secwatch.observer — SEC 8-K summary
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Issuer:     MP Materials Corp. / DE (MP)
CIK:        0001801368
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001801368-23-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MP Materials reports record FY2022 revenue of $527.5M, net income up 114% to $289M
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- FY2022 revenue $527.5M (+59% YoY); net income $289.0M (+114%); Adjusted EBITDA $388.6M (+77%).
- Produced 42,499 metric tons of REO, highest annual U.S. rare earth production; sold record 43,198 MT.
- Q4 2022 revenue $93.2M (-6% YoY); net income $67.0M (+37%); diluted EPS $0.36 vs $0.26.
- Signed long-term agreement with GM to supply rare earth alloy and magnets for 12 Ultium EV platforms.
- Signed distribution agreement with Sumitomo Corp for access to Japanese customers; Stage II commissioning underway.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801368/000180136823000005/0001801368-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801368/000180136823000005/mp-20230223.htm
  HTML page:      https://secwatch.observer/filing/0001801368-23-000005

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