S&w seed co (SANW)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10
Revenue
Total revenue

29,091

12,353

12,272

46,845

18,176

18,580

26,120

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue
Total cost of revenue

22,667

10,160

9,199

21,071

13,388

13,897

20,657

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Seed revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,533

4,073

5,885

1,264

203

516

679

Milling and other revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

654

230

93

236

393

254

Revenue

-

-

-

-

-

-

-

-

22,949

20,532

10,711

17,886

21,012

24,225

12,249

34,634

25,013

24,141

12,254

28,723

30,527

13,793

8,164

19,564

8,130

11,460

12,378

12,723

4,208

13,685

6,719

754

2,549

4,728

6,115

1,358

439

909

933

Cost of seed revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,740

2,960

4,297

993

140

369

523

Cost of milling and other revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

243

66

29

109

77

38

Cost of revenue

-

-

-

-

-

-

-

-

16,303

15,860

8,376

14,712

15,208

19,005

10,306

27,763

19,500

20,109

10,280

22,514

23,410

11,832

6,850

15,925

6,482

9,082

10,071

10,323

5,677

12,101

5,641

923

1,747

3,204

4,364

1,022

249

446

561

Gross profit

6,424

2,192

3,072

25,773

4,787

4,683

5,463

1,099

6,645

4,672

2,335

3,173

5,803

5,220

1,943

6,871

5,513

4,031

1,974

6,208

7,117

1,961

1,313

3,638

1,648

2,377

2,307

2,400

-1,468

1,584

1,078

-168

801

1,523

1,751

336

190

462

371

Operating expenses
Selling, general and administrative expenses

5,895

5,119

4,648

5,645

4,610

4,342

2,887

2,465

2,676

2,446

2,914

4,026

2,720

2,592

2,455

3,158

2,459

2,306

2,473

2,579

2,260

2,991

1,788

2,027

1,722

1,471

1,594

2,666

1,280

1,065

750

669

633

761

707

526

614

490

534

Research and development expenses

2,041

1,671

1,588

2,082

1,824

1,373

992

1,225

1,065

855

741

827

714

748

741

715

626

732

690

838

611

217

223

193

167

246

233

230

69

102

103

43

44

61

92

110

77

127

134

Depreciation and amortization

1,209

1,346

1,064

1,066

1,171

1,035

855

841

838

870

888

850

798

842

834

809

796

791

788

968

580

310

319

318

315

317

314

320

154

150

69

71

64

65

71

62

60

60

59

Gain on disposal of property, plant and equipment

7

1

11

-7

97

-3

0

1

0

15

66

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Disposal of property, plant and equipment loss (gain)

-

-

-

-

-

-

-

-

-

-

-

-

-7

-

-

-

2

-

-

-

-24

-

-

-

6

-

-

-

-

-

-

-

1

-26

-

0

0

0

-5

Impairment charges

-

-

-

-

-

-

-

-

-

-

-

-

319

-

-

-

0

-

-

-

0

500

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

9,139

8,135

7,289

26,703

7,508

6,755

4,734

4,531

4,580

4,157

4,477

5,774

4,559

4,183

4,031

4,684

3,879

3,829

3,953

4,386

3,477

4,019

2,331

2,534

2,198

2,034

2,142

3,217

1,504

1,317

923

785

742

888

871

698

753

679

728

Loss from operations

-2,714

-5,943

-4,216

-929

-2,720

-2,071

728

-3,431

2,065

514

-2,142

-2,601

1,243

1,037

-2,088

2,186

1,633

201

-1,978

1,821

3,640

-2,058

-1,017

1,103

-550

343

165

-816

-2,973

266

154

-953

59

634

879

-362

-562

-216

-356

Other expense
Foreign currency loss (gain)

-81

112

-98

45

-4

32

25

6

27

-7

-14

-5

-2

2

3

62

-87

335

-83

-43

-33

-35

-47

30

11

-24

33

-263

0

0

0

-

-

-

-

-

-

-

-

Change in derivative warrant liabilities

-

-

-

-

-

-

-

-

0

-341

772

676

1,009

959

-1,127

-272

694

943

539

-314

-1,082

0

0

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Change in contingent consideration obligation

-

-

-

-

-

-

-

-

-

-

-

-

86

-

-

-

-48

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in contingent consideration obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

57

107

-

-

47

-95

74

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on equity method investment

-

-

-

-

-

-

-

-

-

-

-

-0

-95

0

-49

-41

-28

-129

-94

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reduction of anticipated loss on sub-lease land

-

-

-

-

-141

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in estimated value of assets held for sale

0

-7

-85

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-

-140

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

123

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense - amortization of debt discount

96

111

185

102

103

68

66

50

51

33

33

44

150

381

599

787

1,150

1,055

906

887

2,020

13

13

-

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

444

501

436

828

758

641

657

618

512

383

347

376

300

295

352

413

438

537

696

693

728

174

233

-

136

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-122

-136

-196

-8

-14

-7

-8

-4

-4

-4

-2

2

3

3

Loss before income taxes

-3,336

-6,592

-5,023

-3,336

-3,446

-2,749

30

-4,094

1,529

-251

-1,766

-2,929

1,790

1,265

-4,320

679

573

-167

-3,124

-190

-224

-2,281

-1,312

889

-688

196

62

-1,276

-2,982

252

146

-962

56

604

875

-365

-560

-213

-358

Provision (benefit) for income taxes

-7

23

1

-70

-82

-4

9

191

-248

148

51

8,161

463

106

-1,103

369

5

-1,529

-1,249

85

244

-738

-437

269

-289

85

21

-397

-1,109

106

58

-350

36

161

352

-183

-266

-130

-104

Net loss

-3,329

-6,615

-5,024

-3,265

-3,364

-2,744

20

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) including noncontrolling interests

-

-

-

-

-

-

-

-

1,778

-399

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributed to noncontrolling interests

-47

48

-98

-

-22

21

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to S&W Seed Company

-3,281

-6,664

-4,925

-3,218

-3,341

-2,766

20

-4,286

1,778

-399

-1,817

-11,091

1,327

1,158

-3,217

309

567

1,361

-1,874

-276

-469

-1,542

-874

620

-398

110

41

-879

-1,872

146

88

-611

20

443

522

-181

-293

-82

-254

Net loss attributable to S&W Seed Company per common share:
Basic

-0.10

-0.20

-0.15

-0.12

-0.10

-0.09

0.00

-0.17

0.07

-0.02

-0.09

-0.62

0.07

0.07

-0.19

0.02

0.04

0.10

-0.14

0.00

-0.04

-0.13

-0.08

0.05

-0.03

0.01

0.00

-0.11

-0.21

0.02

0.01

-0.11

0.00

0.08

0.09

-0.04

-0.05

-0.01

-0.04

Diluted

-0.10

-0.20

-0.15

-0.12

-0.10

-0.09

0.00

-0.17

0.07

-0.02

-0.09

-0.51

0.02

0.01

-0.19

0.02

0.04

0.10

-0.14

0.00

-0.04

-0.13

-0.08

0.05

-0.03

0.01

0.00

-0.11

-0.21

0.02

0.01

-0.11

0.00

0.08

0.09

-0.04

-0.05

-0.01

-0.04

Weighted average number of common shares outstanding:
Basic

33,385

33,301

33,284

33,197

33,267

29,153

24,790

24,302

24,335

21,130

20,156

17,970

17,963

17,821

17,117

16,740

15,420

14,120

13,463

14,716

13,166

11,634

11,625

11,605

11,559

11,561

11,563

11,356

9,087

7,800

6,839

6,216

5,800

5,800

5,800

5,800

5,800

5,800

5,800

Diluted

33,385

33,301

33,284

33,196

33,267

29,153

24,791

24,285

24,353

21,130

20,156

17,779

17,979

17,996

17,117

16,740

15,420

14,120

13,463

14,716

13,166

11,634

11,625

11,858

11,559

11,662

11,854

10,692

9,087

8,353

6,950

6,106

5,879

5,804

5,836

5,800

5,800

5,800

5,800