S&W Seed up on expectations to break even in fiscal 2025

S&W Seed Co

19/11/2024 19:12

** Shares of agricultural seeds developer S&W Seed Company
 SANW.O  rise 20.27% to $2.73
    ** Co expects to break even in fiscal 2025
    ** SANW will focus on its core US operations after the
divestiture of its Australian unit through a voluntary
administration process
    ** Expects adjusted EBITDA for remaining three quarters of
fiscal 2025 to be between a loss of $1.9 million and a profit of
$0.1 million
    ** Including session's gains, stock down 79.47% YTD 
    

 (Reporting by Rishab Shaju in Bengaluru)
 ((Rishab.shaju@thomsonreuters.com))