Benson Hill, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 07:00 am EDT
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Benson Hill, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 109.04 million compared to USD 93.63 million a year ago. Net loss was USD 56.84 million compared to USD 27.55 million a year ago. Basic loss per share from continuing operations was USD 0.26 compared to USD 0.14 a year ago. Basic loss per share was USD 0.3 compared to USD 0.15 a year ago.
For the six months, sales was USD 243.68 million compared to USD 159.76 million a year ago. Net loss was USD 59.9 million compared to USD 44.13 million a year ago. Basic loss per share from continuing operations was USD 0.29 compared to USD 0.24 a year ago. Basic loss per share was USD 0.32 compared to USD 0.25 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.