Benson Hill, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 07:03 am EST
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Benson Hill, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 113.07 million compared to USD 122.3 million a year ago. Net loss was USD 17.57 million compared to USD 30.17 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.14 a year ago. Basic loss per share was USD 0.09 compared to USD 0.16 a year ago.
For the nine months, sales was USD 356.75 million compared to USD 282.05 million a year ago. Net loss was USD 77.47 million compared to USD 74.3 million a year ago. Basic loss per share from continuing operations was USD 0.39 compared to USD 0.39 a year ago. Basic loss per share was USD 0.41 compared to USD 0.42 a year ago.
Benson Hill, Inc. is an ag-tech company. The Company offers CropOS, which is a product design and development platform that uses predictive breeding and other advanced tools like CRISPR gene editing technology. The Company is engaged in the sale of soybean grain, soybean oil, soybean meal, soybean flakes and soybean flour and texturized flour, sales of processed yellow peas and sales of seed, as well as technology licensing fees and royalties. Its CropOS platform aggregates proprietary protein, genomic, and strategic data layers for predictive breeding using artificial intelligence (AI) and machine learning (ML) and its Crop Accelerator, an indoor year-round speed breeding and rapid prototyping facility. It is developing a diversified seed portfolio spanning the key markets, such as protein ingredients, aquaculture and specialty animal feed, and vegetable oils. The Company sells its products throughout North America, in Europe and in several countries globally.
BENSON HILL, INC. 
