Financial PerformanceThe company additionally reported a ($76.2M) adjusted net loss for the period, widening over 400% y/y, primarily driven by income tax headwinds and higher financing costs.
Guidance ReductionManagement reduced its FY25 guidance to project midpoint revenues of $1.2B, approximately 23% below previous guidance.
Inventory ShortagesSevere inventory shortages in key crop categories, specifically soybean, in Brazil during critical planting months have affected the company's outlook.