secwatch.observer — SEC 8-K summary
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Issuer:     MP Materials Corp. / DE (MP)
CIK:        0001801368
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001801368-23-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MP Materials Q1 revenue down 42% YoY to $95.7M; net income falls 56% to $37.4M
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- Diluted EPS $0.20 ($0.27 adjusted); net income $37.4M vs $85.6M a year ago.
- REO sales volume 10,215 MT (-13% YoY); realized price $9,365/MT (-32% YoY).
- Production cost per REO MT $1,978 (+24% YoY) reflecting cost inflation.
- Stage II and Stage III construction progressing; CEO notes weaker commodity pricing.
- Adjusted EBITDA $58.7M, down 56% from $132.3M in Q1 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801368/000180136823000018/0001801368-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801368/000180136823000018/mp-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001801368-23-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer