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)

9/30/2023
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,3991,3282,0573,5284,1233,432
Cash and cash equivalents3,3991,3282,0573,5284,1233,432
Receivables31,47024,09919,05119,38919,02313,380
Inventory, net of allowances, customer advances and progress billings45,09852,95254,51663,39563,88371,296
Inventory45,09852,95254,51663,39563,88371,296
Asset, held-for-sale, not part of disposal group      1,850
Other undisclosed current assets4,0993,2821,6061,5561,3751,687
Total current assets:84,06681,66277,23087,86888,40491,645
Noncurrent Assets
Operating lease, right-of-use asset2,9834,234   
Property, plant and equipment10,08215,70716,87217,74120,49420,635
Long-term investments and receivables23,060     
Long-term investments23,060     
Intangible assets, net (including goodwill)37,81530,95134,09638,78340,29332,714
Goodwill    1,6521,509 
Intangible assets, net (excluding goodwill)37,81530,95134,09637,13138,78432,714
Other noncurrent assets2,0661,6675,5917,0796,765 
Other undisclosed noncurrent assets(8,082)    1,370
Total noncurrent assets:67,92452,55956,55863,60367,55254,719
TOTAL ASSETS:151,990134,221133,788151,471155,956146,364
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities22,11724,72726,69025,08317,66513,004
Accounts payable13,31215,27515,90115,9488,0466,931
Accrued liabilities8,8049,45210,7899,1359,6196,073
Deferred revenue4656,1846063856,172
Debt3,8097,7448,3171,6811,7811,114
Contract with customer, liability9,055
Other undisclosed current liabilities44,90141,41012,67933,94726,98310,756
Total current liabilities:71,29180,06548,29161,09652,60033,928
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,4993,7323,99311,59114,32912,158
Long-term debt, excluding current maturities   21,703   
Capital lease obligations1,709
Finance lease, liability3052395011,1091,643
Other undisclosed long-term debt and lease obligation4,1953,493(21,254)7,1849,44310,449
Liabilities, other than long-term debt2,1023,3393,5873,6503,427280
Accounts payable and accrued liabilities      280
Other liabilities2,1023,3393,5873,6503,427 
Operating lease, liability   3,0423,2983,243
Other undisclosed noncurrent liabilities   21,7037424,264 
Total noncurrent liabilities:6,6017,07129,28315,98222,01912,439
Total liabilities:77,89287,13677,57477,07874,62046,366
Temporary equity, carrying amount5,2745,0334,805   
Equity
Equity, attributable to parent68,89142,15551,50174,55881,591100,180
Common stock434343373333
Additional paid in capital167,768165,444163,893149,684137,810136,752
Accumulated other comprehensive loss(6,988)(6,735)(6,561)(5,851)(6,111)(6,138)
Accumulated deficit(91,933)(116,597)(105,874)(69,312)(50,141)(30,467)
Equity, attributable to noncontrolling interest673142(31)(120)(48)
Other undisclosed equity(134)(134)(134)(134)(134)(134)
Total equity:68,82342,05251,40974,39381,33699,998
TOTAL LIABILITIES AND EQUITY:151,990134,221133,788151,471155,956146,364

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues73,52157,34571,35484,04979,582109,723
Revenue from related parties   70,000  
Cost of revenue
(Cost of Goods and Services Sold)
(58,983)(67,173)(64,999)(70,372)(64,648)(69,014)
Other undisclosed gross profit  18,650    
Gross profit:14,5388,8226,35513,67714,93440,708
Operating expenses(32,482)(36,609)(39,159)(33,946)(33,698)(45,702)
Operating loss:(17,944)(27,787)(32,804)(20,269)(18,764)(4,994)
Nonoperating income (expense)(2,412)(729)(778)94(99)99
Gain (loss), foreign currency transaction, before tax(860)(724)(778)94(99)99
Other nonoperating expense(1,552)(5)    
Interest and debt expense(6,160)(4,262)(3,111)(2,973)(2,667)(3,227)
Other undisclosed income from continuing operations before equity method investments, income taxes41,439     
Income (loss) from continuing operations before equity method investments, income taxes:14,924(32,778)(36,692)(23,148)(21,529)(8,121)
Loss from equity method investments(1,252)     
Other undisclosed income (loss) from continuing operations before income taxes1,2522,0837834,0172,168(1,380)
Income (loss) from continuing operations before income taxes:14,924(30,695)(35,909)(19,131)(19,361)(9,502)
Income tax expense (benefit)76463(413)24(386)149
Income (loss) from continuing operations:15,688(30,632)(36,323)(19,107)(19,747)(9,353)
Loss before gain (loss) on sale of properties:(24,642)(36,323)(19,107)(19,747)(9,353)
Other undisclosed net loss(1,252)     
Net income (loss):14,435(30,632)(36,323)(19,107)(19,747)(9,353)
Net income (loss) attributable to noncontrolling interest(25)(63)(73)(64)7348
Net income (loss) attributable to parent:14,410(30,695)(36,395)(19,171)(19,674)(9,305)
Other undisclosed net loss available to common stockholders, basic(469)(394)(166)   
Net income (loss) available to common stockholders, diluted:13,941(31,090)(36,562)(19,171)(19,674)(9,305)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income (loss):14,435(30,632)(36,323)(19,107)(19,747)(9,353)
Other comprehensive income     27 
Other undisclosed comprehensive income (loss)(427)(677)(710)261 (348)
Comprehensive income (loss):14,008(31,309)(37,032)(18,846)(19,720)(9,701)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(25)(63)(73)(64)7348
Comprehensive income (loss), net of tax, attributable to parent:13,983(31,372)(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.

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