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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's consolidated revenues surged 179% year-over-year to $110.7 million, driven by a remarkable 312% increase in the Ingredients segment. The company's strategic partnership with ADM marks a significant milestone for scaling proprietary soy innovations. While management is assessing strategic alternatives for the Fresh business, they raised revenue guidance for 2022. The company's strong performance supports its goal of achieving $500 million in revenue by 2025, with an expected net loss of $148 million to $153 million for this year.
ADM and Benson Hill have announced a long-term strategic partnership to scale innovative soy ingredients aimed at meeting the growing demand for plant-based proteins. ADM will process proprietary ingredients derived from Benson Hill's Ultra-High Protein (UHP) soybeans through an exclusive North American licensing agreement. The collaboration is expected to enhance ADM's capabilities in the alternative protein sector, which is projected to grow to $125 billion by 2030. This partnership aims to innovate and supply high-value products while engaging farmer partners in the seed-to-fork movement.
ADM (NYSE: ADM) and Benson Hill (NYSE: BHIL) have formed a long-term strategic partnership aimed at scaling innovative soy ingredients to meet the growing demand for plant-based proteins. Benson Hill's proprietary Ultra-High Protein soybeans will be processed and commercialized by ADM under an exclusive North American licensing agreement, targeting various food and beverage markets. The partnership leverages Benson Hill's genetics for sustainable and less-processed proteins, with projections indicating a substantial growth in alternative protein sales, expected to reach
Benson Hill (NYSE: BHIL) has launched a seven-day Q&A forum for retail and other investors, starting today until Aug. 3, 2022. Investors can submit questions which will be addressed during the quarterly earnings webcast on Aug. 8, 2022, at 8 a.m. Eastern Time. This initiative aims to enhance transparency and engagement with investors, using Say Technologies' platform to facilitate questions to management. Benson Hill focuses on innovative food technology leveraging genetic diversity to create sustainable food options.
Benson Hill (NYSE: BHIL) has entered a supplier agreement with Schnuck Markets to supply its Veri™ brand cooking oil made from proprietary Midwest-grown soybeans. This partnership will extend to over 100 Schnucks stores across Missouri, Illinois, Indiana, and Wisconsin. The oil is touted for its sustainability advantages, using less water and land than traditional oils like canola, and is designed to meet the preferences of health-conscious consumers. Schnuck's initiative aligns with its commitment to local sourcing and sustainability.
Benson Hill (NYSE: BHIL), a food tech company, announced that its CEO Matt Crisp and CFO Dean P. Freeman will participate in five investor conferences. Key events include the Canaccord Genuity 42nd Annual Growth Conference in Boston from Aug. 8-11, the Barclays Global Consumer Staples Conference on Sept. 7, and the Credit Suisse 35th Annual Specialties and Basics Conference on Sept. 13. They will also attend the Crusonia Forum in NYC on Sept. 21 and the Oppenheimer Virtual ESG Summit on Sept. 28-29.
Benson Hill (NYSE: BHIL) announced a revised time for its second quarter earnings call, now scheduled for 8 a.m. Eastern Time on August 8, 2022, instead of the previously planned 8:30 a.m.. The company will release its financial results for the quarter ending June 30, 2022, before market open. Investors can access the webcast via Benson Hill's investor relations website.
Focused on food innovation, Benson Hill leverages its CropOS® platform to enhance the genetic diversity of plants, aiming for sustainable food solutions.
Benson Hill, Inc. (NYSE: BHIL) announced the release of its second-quarter financial results for the period ending June 30, 2022, scheduled for August 8, 2022, before market opening. A webcast will follow at 8:30 a.m. Eastern Time, featuring a management presentation and Q&A session. The Company's CropOS® platform leverages data science and machine learning with biology to unlock the natural genetic diversity of plants, aiming to create sustainable and nutritious food options.
Benson Hill (NYSE: BHIL) announced that its management will attend two investor conferences in June 2022. Chief Financial Officer Dean P. Freeman and Executive Vice President Andres Martin will participate in the Roth London Conference from June 21-23, while CEO Matt Crisp will attend the Barclays Symposium on Sustainable Technologies in Food and Agriculture in New York City on June 22. These events will not be webcast, but provide opportunities for investors to engage with company executives. Benson Hill focuses on food innovation through its CropOS platform, promoting sustainable agriculture.
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