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.
Inventory ShortagesSevere inventory shortages in key crop categories, specifically soybean, in Brazil during critical planting months have affected the company's outlook.
Revenue Guidance ReductionManagement reduced its FY25 guidance to project midpoint revenues of $1.2B, approximately 23% below previous guidance.