Origin Materials Earnings Reports

Origin Materials reported Q4 2024 revenue of $9.2 million, primarily from its supply chain activation program, reflecting a decline from the prior year. The company ramped up its CapFormer production with the first PET cap manufacturing line now in commercial production. Net loss widened to $13.5 million due to operating expenses of $16.2 million. The company secured financing to expand manufacturing and maintain a stable cash position of $102.9 million.

Origin Materials reported $8.2 million in revenue for Q3 2024, driven by the supply chain activation program. The company highlighted the successful Factory Acceptance Test of its first CapFormer System and reaffirmed its expectation of achieving run-rate EBITDA positive in the first half of 2026. They are targeting eight or more CapFormer Systems online by the end of 2025.

Origin Materials reported Q2 2024 financial results, highlighting a signed customer MOU for over $100 million of PET caps and reaffirmed the commercial production of PET caps to begin in Q4 2024. The company maintains its 2024 revenue and net cash burn guidance.

Origin Materials reported a revenue increase driven by its supply chain activation program and joint development agreements, alongside significant progress in commercializing its PET caps and closures business. The company reaffirmed its 2024 revenue and net cash burn guidance, highlighting a pathway to profitability led by the caps and closures sector.

Origin Materials reported Q4 2023 results, highlighting a pathway to profitability independent of biomass conversion technology scale-up, led by their caps and closures business. They announced a reduced 2024 cash burn of $55 million to $65 million and expect significant gross profit generation beginning in 2025. The company is also pursuing an asset-light strategy for biomass conversion technology scale-up with strategic partners.

Origin Materials reported Q3 2023 revenue of $7.1 million, driven by joint development agreements and the supply chain activation program. The company is focusing on cash conservation and prioritizing revenue-generating projects. They are updating 2023 revenue guidance to $25 million to $30 million and improving Adjusted EBITDA loss guidance to $45 million to $50 million.

Origin Materials reported revenue of $6.9 million driven by joint development agreements and the supply chain activation program. The company is focusing on FDCA production at Origin 2 due to strong demand and higher margins. Origin 1 initiated start-up, and the company updated the Origin 2 outlook with a phased construction plan.

Origin Materials reported revenue of $1.7 million for the first quarter of 2023, generated by joint development agreements and the Company’s supply chain activation program. The company is on track for Origin 1 start-up in Q2 2023. Front-end design, construction planning, and financing for Origin 2 are progressing.

Origin Materials reported net income of $16.0 million for the fourth quarter of 2022, with cash, cash equivalents, and marketable securities totaling $323.8 million as of December 31, 2022. The company is progressing with Origin 1 and Origin 2 plants, and announced a strategic partnership with Avantium.

Origin Materials reported a net income of $8.3 million for Q3 2022, with cash, cash equivalents, and marketable securities totaling $362.2 million. The company maintains its construction timeline for Origin 1, expecting mechanical completion by the end of 2022. Customer demand remains strong, with contracted offtake agreements and capacity reservations increasing to $9.0 billion.

Origin Materials reported strong customer demand and increased contracted offtake agreements and capacity reservations to $7.4 billion. The Origin 1 construction timeline is on track, but the capital budget increased by $15 to $20 million. The Origin 2 construction timeline, budget, and financing are unchanged. The company maintains its 2022 Adjusted EBITDA forecast loss of $36 million and updates its capital expenditure outlook to up to $175 million.

Origin Materials reported a net income of $5.2 million for Q4 2021, compared to a net loss of $23.5 million in the prior-year period. The company's adjusted EBITDA loss was $6.6 million, compared to a loss of $3.8 million in the prior-year period. Origin Materials has increased its total signed offtake agreements and capacity reservations to $5.6 billion from $4.2 billion in November 2021.

Origin Materials reported strong customer demand and progress on its mission to enable the world’s transition to sustainable materials, completing the installation of the key production modules at Origin 1 six months ahead of schedule and increasing signed offtake agreements and capacity reservations to $4.2 billion.

Origin Materials reported financial results for the second quarter ended June 30, 2021. The company reaffirmed its capital budget and production timeline for Origin 1 and 2, and increased contracted offtake agreements and capacity reservations to $3.5 billion.