earnings
confidence high
sentiment negative
materiality 0.70
MP Materials Q3 revenue $62.9M (+20% YoY), net loss widens to $25.5M, record NdPr production
MP Materials Corp. / DE
2024-Q3 EPS reported
-$0.44
revenue$142,869,000
- Revenue $62.9M (+20% YoY); net loss $25.5M vs $4.3M loss last year.
- Record REO production 13,742 MT (+28% YoY); record NdPr production 478 MT (+76% sequential).
- NdPr sales volume 404 MT (nearly tripled sequentially) at realized price $47/kg.
- Adjusted EBITDA -$11.2M vs +$15.6M last year; diluted EPS -$0.16 vs -$0.02.
- Fort Worth metal facility in commissioning; deliveries expected by year-end.