Origin Materials Q4 2021 Earnings Report
Key Takeaways
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.
Increased total signed offtake agreements and capacity reservations to $5.6 billion from $4.2 billion in November 2021.
Announced Origin 2 site selection in Geismar, Louisiana.
Origin to receive $400 million Private Activity Bond volume cap allocation and state and local incentives worth more than $100 million, subject to finalization.
Reaffirmed 2022 Adjusted EBITDA forecast loss of $36 Million.
Origin Materials
Origin Materials
Forward Guidance
The Company is providing the following initial guidance for Adjusted EBITDA and capital spending for fiscal year 2022
Positive Outlook
- Adjusted EBITDA loss of up to $36 million
- Capital spending is expected to be up to $155 million