S&W Seed Company (SANW) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2101 KEN PRATT BLVD. LONGMONT, CO 80501 |
| State of Incorp. | NV |
| Fiscal Year End | June 30 |
| Industry (SIC) | 01 - Agricultural Production Crops (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 MRQ | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,114 | 3,399 | 2,057 | 3,528 | 4,123 | 3,432 | |||
| Cash and cash equivalents | 1,114 | 3,399 | 2,057 | 3,528 | 4,123 | 3,432 | |||
| Receivables | 26,958 | 31,470 | 19,051 | 19,389 | 19,023 | 13,380 | |||
| Inventory, net of allowances, customer advances and progress billings | 46,008 | 45,098 | 54,516 | 63,395 | 63,883 | 71,296 | |||
| Inventory | 46,008 | 45,098 | 54,516 | 63,395 | 63,883 | 71,296 | |||
| Asset, held-for-sale, not part of disposal group | 1,850 | ||||||||
| Other undisclosed current assets | 2,974 | 4,099 | 1,606 | 1,556 | 1,375 | 1,687 | |||
| Total current assets: | 77,055 | 84,066 | 77,230 | 87,868 | 88,404 | 91,645 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2,826 | 2,983 | ✕ | ||||||
| Property, plant and equipment | 10,351 | 10,082 | 16,872 | 17,741 | 20,494 | 20,635 | |||
| Long-term investments and receivables | 21,625 | 23,060 | |||||||
| Long-term investments | 21,625 | 23,060 | |||||||
| Intangible assets, net (including goodwill) | 36,575 | 37,815 | 34,096 | 38,783 | 40,293 | 32,714 | |||
| Goodwill | 1,652 | 1,509 | |||||||
| Intangible assets, net (excluding goodwill) | 36,575 | 37,815 | 34,096 | 37,131 | 38,784 | 32,714 | |||
| Other noncurrent assets | 3,051 | 2,066 | 5,591 | 7,079 | 6,765 | ||||
| Other undisclosed noncurrent assets | (7,808) | (8,082) | 1,370 | ||||||
| Total noncurrent assets: | 66,619 | 67,924 | 56,558 | 63,603 | 67,552 | 54,719 | |||
| TOTAL ASSETS: | 143,674 | 151,990 | 133,788 | 151,471 | 155,956 | 146,364 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 20,896 | 22,117 | 26,690 | 25,083 | 17,665 | 13,004 | |||
| Accounts payable | 14,891 | 13,312 | 15,901 | 15,948 | 8,046 | 6,931 | |||
| Accrued liabilities | 6,005 | 8,804 | 10,789 | 9,135 | 9,619 | 6,073 | |||
| Deferred revenue | 5,504 | 465 | 606 | 385 | 6,172 | ✕ | |||
| Debt | 4,445 | 3,809 | 8,317 | 1,681 | 1,781 | 1,114 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 9,055 | ||
| Other undisclosed current liabilities | 43,597 | 44,901 | 12,679 | 33,947 | 26,983 | 10,756 | |||
| Total current liabilities: | 74,443 | 71,291 | 48,291 | 61,096 | 52,600 | 33,928 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 4,862 | 4,499 | 3,993 | 11,591 | 14,329 | 12,158 | |||
| Long-term debt, excluding current maturities | 21,703 | ||||||||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,709 | ||
| Finance lease, liability | 497 | 305 | 501 | 1,109 | 1,643 | ✕ | |||
| Other undisclosed long-term debt and lease obligation | 4,365 | 4,195 | (21,254) | 7,184 | 9,443 | 10,449 | |||
| Liabilities, other than long-term debt | 2,064 | 2,102 | 3,587 | 3,650 | 3,427 | 280 | |||
| Accounts payable and accrued liabilities | 280 | ||||||||
| Other liabilities | 2,064 | 2,102 | 3,587 | 3,650 | 3,427 | ||||
| Operating lease, liability | 3,042 | 3,298 | 3,243 | ✕ | |||||
| Other undisclosed noncurrent liabilities | 21,703 | 742 | 4,264 | ||||||
| Total noncurrent liabilities: | 6,926 | 6,601 | 29,283 | 15,982 | 22,019 | 12,439 | |||
| Total liabilities: | 81,369 | 77,892 | 77,574 | 77,078 | 74,620 | 46,366 | |||
| Temporary equity, carrying amount | 5,519 | 5,274 | 4,805 | ||||||
| Equity | |||||||||
| Equity, attributable to parent | 56,886 | 68,891 | 51,501 | 74,558 | 81,591 | 100,180 | |||
| Common stock | 43 | 43 | 43 | 37 | 33 | 33 | |||
| Additional paid in capital | 168,270 | 167,768 | 163,893 | 149,684 | 137,810 | 136,752 | |||
| Accumulated other comprehensive loss | (6,832) | (6,988) | (6,561) | (5,851) | (6,111) | (6,138) | |||
| Accumulated deficit | (104,596) | (91,933) | (105,874) | (69,312) | (50,141) | (30,467) | |||
| Equity, attributable to noncontrolling interest | 35 | 67 | 42 | (31) | (120) | (48) | |||
| Other undisclosed equity | (134) | (134) | (134) | (134) | (134) | (134) | |||
| Total equity: | 56,786 | 68,823 | 51,409 | 74,393 | 81,336 | 99,998 | |||
| TOTAL LIABILITIES AND EQUITY: | 143,674 | 151,990 | 133,788 | 151,471 | 155,956 | 146,364 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 TTM | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 68,015 | 73,521 | 71,354 | 84,049 | 79,582 | 109,723 | ||
| Revenue from related parties | ✕ | ✕ | 70,000 | |||||
| Cost of revenue (Cost of Goods and Services Sold) | (52,430) | (58,983) | (64,999) | (70,372) | (64,648) | (69,014) | ||
| Other undisclosed gross profit | ||||||||
| Gross profit: | 15,585 | 14,538 | 6,355 | 13,677 | 14,934 | 40,708 | ||
| Operating expenses | (31,382) | (32,482) | (39,159) | (33,946) | (33,698) | (45,702) | ||
| Operating loss: | (15,798) | (17,944) | (32,804) | (20,269) | (18,764) | (4,994) | ||
| Nonoperating income (expense) | (2,604) | (2,412) | (778) | 94 | (99) | 99 | ||
| Gain (loss), foreign currency transaction, before tax | (1,109) | (860) | (778) | 94 | (99) | 99 | ||
| Other nonoperating income (expense) | (1,495) | (1,552) | ||||||
| Interest and debt expense | (7,065) | (6,160) | (3,111) | (2,973) | (2,667) | (3,227) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 39,611 | 41,439 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 14,145 | 14,924 | (36,692) | (23,148) | (21,529) | (8,121) | ||
| Loss from equity method investments | (2,791) | (1,252) | ||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 1,252 | 1,252 | 783 | 4,017 | 2,168 | (1,380) | ||
| Income (loss) from continuing operations before income taxes: | 12,607 | 14,924 | (35,909) | (19,131) | (19,361) | (9,502) | ||
| Income tax expense (benefit) | 1,135 | 764 | (413) | 24 | (386) | 149 | ||
| Income (loss) from continuing operations: | 13,743 | 15,688 | (36,323) | (19,107) | (19,747) | (9,353) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (36,323) | (19,107) | (19,747) | (9,353) | |
| Other undisclosed net loss | (1,252) | (1,252) | ||||||
| Net income (loss): | 12,490 | 14,435 | (36,323) | (19,107) | (19,747) | (9,353) | ||
| Net income (loss) attributable to noncontrolling interest | (4) | (25) | (73) | (64) | 73 | 48 | ||
| Net income (loss) attributable to parent: | 12,487 | 14,410 | (36,395) | (19,171) | (19,674) | (9,305) | ||
| Other undisclosed net loss available to common stockholders, basic | (486) | (469) | (166) | |||||
| Net income (loss) available to common stockholders, diluted: | 12,001 | 13,941 | (36,562) | (19,171) | (19,674) | (9,305) | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 TTM | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 12,490 | 14,435 | (36,323) | (19,107) | (19,747) | (9,353) | ||
| Other comprehensive income | 27 | |||||||
| Other undisclosed comprehensive income (loss) | (97) | (427) | (710) | 261 | (348) | |||
| Comprehensive income (loss): | 12,393 | 14,008 | (37,032) | (18,846) | (19,720) | (9,701) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (4) | (25) | (73) | (64) | 73 | 48 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 12,390 | 13,983 | (37,105) | (18,910) | (19,647) | (9,653) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.