S&W Seed Co
NASDAQ:SANW
Income Statement
Earnings Waterfall
S&W Seed Co
Revenue
|
68m
USD
|
Cost of Revenue
|
-52.4m
USD
|
Gross Profit
|
15.6m
USD
|
Operating Expenses
|
-31.4m
USD
|
Operating Income
|
-15.9m
USD
|
Other Expenses
|
27.9m
USD
|
Net Income
|
12m
USD
|
Income Statement
S&W Seed Co
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
41
N/A
|
45
+10%
|
52
+15%
|
47
-8%
|
50
+5%
|
72
+45%
|
81
+13%
|
85
+5%
|
96
+12%
|
90
-6%
|
96
+7%
|
96
+0%
|
96
+0%
|
92
-4%
|
75
-18%
|
74
-2%
|
70
-5%
|
72
+3%
|
64
-11%
|
79
+24%
|
78
-2%
|
73
-6%
|
110
+51%
|
96
-13%
|
90
-6%
|
101
+12%
|
80
-21%
|
81
+2%
|
84
+3%
|
87
+4%
|
84
-4%
|
86
+2%
|
83
-3%
|
74
-11%
|
71
-4%
|
76
+6%
|
76
+0%
|
70
-7%
|
74
+4%
|
70
-5%
|
68
-3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(35)
|
(36)
|
(42)
|
(38)
|
(41)
|
(58)
|
(65)
|
(68)
|
(76)
|
(72)
|
(78)
|
(78)
|
(77)
|
(72)
|
(59)
|
(57)
|
(54)
|
(55)
|
(49)
|
(62)
|
(60)
|
(57)
|
(69)
|
(58)
|
(54)
|
(63)
|
(65)
|
(68)
|
(70)
|
(74)
|
(70)
|
(71)
|
(69)
|
(63)
|
(65)
|
(68)
|
(67)
|
(60)
|
(59)
|
(55)
|
(52)
|
|
Gross Profit |
6
N/A
|
9
+56%
|
10
+14%
|
9
-10%
|
9
-5%
|
14
+64%
|
17
+18%
|
17
+4%
|
19
+12%
|
18
-8%
|
18
+4%
|
18
0%
|
20
+6%
|
20
+1%
|
16
-19%
|
17
+3%
|
16
-3%
|
17
+5%
|
15
-12%
|
18
+21%
|
18
+0%
|
16
-10%
|
41
+154%
|
38
-6%
|
36
-6%
|
37
+5%
|
15
-60%
|
14
-9%
|
13
-1%
|
13
-2%
|
14
+4%
|
15
+10%
|
15
-3%
|
11
-24%
|
6
-43%
|
8
+21%
|
9
+14%
|
11
+20%
|
15
+38%
|
15
+4%
|
16
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(8)
|
(9)
|
(9)
|
(9)
|
(11)
|
(12)
|
(12)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(17)
|
(17)
|
(18)
|
(19)
|
(19)
|
(19)
|
(18)
|
(18)
|
(20)
|
(22)
|
(27)
|
(30)
|
(32)
|
(33)
|
(34)
|
(35)
|
(36)
|
(36)
|
(36)
|
(37)
|
(38)
|
(37)
|
(38)
|
(37)
|
(37)
|
(35)
|
(32)
|
(32)
|
(31)
|
|
Selling, General & Administrative |
(6)
|
(7)
|
(7)
|
(7)
|
(9)
|
(9)
|
(8)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(11)
|
(11)
|
(12)
|
(12)
|
(12)
|
(12)
|
(11)
|
(10)
|
(11)
|
(13)
|
(16)
|
(18)
|
(20)
|
(21)
|
(21)
|
(21)
|
(22)
|
(22)
|
(22)
|
(23)
|
(24)
|
(24)
|
(25)
|
(24)
|
(23)
|
(24)
|
(22)
|
(23)
|
(23)
|
|
Research & Development |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(9)
|
(8)
|
(8)
|
(7)
|
(7)
|
(6)
|
(5)
|
(5)
|
(4)
|
|
Depreciation & Amortization |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
|
Operating Income |
(2)
N/A
|
0
N/A
|
1
+2 650%
|
(1)
N/A
|
(2)
-310%
|
2
N/A
|
4
+94%
|
1
-66%
|
4
+161%
|
2
-55%
|
2
+20%
|
2
-4%
|
3
+44%
|
3
-2%
|
(2)
N/A
|
(2)
-7%
|
(3)
-26%
|
(2)
+19%
|
(3)
-42%
|
0
N/A
|
(2)
N/A
|
(6)
-279%
|
14
N/A
|
9
-38%
|
4
-52%
|
4
-1%
|
(19)
N/A
|
(21)
-11%
|
(22)
-7%
|
(23)
-3%
|
(22)
+3%
|
(22)
+2%
|
(23)
-7%
|
(26)
-12%
|
(31)
-20%
|
(29)
+8%
|
(28)
+4%
|
(24)
+14%
|
(18)
+25%
|
(17)
+3%
|
(16)
+9%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(5)
|
(6)
|
(7)
|
(7)
|
(5)
|
(4)
|
(5)
|
(4)
|
(3)
|
(1)
|
1
|
0
|
(1)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
32
|
31
|
30
|
30
|
|
Non-Reccuring Items |
(1)
|
(1)
|
0
|
0
|
(0)
|
(1)
|
(2)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(19)
|
(19)
|
(18)
|
(18)
|
2
|
2
|
2
|
3
|
2
|
2
|
2
|
1
|
(2)
|
(2)
|
0
|
(0)
|
1
|
1
|
1
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
2
|
2
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(1)
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(2)
|
0
|
0
|
(0)
|
1
|
4
|
4
|
5
|
4
|
1
|
1
|
0
|
(2)
|
(2)
|
(2)
|
(1)
|
|
Pre-Tax Income |
(4)
N/A
|
(2)
+57%
|
1
N/A
|
(1)
N/A
|
(3)
-273%
|
(3)
+14%
|
(4)
-37%
|
(6)
-45%
|
(4)
+36%
|
(3)
+21%
|
(2)
+31%
|
(3)
-62%
|
(2)
+44%
|
(1)
+68%
|
(4)
-624%
|
(2)
+61%
|
(3)
-93%
|
(3)
-8%
|
(5)
-35%
|
(3)
+40%
|
(5)
-90%
|
(10)
-94%
|
(10)
+7%
|
(15)
-53%
|
(18)
-26%
|
(18)
+1%
|
(19)
-6%
|
(22)
-11%
|
(23)
-8%
|
(22)
+5%
|
(19)
+13%
|
(19)
+3%
|
(20)
-6%
|
(25)
-25%
|
(36)
-46%
|
(34)
+5%
|
(31)
+10%
|
8
N/A
|
15
+80%
|
14
-3%
|
14
-2%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
1
|
1
|
(0)
|
0
|
1
|
1
|
1
|
2
|
2
|
3
|
2
|
2
|
1
|
0
|
(8)
|
(9)
|
(9)
|
(8)
|
3
|
3
|
3
|
3
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(1)
|
(0)
|
(0)
|
0
|
1
|
1
|
1
|
1
|
|
Income from Continuing Operations |
(3)
|
(1)
|
0
|
(1)
|
(2)
|
(2)
|
(3)
|
(4)
|
(1)
|
(0)
|
0
|
(1)
|
(1)
|
(0)
|
(12)
|
(10)
|
(12)
|
(12)
|
(2)
|
0
|
(2)
|
(7)
|
(9)
|
(14)
|
(18)
|
(18)
|
(20)
|
(22)
|
(24)
|
(22)
|
(19)
|
(18)
|
(20)
|
(25)
|
(36)
|
(34)
|
(31)
|
9
|
16
|
15
|
15
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(2)
|
(3)
|
|
Net Income (Common) |
(3)
N/A
|
(1)
+57%
|
0
N/A
|
(1)
N/A
|
(2)
-306%
|
(2)
-3%
|
(3)
-42%
|
(4)
-30%
|
(1)
+70%
|
(0)
+83%
|
0
N/A
|
(1)
N/A
|
(1)
-20%
|
(0)
+64%
|
(12)
-2 710%
|
(10)
+12%
|
(12)
-15%
|
(12)
+4%
|
(5)
+59%
|
(3)
+39%
|
(5)
-82%
|
(10)
-97%
|
(9)
+10%
|
(14)
-53%
|
(18)
-27%
|
(18)
+0%
|
(20)
-9%
|
(22)
-11%
|
(24)
-8%
|
(22)
+6%
|
(19)
+14%
|
(18)
+4%
|
(20)
-7%
|
(25)
-28%
|
(37)
-45%
|
(35)
+5%
|
(31)
+11%
|
8
N/A
|
14
+69%
|
13
-10%
|
12
-4%
|
|
EPS (Diluted) |
-0.22
N/A
|
-0.1
+55%
|
0.03
N/A
|
-0.05
N/A
|
-0.19
-280%
|
-0.17
+11%
|
-0.25
-47%
|
-0.3
-20%
|
-0.1
+67%
|
-0.02
+80%
|
0.02
N/A
|
-0.05
N/A
|
-0.07
-40%
|
-0.04
+43%
|
-0.67
-1 575%
|
-0.51
+24%
|
-0.56
-10%
|
-0.47
+16%
|
-0.2
+57%
|
-0.11
+45%
|
-0.18
-64%
|
-0.31
-72%
|
-0.31
N/A
|
-0.44
-42%
|
-0.55
-25%
|
-0.55
N/A
|
-0.59
-7%
|
-0.65
-10%
|
-0.7
-8%
|
-0.65
+7%
|
-0.55
+15%
|
-0.52
+5%
|
-0.52
N/A
|
-0.65
-25%
|
-0.93
-43%
|
-0.81
+13%
|
-0.74
+9%
|
0.19
N/A
|
0.32
+68%
|
0.3
-6%
|
0.29
-3%
|