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Benson Hill, Inc. - BHIL STOCK NEWS

Welcome to our dedicated page for Benson Hill news (Ticker: BHIL), a resource for investors and traders seeking the latest updates and insights on Benson Hill stock.

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.

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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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Benson Hill, an ag tech company, is set to release its financial results for the first quarter of 2024 on May 9, 2024. The results will showcase the company's performance and financial standing, providing investors with valuable insights into its growth trajectory.
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Benson Hill, Inc. (NYSE:BHIL) announced financial results for 2023, retiring senior convertible debt, ending with $48.9 million in cash. Revenues increased by 24%, with a gross profit increase of $20.1 million. Net loss from continuing operations was $111.3 million. Adjusted EBITDA loss improved by over 40%. The company is focusing on an asset-light business model in animal feed markets.
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Benson Hill, Inc. (NYSE: BHIL) announces the full retirement of high-interest senior convertible debt and the sale of its Creston, Iowa processing business for $72 million to White River Soy Processing. The company emphasizes its commitment to seed innovations and asset efficiency, transitioning to an asset-light business model.
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Benson Hill, Inc. (NYSE: BHIL) appoints Susan Keefe as CFO effective March 29, 2024, succeeding Dean Freeman. Keefe, a seasoned enterprise leader, brings deep life sciences and biotechnology industry experience. The move aims to reshape the organization towards an asset-light partnership model, enhancing financial profile and genetic value.
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Benson Hill, Inc. (NYSE: BHIL) has announced the release of its financial results for the full year and fourth quarter ending Dec. 31, 2023. The company will host a webcast to discuss the results and expects to file its 2023 audited financial statements within its Annual Report on Form 10-K by March 14, 2024.
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Benson Hill, Inc. (NYSE: BHIL) has made significant progress in its soybean breeding program, with a 45% reduction in yield drag and a 2% increase in protein levels in its proprietary soybean varieties. The company aims to launch five new soybean varieties in 2024 with higher protein levels and improved field performance. Benson Hill also plans to launch herbicide tolerance in soybean varieties used for food ingredients in 2025, and expects to double its seed portfolio by 2025, offering two dozen varieties that encompass protein, lower indigestible sugars, and quality oil.
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BHIL: Benson Hill Announces Q3 2023 Financial Results, Reports 8% Revenue Decrease, Improves 2023 Outlook, and Pays Down Debt. Despite challenges in soy crush margins and reduced demand for proprietary products, the company saw a 27% increase in proprietary revenues. Gross profit was $4.1 million, with a net loss from continuing operations of $19.2 million. The company ended the quarter with $86.2 million in cash, restricted cash, and marketable securities.
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Benson Hill, a food tech company, has transferred ownership of its soybean crush facility in Seymour, Indiana to White River Soy Processing for $36 million. The proceeds will be used to improve liquidity, pay down debt, and reduce costs. The facility has been owned by Benson Hill since 2021. Approximately 30 team members will become employees of White River, and contracts with farmer partners will be honored.
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Benson Hill, a food tech company, plans to improve its financial position and transition to an asset-light business model. They will focus on expanding into animal feed markets while continuing their work in human food ingredients. The company aims to retire high-cost debt, extend liquidity, and collaborate with industry partners. Deanie Elsner has been appointed as the permanent CEO.
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FAQ

What is the current stock price of Benson Hill (BHIL)?

The current stock price of Benson Hill (BHIL) is $6.97 as of November 1, 2024.

What is the market cap of Benson Hill (BHIL)?

The market cap of Benson Hill (BHIL) is approximately 38.8M.

What does Benson Hill, Inc. specialize in?

Benson Hill specializes in crop improvement and soy protein innovation, focusing on healthier and more sustainable crop development.

What is the CropOS™ platform?

The CropOS™ platform combines machine learning, big data, genome editing, and plant biology to accelerate and simplify the crop development process.

What business segment does Benson Hill operate in?

Benson Hill operates in the Ingredients segment, focusing on seed innovation and soy protein.

How does Benson Hill generate revenue?

Revenue is disaggregated into Proprietary (sales of proprietary beans) and Non-Proprietary (all other sources) categories.

What applications are Benson Hill's seeds being developed for?

The seeds are developed for protein ingredients, aquaculture, specialty animal feed, and vegetable oils.

What recent achievements has Benson Hill made?

Benson Hill has made significant advancements in soy protein innovation, predictive breeding, and rapid prototyping.

Where can I find more information about Benson Hill?

More information can be found on their official website, www.bensonhillbio.com.

What is the company's approach to seed innovation?

Benson Hill uses their proprietary germplasm and the CropOS platform, integrating protein, genomic, and strategic data for predictive breeding.

What makes the CropOS platform revolutionary?

The integration of AI, ML, big data, and genome editing in the CropOS platform drastically accelerates and simplifies product development.

How does Benson Hill contribute to a sustainable food system?

By developing healthier and more sustainable crops through innovative genetic and technological methods, Benson Hill is modernizing the food system.

Benson Hill, Inc.

NYSE:BHIL

BHIL Rankings

BHIL Stock Data

38.78M
6.12M
40.07%
21.95%
1.41%
Agricultural Inputs
Food and Kindred Products
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United States of America
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