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S&W Seed fiscal Q2 loss narrows YOY

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.