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Benzinga
Benzinga
Business
Adam Eckert

UNBELIEVABLE: Why origin agritech shares are surging today | History Defined

Origin

Origin Agritech Ltd (NASDAQ:SEED) is trading significantly higher Monday after the company said it expects full-year 2022 revenue to exceed 150 million RMB ($23.58 million).

Origin Agritech expects revenues to grow in excess of 300% in 2022, which should result in the company reaching profitability. Origin attributed the anticipated revenue growth to growth in its existing hybrid seed business and the addition of a new revenue stream of selling nutritionally enhanced crops to feedstock companies.

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