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 EST

Reported 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.

ST. LOUIS--(BUSINESS... More