Benson Hill, Inc. operates as a food technology company unlocking the natural genetic diversity of plants. The company offers CropOS, a technology platform, which uses artificial intelligence, data, and various advanced breeding techniques that combine data, plant, and food sciences to deliver crops optimized for nutrition, flavor, and yield. The company's technology is applied in soybeans and yellow peas. It serves breeders and seed producers, farmers, logistics/consolidates, processors/wholesale suppliers, food/beverage companies, food service providers/retailers, and consumers. The company was formerly known as Benson Hill Biosystems, Inc. Benson Hill, Inc. was incorporated in 2012 and is based in Saint Louis, Missouri.
IPO Year:
Exchange: NYSE
Website: bensonhill.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/10/2023 | Outperform → Perform | Oppenheimer | |
| 10/4/2022 | $7.00 | Buy | Lake Street |
| 3/25/2022 | $9.00 | Buy | ROTH Capital |
| 12/9/2021 | $9.00 | Outperform | Oppenheimer |
| 11/23/2021 | $9.00 | Neutral | Goldman Sachs |
| 10/25/2021 | $10.00 | Overweight | Barclays |
8-K - Benson Hill, Inc. (0001830210) (Filer)
8-K - Benson Hill, Inc. (0001830210) (Filer)
8-K - Benson Hill, Inc. (0001830210) (Filer)
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8-K - Benson Hill, Inc. (0001830210) (Filer)
8-K - Benson Hill, Inc. (0001830210) (Filer)
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Second quarter revenues of approximately $33.8 million, an increase compared to $23.5 million in the same period of 2023, reflect the Company's ongoing transition to an asset-light business model. Net loss from continuing operations, net of income taxes, was $18 million in the quarter, an improvement of $18.5 million in reported loss from the same period of the prior year. Adjusted EBITDA was a loss of $12.4 million, compared to a loss of $15.2 million in the same period of 2023, due primarily to expense reductions. Free cash flow loss in the first half of 2024 was $31.8 million, which was approximately 50 percent of the free cash flow loss in the first half of 2023. The Company e
Reported revenues for the quarter were approximately $21.1 million, excluding results of the divested processing assets, as the business transitions to an asset-light licensing model. Business transition execution led to improved gross profit and reduced operating expenses, with the Company delivering gross profit of $5.2 million and operating expenses of $21.8 million, compared to gross profit of $4.6 million and operating expenses of $25.9 million in the prior year. Cash used in operating activities from continuing operations was $10.2 million, a $24.3 million reduction from $34.5 million used in the prior year. The Company ended the first quarter with $30.5 million of cash and mar
Former CEO of Growers Edge begins in role May 10 Benson Hill, Inc. (NYSE:BHIL), an ag tech company unlocking the natural genetic diversity of plants, has named agriculture industry leader Dan Cosgrove as Chief Administrative Officer and General Counsel, effective May 10, 2024. He will assume responsibility for Benson Hill's day-to-day operations related to business development, compliance, and legal matters. Chief Legal Officer Yevgeny Fundler is leaving Benson Hill to pursue other opportunities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240509748763/en/Benson Hill Names Dan Cosgrove as Chief Administrative Officer and Ge
Life sciences veteran Susan Keefe appointed CFO effective March 29, 2024 Benson Hill, Inc. (NYSE:BHIL), an ag tech company unlocking the natural genetic diversity of plants, today announced that Susan Keefe has been appointed Chief Financial Officer, effective March 29, 2024. Keefe succeeds Dean Freeman, who is leaving the company to pursue other opportunities. Freeman will continue to serve in the role through March 29, 2024, to ensure a smooth transition of responsibilities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240214193445/en/BHIL), an ag tech company unlocking the natural genetic diversity of plants, today announ
ONTARIO, Calif., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Heritage Grocers Group ("Heritage" or "HGG"), one of the leading Hispanic food retailers in the country, is pleased to announce it has named DeAnn Brunts as a member of its Board of Directors, effective immediately. With more than 30 years of executive experience in operational, strategic and financial management, Ms. Brunts is a seasoned expert in risk management and governance. Previously, she served as Chief Financial Officer of Benson Hill, Inc. (NYSE:BHIL) in addition to numerous Chief Financial Officer and Business Unit Leader roles across the retail, food, consumer goods, manufacturing, distribution and service industries for both
Benson Hill, Inc. (NYSE:BHIL, the "Company" or "Benson Hill"))), a food tech company unlocking the natural genetic diversity of plants, announced today the appointment of Kimberly (Kim) Hurst as its Chief Transformation Officer. This newly created role underscores Benson Hill's commitment to execute its long-term strategic playbook with a focus on operations, commercial and strategic initiatives. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230810950219/en/Benson Hill, Inc., announced today the appointment of Kimberly (Kim) Hurst as its Chief Transformation Officer. This newly created role underscores Benson Hill's commitment
Agriculture Industry Executive Brings Nearly Three Decades of Experience to Benson Hill Board Benson Hill, Inc. (NYSE:BHIL, the "Company" or "Benson Hill"))), a food tech company unlocking the natural genetic diversity of plants, today announced that it has appointed Richard Mack as an Independent Director to the Company's Board of Directors, effective immediately. Mr. Mack will serve on the Board's Audit and Risk Committee and Compensation Committee. With his appointment, the Board will comprise nine directors, seven of whom are independent. Mr. Mack brings nearly 30 years of leadership experience to the Benson Hill Board. Mr. Mack previously served as Executive Vice President and Chie
Adrienne "Deanie" Elsner Appointed Interim Chief Executive Officer, Effective Immediately Matt Crisp Resigning as Chief Executive Officer Benson Hill, Inc. (NYSE:BHIL, the "Company" or "Benson Hill"))), a food tech company unlocking the natural genetic diversity of plants, today announced that Adrienne "Deanie" Elsner has been appointed Interim Chief Executive Officer of the Company. Ms. Elsner succeeds Matt Crisp, who has agreed to resign as Chief Executive Officer, effective immediately. Mr. Crisp will serve as consultant to the Board for 12 months to ensure a smooth transition. The Board is initiating a search process for the Company's next permanent CEO. To assist in the process,
ST. LOUIS, Feb. 8, 2022 /PRNewswire/ -- Benson Hill, Inc. (NYSE:BHIL) today announced that Dean Freeman, a seasoned finance executive with nearly 30 years of experience, will become Benson Hill's next Chief Financial Officer. DeAnn Brunts has elected to return to retirement from her full-time executive role effective following the Company's filing with the Securities and Exchange Commission of its 2021 Annual Report on Form 10-K. Brunts will remain on the Company's Board of Directors, the original role she had when she joined Benson Hill in 2020. Freeman officially joined Ben
Third quarter revenues of approximately $34.1 million, an increase compared to $23.5 million in the same period of 2023, reflect residual grain sales in the Company's transition to a licensing business model. Net loss from continuing operations, net of income taxes, was $21.9 million in the quarter. Adjusted EBITDA was a loss of $12.6 million, compared to a loss of $14.4 million in the same period of 2023, due primarily to expense reductions. Free cash flow loss in the first nine months of 2024 was $48.9 million, which was approximately 57.7 percent of the free cash flow loss in the same period of 2023. The Company ended the third quarter with $14.4 million of cash and marketable
Benson Hill, Inc. (NASDAQ:BHIL, the "Company" or "Benson Hill")), a seed innovation company, announced today that it will release its financial results for the quarter ending Sept. 30, 2024, on Tuesday, Nov. 12, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241030123266/en/Benson Hill, a seed innovation company, announced today that it will release its financial results for the quarter ending Sept. 30, 2024, on Tuesday, Nov. 12, 2024. (Graphic: Business Wire) The quarterly results will also be posted on Benson Hill's investor relations website at https://investors.bensonhill.com. About Benson Hill Benson Hill is a seed i
Benson Hill, Inc. (NYSE:BHIL, the "Company" or "Benson Hill"))), a seed innovation company, announced today that it will transfer its stock exchange listing to The Nasdaq Stock Market LLC ("Nasdaq") from the New York Stock Exchange, effective Aug. 23, 2024, after market close. The Company expects to begin trading as a Nasdaq-listed company on Aug. 26, 2024, and its common stock will continue to trade under the symbol "BHIL." "The transfer to Nasdaq will permit the Company to realize cost savings and facilitate the continued listing of our Common Stock on a national securities exchange," said Deanie Elsner, Chief Executive Officer of Benson Hill. About Benson Hill Benson Hill is a se
Second quarter revenues of approximately $33.8 million, an increase compared to $23.5 million in the same period of 2023, reflect the Company's ongoing transition to an asset-light business model. Net loss from continuing operations, net of income taxes, was $18 million in the quarter, an improvement of $18.5 million in reported loss from the same period of the prior year. Adjusted EBITDA was a loss of $12.4 million, compared to a loss of $15.2 million in the same period of 2023, due primarily to expense reductions. Free cash flow loss in the first half of 2024 was $31.8 million, which was approximately 50 percent of the free cash flow loss in the first half of 2023. The Company e
Benson Hill, Inc. (NYSE:BHIL, the "Company" or "Benson Hill"))), a seed innovation company, announced today that it will release its financial results for the quarter ending June 30, 2024, on Thursday, Aug. 8, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240724211753/en/BHIL) will release its financial results for the quarter ending June 30, 2024, on Thursday, Aug. 8, 2024. (Photo: Business Wire)">Benson Hill, Inc. (NYSE:BHIL) will release its financial results for the quarter ending June 30, 2024, on Thursday, Aug. 8, 2024. (Photo: Business Wire) The quarterly results will also be posted on Benson Hill's investor relati
Benson Hill, Inc. (NYSE:BHIL, the "Company" or "Benson Hill"))), a seed innovation company, announced that, following stockholder approval at the Company's annual meeting held this morning, its board of directors (the "Board") has approved a reverse stock split of the Company's common stock, par value $0.0001 per share (the "Common Stock"), at a ratio of one-for-thirty five (1-for-35) (the "Reverse Stock Split"). The Company anticipates that the Reverse Stock Split will take effect at 4:01 p.m. Eastern Time/3:01 p.m. Central Time today (the "Effective Time") and will be reflected in the market at the start of trading on the New York Stock Exchange ("NYSE") tomorrow, Friday, July 19, 2024, o
Management reaffirms commitment to serve broadacre animal feed, soybean oil, and biofuel markets with additional soy quality traits. Following the introduction of Ultra-High Protein, Low Oligosaccharide (UHP-LO) soybeans, the Company expects herbicide-tolerant UHP-LO varieties in 2026, a year sooner than expected. Herbicide-tolerant soybean varieties for biofuel will launch between 2028 and 2030. Scientific advisors anticipate pipeline advancements will continue to leverage the Company's core technologies. Benson Hill, Inc. (NYSE:BHIL, the "Company" or "Benson Hill"))), a seed innovation company, today shared further advancements in its innovation pipeline to deliver advantaged
Company drives ESG principles during strategic shift to serve new end markets in soy Benson Hill, Inc. (NYSE:BHIL, the "Company" or "Benson Hill"))), a seed innovation company, today released its third annual Environmental, Social and Governance (ESG) Report. The online report includes comprehensive data and ESG milestones achieved during 2023, a year of significant progress and change for Benson Hill. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240709716806/en/BHIL, the "Company" or "Benson Hill"))), a seed innovation company, today released its third annual Environmental, Social and Governance (ESG) Report. The online rep
Benson Hill, Inc. (NYSE:BHIL, the "Company" or "Benson Hill"))), a seed innovation company, today confirmed that it has received a preliminary, non-binding indication of interest from Argonautic Ventures Master SPC ("Argonautic"), on behalf of itself and other co-investors (collectively, the "Investor Group"), to acquire all of the outstanding shares of common stock of the Company not owned by the Investor Group or their affiliates for $0.2236 per share in cash. The indication of interest states that the Investor Group and their affiliates currently own approximately 16% of the outstanding shares of common stock of the Company and that the composition of the Investor Group may change. The
Reported revenues for the quarter were approximately $21.1 million, excluding results of the divested processing assets, as the business transitions to an asset-light licensing model. Business transition execution led to improved gross profit and reduced operating expenses, with the Company delivering gross profit of $5.2 million and operating expenses of $21.8 million, compared to gross profit of $4.6 million and operating expenses of $25.9 million in the prior year. Cash used in operating activities from continuing operations was $10.2 million, a $24.3 million reduction from $34.5 million used in the prior year. The Company ended the first quarter with $30.5 million of cash and mar
Oppenheimer downgraded Benson Hill from Outperform to Perform
Lake Street initiated coverage of Benson Hill with a rating of Buy and set a new price target of $7.00
ROTH Capital initiated coverage of Benson Hill with a rating of Buy and set a new price target of $9.00
Oppenheimer initiated coverage of Benson Hill with a rating of Outperform and set a new price target of $9.00
Goldman Sachs initiated coverage of Benson Hill with a rating of Neutral and set a new price target of $9.00
Barclays initiated coverage of Benson Hill with a rating of Overweight and set a new price target of $10.00
Trading To Reflect Split-Adjusted Basis On NYSE Starting July 19, 2024; Shares Will Continue Trading Under Symbol "BHIL" With New CUSIP Number; Publicly Traded Warrants To Trade Under Symbol "BHILW"
The indication of interest states that the Investor Group and their affiliates currently own approximately 16% of the outstanding shares of common stock of the Company and that the composition of the Investor Group may change.
Gainers Mangoceuticals (NASDAQ:MGRX) shares increased by 17.2% to $0.6 during Wednesday's pre-market session. The company's market cap stands at $14.9 million. Benson Hill (NYSE:BHIL) shares moved upwards by 6.44% to $0.21. The market value of their outstanding shares is at $44.1 million. Better Choice Co (AMEX:BTTR) stock moved upwards by 5.75% to $3.49. The market value of their outstanding shares is at $3.1 million. The company's, Q1 earnings came out 3 days ago. Vintage Wine Estates (NASDAQ:VWE) stock rose 5.39% to $0.28. The company's market cap stands at $16.7 million. United Natural Foods (NYSE:UNFI) shares rose 5.38% to $11.75. The market value of their outstanding shares is at
"As we transition our business to a licensing model, our revenues and costs will be lower, and our margins will increase over time, which will drive improvement in the quality of our earnings," said Susan Keefe, Chief Financial Officer of Benson Hill.
Benson Hill (NYSE:BHIL) reported quarterly losses of $(0.20) per share which missed the analyst consensus estimate of $(0.17) by 17.65 percent. This is a 17.65 percent decrease over losses of $(0.17) per share from the same period last year. The company reported quarterly sales of $116.59 million which beat the analyst consensus estimate of $87.30 million by 33.55 percent. This is a 17.55 percent increase over sales of $99.18 million the same period last year.
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Benson Hill (NYSE:BHIL) is set to give its latest quarterly earnings report on Thursday, 2024-03-14. Here's what investors need to know before the announcement. Analysts estimate that Benson Hill will report an earnings per share (EPS) of $-0.17. Benson Hill bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company beat EPS by $0.09, which was followed by a 9.35% drop in the share p
Shares of SurgePays, Inc. (NASDAQ:SURG) fell sharply in today’s pre-market trading after the company reported worse-than-expected fourth-quarter financial results. Surgepays posted GAAP earnings of 19 cents per share, missing market estimates of 41 cents per share. The company’s quarterly sales came in at $32.318 million versus expectations of $33.521 million, according to data from Benzinga Pro. SurgePays shares dipped 14.6% to $5.97 in pre-market trading Here are some other stocks moving in pre-market trading. Gainers NuCana plc (NASDAQ:NCNA) gained 99.6% to $0.7806 in pre-market trading after the company was granted U.S. Patent #11925658 for "Phosphoramidate Derivatives For Use I
Benson Hill has successfully retired its senior debt facility and divested its Creston, Iowa, soy processing business to White River Soy Processing (WRSP) for gross proceeds of $72 million
Benson Hill, Inc. (NYSE:BHIL, the "Company" or "Benson Hill"))), a seed innovation company, announced today that it will transfer its stock exchange listing to The Nasdaq Stock Market LLC ("Nasdaq") from the New York Stock Exchange, effective Aug. 23, 2024, after market close. The Company expects to begin trading as a Nasdaq-listed company on Aug. 26, 2024, and its common stock will continue to trade under the symbol "BHIL." "The transfer to Nasdaq will permit the Company to realize cost savings and facilitate the continued listing of our Common Stock on a national securities exchange," said Deanie Elsner, Chief Executive Officer of Benson Hill. About Benson Hill Benson Hill is a se
The Company fully retired its senior convertible debt in February 2024 after paying down approximately 50 percent in November 2023. The Company ended the year with $48.9 million in cash and marketable securities. Reported revenues increased 24 percent to $473.3 million. Reported gross profit increased $20.1 million to $23.6 million. Net loss from continuing operations, net of income taxes, was $111.3 million and $99.7 million for the years ended December 31, 2023, and 2022, respectively. Adjusted EBITDA loss improved more than 40 percent year-over-year. Management is delivering its cost-cutting goals under the expanded Liquidity Improvement Plan and accelerating progress tow
Benson Hill, Inc. (NYSE:BHIL, the "Company" or "Benson Hill"))), an ag tech company unlocking the natural genetic diversity of plants, announced today that it will release its financial results for the full year and fourth quarter ending Dec. 31, 2023, before the market opens on Thursday, March 14, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240207953208/en/Benson Hill (BHIL) announces full year and fourth quarter 2023 earnings date (Graphic: Business Wire) The Company will host a webcast to discuss the results at 8:30 a.m. Eastern Time, including a presentation by management followed by a Q&A session. The March 14 webc
Reported revenues decreased 8 percent year-over-year to approximately $113.1 million. Proprietary revenues increased by 27 percent year-over-year. Reported gross profit was $4.1 million (gross loss of $0.2 million when excluding an approximate $4.3 million impact from open mark-to-market timing differences). The Company ended the third quarter with $86.2 million of cash, restricted cash, and marketable securities. Management improves its 2023 financial guidance. The Company expects to pay down approximately 50 percent of the senior convertible debt in November. Benson Hill, Inc. (NYSE:BHIL, the "Company" or "Benson Hill"))), a food tech company unlocking the natural genetic
Reported revenues increased 16 percent year-over-year to approximately $109 million, including a 53 percent increase in proprietary revenues. Reported gross profit was $3 million ($6.1 million when excluding an approximate $3.1 million impact from open mark-to-market timing differences). Management announced an additional expected $10 million in annualized operating cost reductions in 2024. The Company ended the second quarter with $118 million of cash restricted cash, and marketable securities. Management modifies its 2023 guidance for lower operating expenses, lower capital expenditures, and narrowing the range for consolidated gross profit. Benson Hill, Inc. (NYSE:BHIL, t
Reported revenues increased 104 percent year-over-year to approximately $135 million, including an increase of 80 percent in proprietary revenues. Reported gross profit was $9.5 million ($4.3 million when excluding an approximate $5.2 million impact from open mark-to-market timing differences). The Company improved its 2023 guidance for Adjusted EBITDA and free cash flow. Benson Hill, Inc. (NYSE:BHIL, the "Company" or "Benson Hill"))), a food tech company unlocking the natural genetic diversity of plants, today announced operating and financial results for the quarter ended March 31, 2023. This press release features multimedia. View the full release here: https://www.businesswir
Revenues increased 319 percent to $381 million, including a near doubling of proprietary revenues to $73 million. Gross profit was $3.5 million ($8.5 million when excluding an approximate $4.9 million loss from open mark-to-market timing differences). 2023 proprietary revenues are expected to grow to an estimated range of $100 million to $110 million and help drive a more than doubling of gross profit in the range of $20 million to $30 million. 2023 Adjusted EBITDA loss is expected to narrow and use of free cash is expected to increase due primarily to planned investments to enable additional, higher margin food-grade manufacturing capabilities. In 2025, management remains committe
Consolidated revenues increased 307 percent year-over-year to $130 million driven by a 429 percent increase in Ingredients segment revenues. Management raised 2022 guidance with consolidated revenues in the range of $430 million to $455 million and gross profit of $14 million to $17 million. Management has taken actions intended to fully fund the business to expected positive EBITDA and free cash flow in 2025. Benson Hill, Inc. (NYSE:BHIL, the "Company" or "Benson Hill"))), a food tech company unlocking the natural genetic diversity of plants, today announced operating and financial results for the quarter ended Sept. 30, 2022. This press release features multimedia. View the full re
Consolidated revenues increased 179 percent year-over-year to $110.7 million driven by a 312 percent increase in Ingredients segment revenues. Strategic partnership with ADM represents a significant milestone in the planned scaling of proprietary soy innovations through an asset-light licensing model. Management is assessing strategic alternatives for the Fresh business. Strong performance in the Ingredients segment raises revenue guidance for 2022. Continued rapid growth and execution of the strategic plan further enables achievement of previously stated 2025 financial targets. Benson Hill, Inc. (NYSE:BHIL, the "Company" or "Benson Hill"))), a food tech company unlocking the n
Consolidated revenues increased 191 percent to $92.4 million driven by a nearly four-fold increase in Ingredients segment revenues. Dynamic market conditions further support the expected growth of the proprietary soy ingredients portfolio. Cash and marketable securities on hand were in line with the Company's plan to fund the business into 2024.Management maintains its full-year 2022 guidance.ST. LOUIS, May 16, 2022 /PRNewswire/ -- Benson Hill, Inc. (NYSE:BHIL, the ", Company", or ", Benson Hill", ))), a food tech company unlocking the natural genetic diversity of plants, today announced operating and financial results for the quarter ended March 31, 2022.