S&W Seed Company (NASDAQ:SANW) Q3 2020 Earnings Conference Call - Final Transcript

May 14, 2020 • 11:00 am ET


S&W Seed Company (NASDAQ:SANW) Q3 2020 Earnings Conference Call - Final Transcript


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Good morning. Welcome to S&W Seed Company Third Quarter Fiscal Year 2020 Financial Results. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Robert Blum from Lytham Partners. Go ahead.

Robert Blum

Thank you so much operator and thank all of you for joining us today to discuss the financial results for S&W Seed Company for the third quarter of fiscal 2020 ended March 31st, 2020. With us on the call representing the company today are Mr. 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, 2019 and other filings made by the company with the Securities and Exchange Commission.

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

Mark Wong

Thank you, Robert and good morning to everyone on the call this morning. I'm going to divide my talk this morning into three pieces. I'm going to obviously address COVID-19 and sort of the pandemic world that we are all operating in today. I'm going to then talk a little bit about how COVID-19 affects some of the ag markets that we're in and how we sort of view those effects.

And lastly, obviously I'm going to focus those thoughts and logics on S&W and tell you a little bit about what we're doing to deal with that and what we see as the near-term future of the company within what we're calling a pandemic world. So, COVID-19. Obviously, it's in the news all the time, maybe more than we even want to hear anymore. And in the US, we're opening up the country after flattening the curve