MP Materials Q3 2023: Revenue $52.5M (-58% YoY), net loss $4.3M, begins NdPr production

MP Materials Corp. / DE

2023-Q3 EPS reported $0.22 revenue$212,240,000

Revenue $52.5M (58% YoY drop); net loss $4.3M vs net income $63.2M a year ago.
Adjusted EBITDA $15.6M (down 83% YoY); adjusted diluted EPS $0.04 (down 89%).
REO sales volume 9,177 MT (-14% YoY); realized price $5,718/MT (down 51%).
Produced first separated NdPr oxide (50 MT in Q3) on U.S. soil; trial NdPr metal production begun.
Announced 'Upstream 60K' plan to expand REO output ~50% (to ~60K MT/yr) within 4 years.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MP Materials Corp. / DE reported three and nine months ended September 30, 2023 results: revenue $52.5M, net income net loss of $4.3M, EPS Diluted loss per share of $0.02 and Adjusted Diluted EPS of $0.04.

Period: three and nine months ended September 30, 2023
Revenue: $52.5M
Net income: net loss of $4.3M
EPS: Diluted loss per share of $0.02 and Adjusted Diluted EPS of $0.04
Result: reported results

Exact text from the filing

“Upstream 60K” strategy targeting ~50% expansion of REO output at Mountain Pass Stage I REO sales and production volumes of 9,177 and 10,766 metric tons, respectively Revenue of $52.5M and net loss of $4.3M Adjusted EBITDA of $15.6M Diluted loss per share of $0.02 and Adjusted Diluted EPS of $0.04 LAS VEGAS, November 2, 2023 – MP Materials Corp. (NYSE: MP)

View on SEC.gov

Browse all earnings releases →

MP Materials Corp. / DE filing history →

Source: SEC EDGAR

accession 0001801368-23-000034

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.