earnings
confidence high
sentiment negative
materiality 0.78
MP Materials Q2 net loss $34M; revenue down 51% YoY; NdPr production doubles QoQ to 272 MT
MP Materials Corp. / DE
2024-Q2 EPS reported
-$0.28
revenue$79,942,000
- Revenue $31.3M (-51% YoY); net loss $34.1M vs $7.4M income; adj. EBITDA -$27.1M.
- REO production 9,084 MT (-16% YoY); realized price $4,183/MT (-33%).
- NdPr output 272 MT (2x QoQ); sales 136 MT at $48/kg; expect 50% Q3 sequential growth.
- Signed NdPr deal with global automaker; awarded DoD contract; received $50M customer prepayment.