S&W Seed Co. reports 2.9% revenue drop in Q3

LONGMONT — S&W Seed Co. (Nasdaq: SANW) announced Tuesday a 2.9% year-over-year revenue drop for the third quarter of its 2022 fiscal year. That represents a decrease to $23.2 million from $23.9 million. 

The company recorded a net loss of $7.4 million, or 19 cents per share, compared with $1.8 million, or 5 cents per share, in the third quarter of 2021.

Operating expenses were up 8.5%, to $8.9 million from $8.2 million.

“Over the last few months, S&W has undergone a strategic review of its operations and future growth opportunities to identify key centers of value, while moving to align our cost…