secwatch.observer — SEC 8-K summary
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Issuer:     MP Materials Corp. / DE (MP)
CIK:        0001801368
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001801368-23-000034
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801368/000180136823000034/0001801368-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801368/000180136823000034/mp-20231102.htm
  HTML page:      https://secwatch.observer/filing/0001801368-23-000034

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