S&W Seed Q4 Loss Widens

(RTTNews) - S&W Seed Company (SANW) posted fourth-quarter net loss of $0.9 million, wider than $0.6 million in the comparable quarter last year. Loss per share for the quarter narrowed to $0.08 from $0.10 last year.

Revenue for the quarter rose to $12.7 million from $0.8 million in the year-ago period. Revenues for the quarter were driven by contributions from the company's Seed Genetics International ("SGI") operations, based in Australia, which commenced shipments from its Spring 2013 harvest in April 2013, contributing $10.4 million.

On average, two analysts polled by Thomson Reuters expected the company to report a loss of $0.05 per share on revenues of $12.50 million for the quarter. Analysts' estimates typically exclude special items.