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Origin Agritech Limited (SEED)
NASDAQ:SEED
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.03Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 10, 2025
|% Change Since: -22.61%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant revenue growth and technological advancements, such as the GMO safety certificate and gene editing breakthroughs. However, these were tempered by challenges including decreased net income and increased expenses.Company Guidance
During the Origin Agritech Fiscal Year 2024 Earnings Conference Call, CEO Weibin Yan and CFO Patrick Cheng presented a comprehensive update on the company's financial and strategic performance. The company reported a 24.6% increase in revenue, reaching $16.2 million, primarily driven by increased corn seed sales. Origin Agritech achieved significant milestones, including obtaining a GMO safety certificate for their BBL2-2 transgenic maize and advancing gene editing technology. While general and administrative expenses rose to $5.1 million, reflecting investments in talent and systems, R&D spending also increased to $1.5 million. The company's net income from continuing operations was $2.7 million, down from the previous year's $8.7 million due to one-time gains from subsidiary disposals. With $1.2 million in cash and cash equivalents, Origin Agritech aims for cash flow breakeven and plans further expansion, targeting a top-five position in China's corn seed industry by 2030-2032. The call emphasized the company's strategic roadmap and confidence in achieving long-term growth and profitability through biotechnology innovation and expanded seed offerings.Revenue Growth
Origin Agritech achieved a revenue of $16.2 million in fiscal year 2024, representing a 24.6% increase from the previous year.
GMO Safety Certificate
Received a GMO safety certificate for BBL2-2 transgenic maize, enhancing insect resistance and herbicide tolerance.
Gene Editing Breakthrough
Published breakthrough in induction line gene editing technology, allowing for faster development of improved maize traits.
New Product Pipeline
Eight new varieties launching in 2025, targeting different regions with several more in advanced trials.
Increased R&D Investment
R&D investment increased to $1.5 million from $1 million, advancing biotechnology platforms and developing new seed varieties.
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SEED Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SEED Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 10, 2025 | $2.61 | $2.39 | -8.43% |
| May 15, 2024 | $5.70 | $5.45 | -4.39% |
| Jan 08, 2024 | $2.02 | $2.02 | 0.00% |
| Jul 18, 2023 | $4.50 | $4.35 | -3.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Origin Agritech Limited (SEED) report earnings?
Origin Agritech Limited (SEED) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Origin Agritech Limited (SEED) earnings time?
Origin Agritech Limited (SEED) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SEED EPS forecast?
Currently, no data Available
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