S&W Seed Company (SANW) Income Statement
SANW FY2024 at a glance
Fiscal year ended June 30, 2024 · U.S. dollarsSANW revenue and net income
Where SANW's revenue goes
FY2024Each bar shows an amount and its share of revenue. SANW kept −49.7% of revenue as net income.
SANW profit margins
SANW growth rates
to FY2024| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −17.8% | −10.4% | −11.2% | +1.6% |
| Gross profit | +8.7% | +4.9% | −17.2% | +4.7% |
| Operating income | — | — | — | — |
| Net income | −308.4% | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SANW quarterly EPS vs estimates
S&W Seed beat the analyst EPS estimate in 1 of the last 8 quarters.
SANW income statement
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $60.4M | $73.5M | $71.4M | $84.0M | $79.6M | $109.7M | $64.1M | $75.4M | $96.0M | $81.2M |
| Cost of revenue | $44.6M | $59.0M | $65.0M | $70.4M | $64.6M | $69.0M | $49.3M | $59.2M | $77.7M | $64.6M |
| Gross profit | $15.8M | $14.5M | $6.4M | $13.7M | $14.9M | $40.7M | $14.8M | $16.1M | $18.4M | $16.6M |
| Research & development | $4.1M | $5.2M | $7.7M | $8.5M | $7.3M | $6.3M | $3.9M | $3.0M | $2.8M | $1.9M |
| Sales, general & admin | $21.7M | $22.4M | $24.5M | $21.9M | $21.3M | $17.5M | $10.5M | $11.8M | $10.4M | $9.6M |
| Total operating expenses | $33.5M | $32.5M | $39.2M | $33.9M | $31.8M | $27.9M | $17.8M | $18.2M | $16.3M | $13.7M |
| Operating income | −$17.7M | −$17.9M | −$32.8M | −$20.3M | −$16.8M | $11.4M | −$3.0M | −$2.4M | $2.0M | $2.4M |
| Interest income | — | — | — | — | — | $3.1M | $1.6M | $1.1M | $4.0M | $6.3M |
| Interest expense | $7.4M | $6.2M | $3.2M | $3.0M | $2.5M | $3.2M | $2.0M | $2.5M | $6.0M | $4.8M |
| Income before taxes | −$29.6M | $13.7M | −$35.9M | −$19.1M | −$19.4M | −$9.5M | −$4.6M | −$4.2M | −$2.0M | −$4.0M |
| Income taxes | $496,290 | −$763,639 | $413,423 | −$24,358 | $385,968 | −$148,747 | $143,049 | $7.6M | −$2.4M | −$845,979 |
| Net income | −$30.0M | $14.4M | −$36.3M | −$19.1M | −$19.7M | −$9.4M | −$4.7M | −$11.8M | $365,227 | −$3.2M |
| EBITDA | −$15.0M | $25.9M | −$27.3M | −$10.7M | −$11.8M | −$2.1M | $889,575 | $1.6M | $5.2M | $6.0M |
| EPS (diluted) | −$13.29 | −$5.83 | −$11.86 | −$9.83 | −$5.65 | $6.65 | −$1.15 | −$0.27 | −$1.25 | $1.19 |
| Gross margin | 26.2% | 19.8% | 8.9% | 16.3% | 18.8% | 37.1% | 23.0% | 21.4% | 19.1% | 20.4% |
| Operating margin | −29.3% | −24.4% | −46.0% | −24.1% | −21.1% | 10.4% | −4.7% | −3.2% | 2.1% | 2.9% |
| Net margin | −49.7% | 19.6% | −50.9% | −22.7% | −24.8% | −8.5% | −7.4% | −15.7% | 0.4% | −3.9% |
| Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.6M | $5.1M | $8.3M | $14.8M | $9.4M | $8.3M | $10.8M | $23.1M | $17.7M | $12.9M | $19.9M | $20.0M |
| Cost of revenue | $5.9M | $3.2M | $7.0M | $12.3M | $7.9M | $4.7M | $11.4M | $20.2M | $13.2M | $10.2M | $15.4M | $21.1M |
| Gross profit | $3.6M | $1.9M | $1.3M | $2.5M | $1.5M | $2.7M | $2.7M | $2.9M | $4.4M | $2.7M | $4.5M | −$1.1M |
| Research & development | $734,521 | $832,586 | $741,820 | $1.0M | $767,210 | $723,594 | $778,889 | $1.0M | $1.2M | $1.5M | $1.5M | $1.7M |
| Sales, general & admin | $3.0M | $4.7M | $4.0M | $4.4M | $5.6M | $5.9M | $5.8M | $5.1M | $6.0M | $6.2M | $5.1M | $6.2M |
| Total operating expenses | $4.3M | $6.2M | $5.6M | $18.9M | $4.7M | $5.7M | $5.7M | $7.2M | $6.9M | $9.0M | $7.9M | $9.3M |
| Operating income | −$662,601 | −$4.3M | −$4.2M | −$4.0M | −$3.2M | −$2.2M | −$3.0M | −$4.4M | −$2.4M | −$6.2M | −$3.4M | −$11.9M |
| Interest expense | $898,417 | $1.2M | $1.1M | $1.9M | $1.9M | $1.8M | $1.9M | $1.6M | $1.9M | $1.7M | $1.1M | $728,962 |
| Income before taxes | −$2.2M | −$6.3M | −$6.2M | −$10.0M | −$4.8M | −$3.8M | −$5.0M | −$6.2M | $32.0M | −$6.3M | −$4.6M | −$12.9M |
| Income taxes | $3,831 | $1,551 | $1,142 | — | $1,720 | $1,833 | −$12,292 | $120,438 | −$500,118 | −$282,296 | −$101,664 | −$1,213 |
| Net income | −$2.2M | −$1.7M | −$16.2M | −$12.1M | −$5.5M | −$6.5M | −$5.9M | −$7.2M | $32.1M | −$6.0M | −$4.5M | −$12.9M |
| EBITDA | −$62,534 | −$3.6M | −$3.4M | — | −$2.3M | −$3.7M | −$2.2M | −$3.3M | −$2.8M | −$3.3M | −$2.3M | −$10.8M |
| EPS (diluted) | −$1.10 | −$0.72 | −$5.31 | −$5.31 | −$2.47 | −$2.85 | −$2.66 | −$0.13 | −$1.33 | −$2.47 | −$1.90 | −$0.27 |
| Gross margin | 37.7% | 37.1% | 16.1% | 16.7% | 15.9% | 33.2% | 25.3% | 12.4% | 25.1% | 21.3% | 22.7% | −5.7% |
| Operating margin | −6.9% | −85.6% | −50.9% | −27.3% | −34.6% | −27.0% | −28.0% | −19.0% | −13.8% | −48.3% | −17.1% | −59.6% |
| Net margin | −23.4% | −32.7% | −195.3% | −81.7% | −58.7% | −78.3% | −55.3% | −31.3% | 181.9% | −46.3% | −22.7% | −64.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SANW's financial statements (latest annual report filed November 1, 2024); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SANW financial results
In fiscal year 2024 (ended June 30, 2024), S&W Seed reported revenue of $60.4 million, down 17.8% from the year before. It had a net loss of $30.0 million, a net profit margin of −49.7%. Diluted earnings per share came to −$13.29. Over five years revenue grew at an average rate of −11.2% a year.
See the SANW stock overview for the latest quote and news, or the SANW chart for price history and technical indicators.
SANW income statement FAQ
What is S&W Seed's annual revenue?
S&W Seed reported total revenue of $60.4 million for fiscal year 2024, which ended on June 30, 2024. That was down 17.8% from $73.5 million the previous year.
Is S&W Seed profitable?
No. S&W Seed reported a net loss of $30.0 million in fiscal 2024, a net profit margin of −49.7%; its operating margin was −29.3%.
What is S&W Seed's gross margin?
S&W Seed's gross margin was 26.2% in fiscal 2024: for every $100 of revenue, S&W Seed kept $26 after the direct cost of its products and services.
How much does S&W Seed spend on research and development?
S&W Seed spent $4.1 million on research and development in fiscal 2024, 6.7% of revenue.
How fast is S&W Seed growing?
Revenue grew −11.2% a year on average over the last five fiscal years, from $109.7 million to $60.4 million.
What are S&W Seed's earnings per share?
S&W Seed earned $-13.29 per diluted share in fiscal 2024, compared with $-5.83 a year earlier.
When does S&W Seed's fiscal year end?
S&W Seed's fiscal year ends in June. The latest annual report covers the year ended June 30, 2024 and was filed on November 1, 2024.