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SANW - S&W reports preliminary Q1 revenue above the consensus
S&W Seed Company
S&W Seed ( NASDAQ: SANW ) expects total 1Q23 revenues to be in the range of $19.5M to $20M, representing an increase of 26% Y/Y vs consensus of $17M .
The company expects gross margins to be in the range of 22.5% to 22.9%, an improvement compared to gross margins of 20.1% in last year's first quarter.
Adjusted EBITDA expected to be $(1.8)M to $(1.6)M, compared to adjusted EBITDA of $(4.0)M in the first quarter of fiscal 2022.