S&W Seed Co. (SANW) reported an increased loss for its second quarter than it did for the same period last year. The corporation revealed a bottom line of negative $6.47 million or -15 cents per share, compared to last year's second quarter which was negative $5.99 million or -14 cents per share.
After excluding certain items, S&W Seed Co. disclosed an adjusted earnings of negative $5.41 million or -13 cents per share for the period. Interestingly, the organisation's income for the quarter dropped by 16.1%, down to $10.86 million from $12.94 million last year.
For a quick overview, here is the S&W Seed Co. earnings summarised according to the Generally Accepted Accounting Principles (GAAP):
- Earnings in the second quarter: negative $6.47 million versus negative $5.99 million from the previous year.
- Earnings per share in the second quarter: -15 cents versus -14 cents from the previous year.
- Revenue in the second quarter: $10.86 million versus $12.94 million from the previous year.
