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Stock impact report

Benson Hill Transitions to Licensing Model, Improves Financial Profile in First Quarter [Yahoo! Finance]

Benson Hill, Inc. (BHIL) 
Company Research Source: Yahoo! Finance
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 marketable securities. Feeding trial results with Perdue Farms demonstrate cost and performance benefits of proprietary soybean meal in animal feed. Management reiterates business strategy and financial opportunity focused on innovation and partnerships in Shareholder Letter. ST. LOUIS, May 09, 2024 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 finan Show less Read more
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