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Benson Hill, Inc. (NYSE: BHIL) is a cutting-edge crop improvement company dedicated to unlocking the natural genetic diversity of plants. Through its revolutionary CropOS™ platform, Benson Hill integrates machine learning (ML), big data, genome editing, and plant biology to significantly accelerate and simplify the product development process. This innovative approach empowers agricultural innovators to develop healthier and more sustainable crops.
Benson Hill operates in one main business segment: Ingredients. The company specializes in soy protein innovation and focuses on seed innovation through proprietary germplasm and the CropOS platform. By leveraging AI and ML, the platform integrates protein, genomic, and strategic data for predictive breeding, which is further accelerated by the company's Crop Accelerator for rapid prototyping.
The company's seed portfolio is being developed for various applications, including protein ingredients, aquaculture, specialty animal feed, and vegetable oils. Revenue is categorized into two main types: Proprietary and Non-Proprietary. Proprietary revenue comes from the sale of proprietary beans, while Non-Proprietary revenue includes all other sources.
Recent achievements and current projects highlight Benson Hill's commitment to modernizing our food system and developing sustainable agricultural solutions. The company continues to make strides in soy protein innovation, predictive breeding, and rapid prototyping to stay at the forefront of ag-tech advancements.
For more information about Benson Hill and their latest updates, visit www.bensonhillbio.com.
Benson Hill announced a transition to a licensing model, reporting revenues of $21.1 million with improved gross profit and reduced operating expenses. The company strengthened its balance sheet, divesting processing assets, retiring high-cost debt, and expanding partnerships. Strategic milestones were achieved, focusing on innovative soybean varieties, cost-effective animal feed solutions, and talent acquisitions. Despite a decrease in reported revenues, Benson Hill's profitability improved, with a focus on high-margin contracts.
Benson Hill, Inc. has appointed Dan Cosgrove as Chief Administrative Officer and General Counsel, effective May 10, 2024. Cosgrove, a former CEO of Growers Edge, brings extensive experience in the agriculture industry and will be responsible for business development, compliance, and legal matters at Benson Hill. The company aims to leverage his expertise to drive strategic initiatives and transition to an asset-light business model.
Benson Hill, Inc. (NYSE: BHIL) conducted a feeding trial with Perdue Farms, demonstrating the benefits of using soybean meal derived from their UHP-LO soybeans in broiler diets. The results showed a significant reduction in feed costs while maintaining performance due to the higher protein and metabolizable energy in their proprietary soybean genetics. This validates years of soybean breeding efforts and showcases the potential of their innovative soybean meal option in animal feed markets.
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