secwatch.observer — SEC 8-K summary
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Issuer:     MP Materials Corp. / DE (MP)
CIK:        0001801368
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001801368-24-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MP Materials Q4 revenue $41.2M (-56% YoY), net loss $16.3M; FY2023 net income $24.3M
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- Q4 2023 revenue $41.2M, down 56% YoY; net loss $16.3M vs net income $67M in Q4 2022.
- Full year 2023 revenue $253.4M, net income $24.3M, Adjusted EBITDA $102.5M; produced 41,557 MT REO.
- Produced 200 MT of NdPr oxide in 2023; sold 10 MT NdPr oxide in Q4 at $70/kg.
- Began trial production of NdPr metal at Fort Worth magnetics facility; installation of production equipment underway.
- Ended 2023 with $997.8M cash & short-term investments, $307.8M net cash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801368/000180136824000006/0001801368-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801368/000180136824000006/mp-20240222.htm
  HTML page:      https://secwatch.observer/filing/0001801368-24-000006

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