co  SANW.O :
    * S&W ANNOUNCES FIRST HALF AND SECOND QUARTER FISCAL 2020
FINANCIAL RESULTS
    * Q2 GAAP LOSS PER SHARE $0.20
    * Q2 REVENUE $12.4 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$10.7
MILLION
    * Q2 EARNINGS PER SHARE ESTIMATE $-0.14 -- REFINITIV IBES
DATA
    * SEES FY 2020 REVENUE $64 MILLION TO $67 MILLION
    * EXPECTS GROSS MARGINS FOR FISCAL 2020 TO BE WITHIN A RANGE
OF
23% - 25%
    * CONTINUES TO EXPECT CORE REVENUE (EXCLUDING REVENUE
ATTRIBUTABLE
TO PIONEER) FOR 2020 TO BE WITHIN A RANGE OF $41 MILLION TO $44
MILLION
    * WORKING ON REGULATORY PACKAGES FOR HERBICIDE REGISTRATION
AND
EXPORT APPROVALS FOR THE GRAIN PRODUCED FROM ATS FIELDS
    * S&W SEED -  SEED PRODUCTION OF FIRST ATS (ACCASE TOLERANT
SORGHUM ) HYBRIDS IS PLANNED FOR 2020
    * S&W SEED -  SEED PRODUCTION OF THE FIRST ATS HYBRIDS IS
EXPECTED
TO PROVIDE SMALL QUANTITIES FOR INITIAL COMMERCIAL INTRODUCTION
IN 2021
    * S&W SEED -  GRAIN PRODUCED FROM 2021 CROP WILL LIKELY BE
SOLD IN
U.S. ONLY, BUT EXPECT TO HAVE FULL EXPORT APPROVALS & SEED
SUPPLY TO MEET 2022 DEMAND

Source text for Eikon:  ID:nPn3HDwdKa 
Further company coverage:  SANW.O 

 (Reuters.Briefs@thomsonreuters.com)