- Revenues of $6.1 million reflect a six-fold boost from the comparable quarter in fiscal 2011;
- First commercial stevia harvest completed in September 2011;
- Gross profit increased 372% to $1.8 million vs. $0.4 million in the comparable quarter;
- Gross profit margins on seed revenue were up 400 basis points to 27% versus 23% in the comparable quarter of prior year;
- Net income before income taxes was $875,000; an improvement of $1.2 million from the net loss in the comparable period of the prior year;
- EBITDA was $946,000 for the quarter, an improvement of $1.2 million versus comparable period of the prior year;
- Net income totaled $523,000; an improvement of $777,000 over the comparable period of the prior year;
- Earnings per share was $0.09 versus a loss of ($0.04) per share in the year ago period;
- S&W's purchase of Genetics International’s alfalfa seed customer base paid immediate dividends in the form of Middle Eastern market share growth, S&W brand awareness and margin expansion.
S&W Announces Financial Results For The First Quarter Ended September 30, 2011
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