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0 -0.116500649631875 -0.116500649631875 -0.112169770463404 -0.0255521870939801 -0.133819835426592 -0.112169770463404 -0.13382416630576
Stock impact report

Benson Hill Reports Solid Full-Year 2023 Financial Results, Strengthens Balance Sheet

Benson Hill, Inc. (BHIL) 
Company Research Source: Business Wire
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 toward an asset-light business model focused on broadacre animal feed markets. ST. LOUIS--(BUSINESS WIRE)--Benson Hill, Inc. (NYSE:BHIL, the “Company” or “Benson Hill”), an ag-tech company unlocking the natural genetic diversity of plants, today announced operating and financial results for the year ended December 31, 2 Show less Read more
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