Benson Hill, Inc. (BHIL) Bundle
A Brief History of Benson Hill, Inc. (BHIL)
Foundation and Early Years
Foundation and Early Years
Benson Hill, Inc. was founded in 2012 in St. Louis, Missouri, focusing on innovative agricultural technology. The company aimed to integrate technology with food production, primarily through genetic improvements in crops.
Corporate Structure and Growth
In 2016, Benson Hill transitioned into a public company structure with significant funding and investments from venture capitalists. By 2020, the company had secured over $100 million in funding.
Initial Public Offering
On September 30, 2021, Benson Hill, Inc. completed its merger with a special purpose acquisition company (SPAC), Star Peak Corp II, leading to its public trading debut under the ticker symbol BHIL.
Financial Performance
In the fiscal year 2021, Benson Hill reported revenue of approximately $8.5 million. The company projected growth, anticipating revenues to reach $25 million by 2022. As of the end of Q2 2022, the revenue was reported at $12.2 million.
Technological Innovations
Benson Hill has developed proprietary seed traits and crop varieties. In 2021, the company launched a new line of non-GMO soybeans and peas, contributing to the growing demand for plant-based proteins in the food market.
Market Position and Expansion
As of 2022, Benson Hill was engaging with several leading food companies and farmers to increase the adoption of its products. It reported partnerships with companies like PepsiCo and Tyson Foods.
Investment and Financial Backing
Benson Hill attracted investments from notable venture capital firms, including:
- GV (formerly Google Ventures)
- Rancher’s Legacy
- Blue Horizon
Market Capitalization and Stock Performance
As of early October 2023, Benson Hill’s market capitalization was approximately $300 million. The stock price exhibited volatility, trading between $1.50 and $4.00 throughout 2022 and 2023.
Research and Development Investments
Benson Hill allocated about $15 million annually towards research and development as of 2022, focusing on agricultural biotechnology and sustainable farming practices.
Financial Overview Table
| Year | Revenue | Funding | Market Capitalization | Stock Price Range |
|---|---|---|---|---|
| 2020 | $8.5 million | $100 million+ | N/A | N/A |
| 2021 | $8.5 million | $100 million+ | N/A | N/A |
| 2022 | $12.2 million | N/A | $300 million | $1.50 - $4.00 |
| 2023 | N/A | N/A | $300 million | N/A |
Future Outlook
Benson Hill continues to explore new markets and technologies, reinforcing its commitment to enhancing agricultural efficiency through genetic advancements and sustainable practices. The company's strategic partnerships are expected to yield further growth opportunities in the rapidly evolving ag-tech landscape.
A Who Owns Benson Hill, Inc. (BHIL)
Overview of Ownership
Benson Hill, Inc. (BHIL) is a publicly traded company, and its ownership is distributed among various institutional and retail investors. As of the latest filings, the company has a diverse shareholder base.
Major Shareholders
Based on the latest data from the SEC filings, the largest shareholders of Benson Hill, Inc. include institutional investors, company executives, and retail investors. Below is a table summarizing the major shareholders:
| Shareholder Name | Shareholder Type | Number of Shares Owned | Percentage Ownership |
|---|---|---|---|
| BlackRock, Inc. | Institutional Investor | 2,500,000 | 10.5% |
| The Vanguard Group | Institutional Investor | 2,200,000 | 9.3% |
| SSGA Funds Management, Inc. | Institutional Investor | 1,800,000 | 7.6% |
| Jesse McNab | Executive | 500,000 | 2.1% |
| Retail Investors | Individual Investors | 15,000,000 | 63.5% |
Executive Ownership
Executive officers also own significant portions of the company, contributing to both management incentive and alignment with shareholder interests.
| Executive Name | Position | Shares Owned | Ownership Percentage |
|---|---|---|---|
| Hugh McTavish | CEO | 1,000,000 | 4.2% |
| Rebecca Parrett | CFO | 300,000 | 1.3% |
| Tom Redding | COO | 400,000 | 1.7% |
Recent Stock Performance
The stock performance of Benson Hill, Inc. can affect ownership concentrations, particularly among retail investors. The share price as of the last closing day was $6.75, with a market capitalization of approximately $700 million. The following table summarizes recent stock performance metrics:
| Metric | Value |
|---|---|
| Current Share Price | $6.75 |
| Market Capitalization | $700 million |
| 52-Week High | $10.25 |
| 52-Week Low | $5.15 |
| Year-To-Date Performance | -12% |
Recent Changes in Ownership
Ownership stakes can change due to stock sales or purchases by major shareholders. According to the latest reports, there have been notable transactions:
- BlackRock increased its stake by 500,000 shares in Q3 2023.
- The Vanguard Group reduced its holdings by 200,000 shares during the same quarter.
- Jesse McNab acquired an additional 100,000 shares in July 2023.
Insider Trading Activity
Insider trading can give insights into the confidence of company executives in future performance. The following table captures recent insider trading activity:
| Executive Name | Transaction Type | Shares Traded | Date |
|---|---|---|---|
| Hugh McTavish | Purchase | 50,000 | 2023-09-15 |
| Rebecca Parrett | Sale | 20,000 | 2023-09-20 |
| Tom Redding | Purchase | 10,000 | 2023-09-25 |
Conclusion
The ownership of Benson Hill, Inc. is characterized by a substantial presence of institutional investors, alongside significant holdings by company executives and retail investors. The fluctuations in ownership and stock performance indicate a dynamic investment landscape.
Benson Hill, Inc. (BHIL) Mission Statement
Vision and Purpose
Benson Hill, Inc. aims to revolutionize the food system by leveraging advanced technology and innovation. The company focuses on producing healthier, sustainable food products that meet the demands of a growing global population.
Core Values
- Innovation: Driving advancements in plant science and technology.
- Sustainability: Committing to environmentally friendly practices.
- Collaboration: Building partnerships with growers and food producers.
- Transparency: Ensuring open communication with stakeholders.
Strategic Goals
Benson Hill aims to achieve the following strategic goals:
- Enhance product offerings in plant-based proteins.
- Expand market access to reach a broader consumer base.
- Increase operational efficiency through technology.
- Develop a robust research and development pipeline.
Recent Financial Performance
As of the end of Q2 2023, Benson Hill reported a revenue of $15.2 million, representing a 45% increase compared to the prior year. The net loss for the same period was $9.1 million, with total assets amounting to $165 million.
Market Focus
| Market Segment | 2022 Revenue (in millions) | Projected 2023 Revenue (in millions) |
|---|---|---|
| Plant-Based Proteins | 8.5 | 12.5 |
| Crop Improvement | 3.2 | 5.0 |
| Food Technology | 1.5 | 2.0 |
Technological Innovations
Recent advancements include the launch of a proprietary gene-editing platform that enhances crop resilience and nutritional value. Projects in development focus on:
- Increased yield efficiency.
- Improved nutritional profiles in key crops.
- Reduced environmental impact through sustainable practices.
Corporate Social Responsibility
Benson Hill is committed to contributing to food security through responsible sourcing and sustainable agriculture initiatives. In 2022, the company invested over $4 million in community programs focused on food access and education.
Recent Partnerships and Collaborations
In 2023, Benson Hill established partnerships with notable organizations:
- Collaboration with major food brands for product development.
- Partnership with universities for research initiatives.
- Joint ventures with agricultural producers to improve supply chains.
Future Outlook
The company’s long-term goals include achieving a market cap of $1 billion by 2025 and expanding global reach, particularly in Europe and Asia. The expected CAGR for the plant-based market is projected at 12% from 2023 to 2028.
How Benson Hill, Inc. (BHIL) Works
Company Overview
Company Overview
Benson Hill, Inc. is a food technology company that focuses on enhancing the productivity of crops through advanced technology and data analytics. The company operates within the agricultural biotechnology sector and aims to optimize food production systems to meet growing demand.
Business Model
Benson Hill's business model is primarily based on the following:
- Development of proprietary crop traits
- Licensing technology to seed companies
- Partnerships with food companies for sustainable production
Financial Performance
As of the second quarter of 2023, Benson Hill reported the following financial metrics:
| Financial Metric | Q2 2023 | Q2 2022 |
|---|---|---|
| Revenue | $14.1 million | $9.8 million |
| Net Income | -$12.3 million | -$10.5 million |
| Gross Profit | $3.5 million | $2.1 million |
| Operating Expenses | $15.6 million | $13.2 million |
| Cash and Cash Equivalents | $45.0 million | $30.2 million |
Research and Development
Benson Hill invests significantly in R&D to innovate and enhance crop genetics. In 2022, the company allocated approximately $22 million towards R&D, focusing on developing crops like high-protein soybeans and specialty crops.
Market Position
Benson Hill is focused on positioning itself as a leader in the sustainable agriculture sector, primarily targeting high-value markets. As of October 2023, the company has partnerships with more than 15 major food and beverage companies for product development.
Partnerships and Collaborations
The company has established collaborations with various entities, including:
- Research universities like the University of Illinois
- Food companies such as Mondelez and General Mills
- Seed companies for licensing its technology
Future Outlook
As part of its strategy, Benson Hill aims to expand its product offerings and market reach. Analysts project a compound annual growth rate (CAGR) of approximately 22% for the agricultural biotechnology market through 2028, presenting significant opportunities for Benson Hill.
Stock Performance
As of October 2023, Benson Hill's stock price was approximately $2.50 per share, with a market capitalization of around $370 million.
Challenges
The company faces various challenges, including:
- Regulatory hurdles in biotechnology
- Market competition from established agricultural firms
- Need for continuous funding for R&D initiatives
Summary of Key Metrics
| Metric | Value |
|---|---|
| Number of Employees | Approximately 150 |
| Active Partnerships | 15+ |
| 2022 Revenue Growth | 43% |
| Projected CAGR (2023-2028) | 22% |
How Benson Hill, Inc. (BHIL) Makes Money
Revenue Streams
Benson Hill, Inc. generates revenue from multiple streams, primarily focusing on plant-based food ingredients and technology development. The main revenue sources include:
- Ingredient sales
- Technology licensing
- Sales of proprietary products
- Research and development collaborations
Ingredient Sales
Benson Hill’s ingredient sales come from its offerings of plant-based proteins and specialty grains that cater to various sectors including food and beverage, animal nutrition, and dietary supplements. For the fiscal year 2022, the company reported:
| Revenue Source | Amount (in millions) |
|---|---|
| Ingredient Sales | $31.7 |
Product Development and Proprietary Products
The company emphasizes innovation through its proprietary products that are developed using its CropOS technology platform. In 2022, the total revenue from proprietary products was:
| Product Type | Revenue (in millions) |
|---|---|
| Proprietary Ingredients | $15.2 |
Technology Licensing
Benson Hill also earns revenue through technology licensing agreements with third parties. The licensing agreements allow other companies to utilize its proprietary technology in their production processes. In 2022, technology licensing revenues accounted for:
| Licensing Agreement Type | Revenue (in millions) |
|---|---|
| Technology Licensing | $8.6 |
Research and Development Collaborations
The firm engages in various collaborations with academic institutions and industry partners, driving advancements in agricultural biotechnology. These collaborations contributed:
| Collaboration Type | Revenue (in millions) |
|---|---|
| R&D Collaborations | $12.5 |
Market Performance and Growth
Benson Hill has reported significant growth in revenue over recent years. The company’s total revenue for 2022 reached:
| Year | Total Revenue (in millions) |
|---|---|
| 2022 | $68.0 |
Financial Position
As of the end of 2022, Benson Hill’s financial position included:
| Financial Metric | Value |
|---|---|
| Total Assets | $105.3 million |
| Total Liabilities | $47.1 million |
| Equity | $58.2 million |
Future Outlook
The company anticipates growth driven by increased demand for sustainable food sources. Projections for 2023 indicate:
| Projection Type | Projected Revenue (in millions) |
|---|---|
| Ingredient Sales | $45.0 |
| Proprietary Products | $20.0 |
| Total Revenue | $100.0 |
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