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Dec 31, 2022
Origin Materials Q4 2022 Earnings Report
Reported financial results for Q4 2022.
Key Takeaways
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 1 mechanically complete, completion of commissioning & start-up expected in Q2 2023.
Origin 2 front-end design, construction planning, and financing are progressing with update to be provided mid-2023.
Louisiana State Bond Commission approves significant financing milestone.
Announced strategic partnership with Avantium to accelerate mass production of FDCA and PEF for advanced chemicals and plastics.
Forward Guidance
The Company is providing revenue guidance of $40 to $60 million and an Adjusted EBITDA loss of $50 million to $60 million for fiscal year 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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