Company profile

Ticker
SANW
Exchange
CEO
Mark W. Wong
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
271275784

SANW stock data

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FINRA relative short interest over last month (20 trading days) ?

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

12 Feb 20
23 Feb 20
30 Jun 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 12.35M 12.27M 18.18M
Net income -6.66M -4.93M -3.22M -3.34M
Diluted EPS -0.2 -0.15 -0.1 -0.1
Net profit margin -53.95% -40.13% -18.39%
Operating income -5.94M -4.22M -929.52K -2.72M
Net change in cash 1.29M -2.36M 548.3K 412.12K
Cash on hand 2.35M 1.07M 3.43M 2.88M
Cost of revenue 10.16M 9.2M 13.39M
Annual (USD) Jun 19 Jun 18 Jun 17 Jun 16
Revenue 109.72M 64.09M 75.37M 96.04M
Net income -9.31M -4.73M -11.82M 365.23K
Diluted EPS -0.31 -0.21 -0.67 0.02
Net profit margin -8.48% -7.37% -15.68% 0.38%
Operating income -4.99M -2.99M -2.41M 2.04M
Net change in cash -889.09K 3.58M -6.16M 3.37M
Cash on hand 3.43M 4.32M 745K 6.9M
Cost of revenue 69.01M 49.33M 59.23M 77.65M

Financial data from S&W Seed earnings reports

77.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 31 34 -8.8%
Opened positions 5 3 +66.7%
Closed positions 8 1 +700.0%
Increased positions 5 8 -37.5%
Reduced positions 7 5 +40.0%
13F shares
Current Prev Q Change
Total value 54.56M 60.42M -9.7%
Total shares 25.68M 25.39M +1.1%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Price Michael F 15.95M $33.49M 0.0%
Wynnefield Capital 4.22M $8.87M 0.0%
Cutter & CO Brokerage 1.25M $2.62M +3.6%
Vanguard 709.19K $1.49M 0.0%
TETAA Teton Advisors 510K $1.07M 0.0%
Alta Fundamental Advisers 489.58K $1.03M -6.1%
Old West Investment Management 440.32K $924K -29.2%
Fairpointe Capital 407.05K $855K 0.0%
Bard Associates 340.93K $1.36M NEW
Koshinski Asset Management 231.83K $462K NEW
Largest transactions
Shares Bought/sold Change
Bard Associates 340.93K +340.93K NEW
Koshinski Asset Management 231.83K +231.83K NEW
Old West Investment Management 440.32K -181.64K -29.2%
ZPR Investment Management 0 -75.72K EXIT
Cutter & CO Brokerage 1.25M +43.3K +3.6%
Alta Fundamental Advisers 489.58K -32K -6.1%
Renaissance Technologies 50.99K +24.88K +95.3%
B. Riley Wealth Management 0 -21.64K EXIT
Horizon Kinetics Asset Management 0 -20.55K EXIT
Wellington Management 0 -16.43K EXIT

Financial report summary

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Competition
CeresUsaUnionCorteva
Risks
  • Our earnings can be negatively impacted by declining demand brought on by varying factors, many of which are out of our control.
  • Our earnings may also be sensitive to fluctuations in market prices for seed.
  • Adverse weather conditions, natural disasters, crop disease, pests and other natural conditions can impose significant costs and losses on our business.
  • Because our seed business is highly seasonal, our revenue, cash flows from operations and operating results may fluctuate on a seasonal and quarterly basis.
  • We have had a material concentration of revenue from a small group of customers that fluctuates, and the loss of any of these customers in any quarter could have a material adverse effect on our revenue.
  • Because we depend on a core group of significant customers, our sales, cash flows from operations and results of operations may be negatively affected if our key customers reduce the amount of products they purchase from us.
  • Our ability to contract for sufficient acreage presents challenges.
  • A lack of availability of water in any of our production areas could impact our business.
  • We face intense competition, and our inability to compete effectively for any reason could adversely affect our business.
  • Our third-party distributors may not effectively distribute our products.
  • We extend credit to our largest international customer and to certain of our other international customers, which exposes us to the difficulties of collecting our receivables in foreign jurisdictions if those customers fail to pay us.
  • The future demand for our non-dormant alfalfa seed varieties in Saudi Arabia is uncertain.
  • If we fail to introduce and commercialize new seed products, we may not be able to maintain market share, and our future sales may be harmed.
  • The presence of GMO alfalfa in Australia or California could impact our sales.
  • The stevia market may not develop as we anticipate, and therefore our continued research and development activities with respect to stevia may never become profitable to us.
  • We may not be able to manage expansion of our operations effectively.
  • We may be unable to successfully integrate the businesses we have recently acquired and may acquire in the future with our current management and structure.
  • The diversion of management's attention and costs associated with acquisitions may have a negative impact on our business.
  • S&W Australia's alfalfa seed grower pool is dependent on a limited number of milling facilities to process its seed, with particular dependence on a dominant operator whose commercial interests may be adverse to S&W Australia.
  • S&W Australia is thinly capitalized and may become dependent upon us for financing.
  • S&W Australia’s reliance upon an estimated purchase price to growers could result in changes in estimates in our consolidated financial statements.
  • We may need to raise additional capital in the future.
  • Changes in government policies and laws could adversely affect international sales and therefore our financial results.
  • Failure to comply with the United States Foreign Corrupt Practices Act or similar laws could subject us to penalties and other adverse consequences.
  • Environmental regulation affecting our alfalfa seed, sorghum, sunflower or stevia products could negatively impact our business.
  • Insurance covering defective seed claims may become unavailable or be inadequate.
  • We may be exposed to product quality claims, which may cause us to incur substantial legal expenses and, if determined adversely against us, may cause us to pay significant damage awards.
  • If we are unable to protect our intellectual property rights, our business and prospects may be harmed.
  • Raising additional capital may cause dilution to our stockholders or restrict our operations.
  • The value of our common stock can be volatile.
  • Our quarter-to-quarter performance may vary substantially, and this variance, as well as general market conditions, may cause the price of our securities to fluctuate greatly and potentially expose us to litigation.
  • Our actual operating results may differ significantly from our guidance.
  • We do not anticipate declaring any cash dividends on our common stock.
  • Anti-takeover provisions and our right to issue preferred stock could make a third-party acquisition of us difficult.
Management Discussion
  • Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations.
  • You should read the following discussion of our financial condition and results of operations in conjunction with our consolidated financial statements and the related notes included in Part I, Item 1, “Financial Statements” of this Quarterly Report on Form 10-Q. In addition to our historical consolidated financial information, the following discussion contains forward-looking statements that reflect our plans, estimates, and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements as referred to on page 2 of this Quarterly Report on Form 10-Q. Factors that could cause or contribute to these differences include those discussed in our Annual Report on Form 10-K for the fiscal year ended June 30, 2019, particularly in Part I, Item 1A, “Risk Factors”, as updated in Part II, Item 1A. “Risks Factors” of this Quarterly Report on Form 10-Q.
  • We are a global multi-crop, middle-market agricultural company. We are market leaders in the breeding, production and sale of alfalfa seed and sorghum seed. We also have a growing commercial market presence in sunflower and maintain an active stevia development program.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: Agriscience, case, CIBC, Colorado, intellectual, LIBOR, Longmont, Mexico, released, Rooster, sublimit, unused, USA
Removed: contingent, coupled