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Benson Hill, Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19
   10-K10-K10-K10-K
Revenues  381.290.959.179.5
            Revenues growth  319.2%54.0%-25.7% 
Cost of sales  377.796.854.471.0
    Gross profit (loss)  3.5-5.94.68.6
            Gross margin  0.9%-6.5%7.9%10.8%
   
Operating expenses:      
Research and development  47.540.629.524.8
Selling, general and administrative expenses  81.071.929.527.5
Impairment of goodwill    3.0 
    Total operating expenses  128.5112.561.952.3
    Loss from operations  -125.0-118.4-57.2-43.7
            Operating margin  -32.8%-130.2%-96.9%-55.0%
   
Other (income) expense:      
Interest expense, net  21.44.56.60.2
Changes in fair value of warrants and conversion option  -49.1-12.10.7 
Other expense, net  2.3-0.50.00.0
Total other (income) expense, net  -25.43.57.20.2
    Net loss from continuing operations before income taxes  -99.6-122.0-64.5-43.9
Income tax expense (benefit)  0.10.20.00.0
    Net loss from continuing operations, net of income taxes  -99.7-122.2-64.5 
Net loss from discontinued operations, net of income taxes  -28.2-4.0-2.6 
    Net loss attributable to common stockholders  -127.9-126.2-67.2-43.9
   
Net loss per common share:      
Basic net loss per common share from continuing operations (in usd per share)  0.00.00.0 
Diluted net loss per common share from continuing operations (in usd per share)  0.00.00.0 
Basic net loss per common share from discontinued operations (in usd per share)  0.00.00.0 
Diluted net loss per common share from discontinued operations  0.00.00.0 
   
Basic total net loss per common share (in usd per share)  ($0.71)($1.04)($0.81)($0.65)
Diluted total net loss per common share (in usd per share)  ($0.71)($1.04)($0.81)($0.65)
   
Weighted average shares outstanding:      
Basic weighted average shares outstanding (in shares)  179.9121.883.367.7
Diluted weighted average shares outstanding (in shares)  179.9121.883.367.7

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