S&W Seed Co. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, amounted to a loss of 1 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 11 cents per share.
The per-share loss narrowed 68.6% year over year from 3 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $151,680, compared with a loss of $397,410 in the year-earlier period.
The normalized profit margin climbed to negative 0.6% from negative 2.9% in the year-earlier period.
Total revenue grew 75.0% year over year to $24.1 million from $13.8 million, and total operating expenses grew 68.5% year over year to $23.9 million from $14.2 million.
Reported net income came to $1.4 million, or 10 cents per share, compared to a loss of $1.5 million, or a loss of 13 cents per share, in the year-earlier period.