S&W Seed grows sales, trims loss
LONGMONT — S&W Seed Co. (Nasdaq: SANW) saw its sales grow and losses shrink in the second quarter 2023.
The company’s adjusted net loss for the most recent period was $5.3 million, or 13 cents per share.
That performance failed to meet Wall Street expectations. Zacks Consensus Estimate for the quarter was a loss of 12 cents per share.
However, S&W’s sales were $12.9 million for the quarter, nearly 10% higher than Zacks Consensus Estimate and 2% better than revenues posted in the second quarter of 2021.
The company attributes the improved sales performance to United States sorghum and international alfalfa sales.
Looking ahead, “the…
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