S&W Seed sees FY24 revenue on lower end of $76M-$82M guidance

The company said, “Due to the dynamics in the MENA region potentially impacting international alfalfa operations, S&W expects FY24 revenue to be on the lower end of the previously communicated range of $76M-$82M. The Company continues to expect revenue from the Company’s Double Team sorghum solutions to be $11.5M-$14.0M, representing an increase of 77% to 115% compared to FY23. The Company continues to expect adjusted EBITDA to be in the range of ($7.5M)-($4.0M) for FY24, compared to adjusted EBITDA of ($9.3M) in FY23. As the partnership with Shell is accounted for as an equity method investment, it is not expected to have a material impact on S&W’s full-year financial results for FY24.”