Benson Hill

Who gets excited to travel to Arkansas? Who gets enthusiastic about talking poultry nutrition and the opportunities to do more with better beans? I do! Will I see you next week at the ANC? I look forward to seeing everyone there. Feel free to reach out here if you want to schedule time to learn more about Benson Hill soybean varieties and feeding Ultra High Protein, Low Oligosaccharide soybean meal. #soy #betterbeans #poultrynutrition #arkansas

Expanding Feeding Trials with Our Proprietary Seed Portfolio Benson Hill’s proprietary seed portfolio is backed by decades of research. Our flagship UHP-LO soybeans have been a focus of academic research and development since 2012 and successfully demonstrate the positive impact UHP-LO #soybeans can deliver for end users in animal feed. Commercial feeding trials conducted in 2020 demonstrated advantages over commodity soy when UHP-LO soy was incorporated into the ration, including higher protein and more metabolizable energy. 🐔 Now, after three years of further seed development, a Q1 2024 feeding trial showed how the current UHP-LO varieties, when used in veg-fed broiler diets, drove more significant feed cost reductions than previous generations trialed in 2020, while supporting improved bird performance. The trial also confirmed the total value created with Benson Hill #genetics to be within the range we previously communicated ($100 to $230/acre). 💲 This UHP-LO feeding trial has since expanded into broader commercial use by an integrated poultry player. In addition, Benson Hill has initiated three new feeding trials with other large poultry broiler and turkey producers for the second half of 2024, representing more than 40 percent of the broiler industry. To understand the value of UHP-LO soybeans across the animal feed landscape, we also developed a comprehensive roadmap for nearly a dozen academic studies and commercial feeding trials over the next 9 to 12 months. This roadmap will test UHP-LO soybeans in species ranging from broiler chickens (veg-fed and conventional) and turkeys to swine, dairy, and salmon. 🦃 These end-user market segments represent more than 80 percent of the 30 million U.S. soybean acres used in animal feed. These studies will not only help validate the superior performance of UHP-LO varieties, but the collaborations will also enhance an ever-growing dataset and inform future innovations. #BHIL #Feed #Soybeans

We're #hiring a new Research Associate- Bondurant Iowa in Bondurant, Iowa. Apply today or share this post with your network.

The 39 North innovation district cultivates, innovates & elevates ag tech organizations in our local community. We’re proud to be an anchor institution. #innovation #agtech #stl

If you're starting to plan your route for #FPS24, please stop by Benson Hill's booth at Farm Progress (VIT9226) to hear how better feed, food, and fuel start with better seeds. Our team will happily share how we're Nourishing Innovation through soy quality traits! 🌱 🤩

At Benson Hill, we align on a simple premise: Better Feed, Better Food, and Better Fuel Start with Better Seeds. This underscores how we are leading the pace of #innovation in #soy quality traits and setting the foundation for future success. 🌱 Benson Hill’s competitive advantage lies in our proprietary genetics, our CropOS® technology platform, and our Crop Accelerator rapid prototyping facility. The team’s sole focus on quality traits in #soybeans, combined with AI-powered seed advancements and speed breeding, gives us the capability to impact end markets in dramatic ways. To dig deeper, check out our Q2 Shareholder Letter: https://lnkd.in/dHPUtXDP

#fieldtour #innovation

NEWS: Benson Hill Announces Second Quarter Financial Results • Second quarter revenues of approximately $33.8 million, an increase compared to $23.5 million in the same period of 2023, reflect the Company’s ongoing transition to an asset-light business model. • Net loss from continuing operations, net of income taxes, was $18 million in the quarter, an improvement of $18.5 million in reported loss from the same period of the prior year. Adjusted EBITDA was a loss of $12.4 million, compared to a loss of $15.2 million in the same period of 2023, due primarily to expense reductions. • Free cash flow loss in the first half of 2024 was $31.8 million, which was approximately 50 percent of the free cash flow loss in the first half of 2023. • The Company ended the second quarter with $29.5 million of cash and marketable securities, expected to be sufficient to fund operations through the end of 2024. • The Company provides updates on business milestones related to animal feeding trials, innovation pipeline advancements, and genetic market share in its Q2 Shareholder Letter. ST. LOUIS, MO – August 8, 2024 - Benson Hill, Inc. (NYSE: BHIL, the “Company” or “Benson Hill”), a seed innovation company, today announced operating and financial results for the quarter ended June 30, 2024. “The Benson Hill team showed focus and financial discipline and delivered significantly better operating results this quarter, while making strides in our transition to an asset-light licensing model. We also strengthened strategic partnerships that are crucial for our future growth,” said Deanie Elsner, Chief Executive Officer of Benson Hill. “Our highly advanced technology core has led to the development of what we believe to be the industry’s broadest and deepest R&D pipeline for soy quality traits. Our next priority is to implement several animal feeding trials with both commercial and academic partners, further validating the value our seed innovations deliver to end users.” For the full release, visit https://lnkd.in/g3NMs_b9.

#letsgo #innovation #BHIL

Benson Hill, Inc. (NYSE: BHIL, the “Company” or “Benson Hill”), a seed innovation company, will release its financial results for the quarter ending June 30, 2024, on Thursday, Aug. 8, 2024. The quarterly results will also be posted on Benson Hill’s investor relations website at https://lnkd.in/gk3DHaaB. https://lnkd.in/gEegDSaM