secwatch.observer — SEC 8-K summary
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Issuer:     MP Materials Corp. / DE (MP)
CIK:        0001801368
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001801368-23-000027
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MP Materials Q2 revenue $64M (-55% YoY); net income $7.4M (-90%). Starts NdPr production.
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- Revenue of $64M, down 55% from $143.6M; net income of $7.4M, down 90% from $73.3M.
- Adjusted EBITDA of $27M, down 75% from $110M; diluted EPS $0.04 vs $0.38.
- REO production 10,863 MT (+5% YoY); realized price per REO MT $6,231 (-55%).
- Commenced production of separated rare earth products; first NdPr oxide shipments expected in Q3 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801368/000180136823000027/0001801368-23-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801368/000180136823000027/mp-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001801368-23-000027

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