Benson Hill's restructuring continues — slowly

Seed innovation company finds turnaround can be slow business.

In the midst of a transition to a licensing business model, St. Louis, Mo.-based Benson Hill reported improved revenues — but somewhat widening net losses — in its third quarter of 2024, ended in September.

The developer of ultra-high protein soy seeds saw revenues increase 45% in the quarter, to $34.1 million, with net losses of $21.9 million, compared with a net loss of $17.5 million…