Double Team Revenue Growth
Double Team sorghum's revenue grew 68% from $6.5 million in fiscal 2023 to $10.9 million last year, with gross margins of approximately 70%.
High Margin Sorghum Portfolio
Sorghum operations, led by Double Team, demonstrate strong market adoption and are expected to be planted on 12% to 14% of grain sorghum acres in the U.S. for 2025.
Positive Margin Outlook
Overall gross margins for fiscal 2025 are expected to be between 33% and 36%, compared to 26.2% last year, indicating a 700 to 900 basis point improvement.
Sorghum Expansion Initiatives
Several strategic initiatives, including licensing agreements and global partnerships, are in place to expand the market share of S&W sorghum traits.
Biofuel Joint Venture
The partnership with Shell for biofuel development remains intact, focusing on the development of camelina and other oilseed species.