S&W Seed Company (NASDAQ:SANW) Q4 2019 Earnings Conference Call - Final Transcript

Sep 18, 2019 • 11:00 am ET


S&W Seed Company (NASDAQ:SANW) Q4 2019 Earnings Conference Call - Final Transcript


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Good day and welcome to the S&W Seed Company Fourth Quarter and Fiscal Year 2019 Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Robert Blum with Lytham Partners. Please go ahead.

Robert A. Blum

Thank you so much, and thank all of you for joining us today to discuss the financial results for S&W Seed Company for fiscal year 2019 ended June 30th, 2019. With us on the call represent the company today are Mark Wong, President and Chief Executive Officer; and Matthew Szot, Chief Financial Officer. At the conclusion of today's prepared remarks, we will open the call for a question-and-answer session.

Before we begin with prepared remarks, we submit for the record the following statement. Statements made by the management team of S&W Seed Company during the course of this conference call may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended, and such forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995.

Forward-looking statements describe future expectations, plans, results or strategies and are generally preceded by words such as may, future, plan or planned, will or should, expected, anticipates, draft, eventually or projected. Listeners are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors and other risks identified in the company's 10-K for the fiscal year ended June 30th, 2018, and other filings made by the company with the Securities and Exchange Commission.

With that said, let me turn the call over to Mark Wang, Chief Executive Officer for S&W Seed Company. Mark?

Mark Wong

Thank you very much and welcome everybody today to the call. Matt and I would like to use this opportunity to really recap 2019 and the progress that S&W made, which we think was important and substantial in that fiscal year that has just ended and that we're reporting on today.

As you all know who follow the company, we did a couple of really important and large transactions in 2019, the first in October 2018 closing was acquisition of the Chromatin assets. Chromatin was a large important company in the sorghum market in the US and around the world in the top five probably. We were able to acquire the company and all of its production assets, its production plants, its breeding germplasm, its breeding stations, the technology that they had in herbicide resistance in sorghum and, most importantly, sales and marketing organization and products that were ready to go to market in the next year, the 2020 S&W fiscal year. And we