Benson Hill (BHIL) has concluded the sale of the Creston, IA. soybean crushing plant for $72 million. According to the CEO, Deanie Elsner, the company will concentrate on core activities including specialized soybean cultivars and an “expanded focus on animal feed markets”.
For the nine months of FY 2023 ending September 30th, the company posted a net loss of $77.5 million on revenue of $356.8 million. Over the past 52 weeks, the share price of BHIL has declined from $2.34 to $0.12. On a trailing 12-month basis, operating margin was -21 percent and profit margin -28 percent. The company has generated a return on assets of -13 percent and -57 percent on equity. This suggest a downward spiral ending in acquisition or bankruptcy.