S&W Seed Company (SANW)

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Financial Highlights When Comparing Six Months Ended December 31, 2010 to Six Months Ended December 31, 2009:

Total revenues were $1,842,799, a 60% decrease from $4,661,198.

For the reason noted above*, revenues from alfalfa seeds totaled $1,195,739, down from $4,076,111.

As anticipated, revenues from seed milling and related services normalized and increased 11% to $647,060 from $585,087.

Gross profit margin on sales rose to 45% from 31%, due to higher margin sales of seed cleaning and processing services.

Total operating expenses increased 218% to $1,407,238 from $443,122.

The net loss totaled $336,276, or $0.06 loss per basic and diluted share, compared to net income of $849,730, or $0.28 earnings per basic and diluted share.

As of December 31, 2010, assets totaled $17.52 million; working capital was $11.86 million; there was zero long term debt and stockholders' equity totaled $14.98 million.



*excerpted from:
http://ih.advfn.com/p.php?pid=nmona&article=46455178&symbol=SANW