Benson Hill, Inc. - BHIL STOCK NEWS

Benson Hill reported a substantial 191% increase in consolidated revenues to $92.4 million for Q1 2022, driven by a 365% growth in the Ingredients segment. Despite the revenue surge, the company faced a gross loss of $5.2 million attributed to mark-to-market adjustments. Operating expenses rose to $35.4 million, impacting adjusted EBITDA, which posted a loss of $28.8 million. Management reaffirms its full-year guidance of projected revenues between $315 million and $350 million, but expects a net loss of $148 million to $153 million.

Benson Hill (NYSE: BHIL), a food tech company focused on unlocking plant genetic diversity, announced its participation in two upcoming virtual investor events. Chief Financial Officer Dean P. Freeman will speak at Cowen's Virtual Sustainability & Energy Transition Summit on June 8, while Chief Executive Officer Matt Crisp will join Freeman for a fireside chat at Oppenheimer's Consumer Growth and E-Commerce Conference on June 14. The events aim to engage investors and share insights on sustainability and consumer market trends.

Benson Hill, a food tech company offering innovative solutions, has launched a six-day Q&A forum for registered investors starting May 5, 2022, through May 10, 2022. This initiative aims to promote transparency and engagement among retail and institutional investors. Questions can be submitted via the Say Technologies platform, with selected queries addressed in a live session during the First Quarter 2022 Earnings Call on May 16, 2022, at 8:30 am ET. For more details, visit bensonhill.com.

Benson Hill (NYSE: BHIL) has announced it will release its Q1 2022 financial results on May 16, 2022, before market opening. Investors can access the earnings call at 8:30 am Eastern on the company's investor relations website following the release. The call will feature CEO Matt Crisp and CFO Dean Freeman, who will discuss the company’s performance and outlook.

Benson Hill has outlined its strategic vision during its 2022 Investor Day, expecting to achieve free cash flow positivity by 2025 with revenues exceeding $500 million and gross margins over 25%. The company unveiled an innovative product pipeline, strengthened by partnerships with Kellogg's MorningStar Farms® and Denofa, to enhance its presence in the Northern European aquaculture feed market. Benson Hill aims to leverage its technology and proprietary soy ingredients to capture market share and drive sustainable growth across food and nutrition sectors.

Benson Hill has formed a strategic alliance with Denofa to introduce sustainable, non-GMO soy protein ingredients for the Northern European aquaculture feed market. This partnership aims to leverage Denofa's infrastructure in Norway and Benson Hill's innovative CleanCRUSH™ soy ingredients, which require significantly less water and CO2 emissions. The global aquaculture market is projected to exceed $245 billion by 2027, highlighting the growing demand for efficient protein sources, particularly for high-value species like salmon.

Benson Hill, a food tech company specializing in plant genetic diversity, will host an Investor Day on April 5, 2022, at its St. Louis headquarters. The event will include management presentations and interactive experiences to showcase the company’s strategy and capabilities. A live webcast of the presentations will start at 9:35 a.m. CT and end by 12:00 p.m. CT. A replay will be available post-event. This initiative reflects Benson Hill's mission to innovate in sustainable food solutions. More details can be found on their website.

Benson Hill reported a 29% increase in consolidated revenues to $147.2 million for 2021. Adjusted revenues, excluding divested business, rose 47%. The Ingredients segment saw a 55% revenue increase to $90.7 million, while Fresh segment revenues increased 2%. In 2022, the company projects consolidated revenues between $315 million and $350 million, driven by the proprietary soy ingredients, expecting 175% growth in the Ingredients segment. However, the net loss for the year is anticipated between $148 million and $153 million.