S&W 2021 revenues increase from prior year
LONGMONT — S&W Seed Co. (Nasdaq: SANW) reported revenue of $84 million for its just-completed 2021 fiscal year ended June 30, up 5.5% from $79.6 million for the prior year.
The Longmont-based producer of crop seeds reported unaudited preliminary financial results in a press release Aug. 19.
S&W said that it expects gross profit margins to be approximately 16.3% for fiscal 2021, with an estimated impact of approximately $1.5 million from increased shipping and transportation costs. Adjusted EBITDA — earnings before interest, taxes, depreciation and amortization — for fiscal 2021 is expected to be negative $13 million to $13.2 million.
S&W said that…
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