Benson Hill, Inc. (BHIL) Tops Q3 EPS by 9c; Offers FY23 Revenue Guidance
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Benson Hill Announces Third Quarter 2023 Financial Results, Improves 2023 Outlook, and Pays Down Debt
November 9, 2023 7:00 AM ESTReported 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.
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