MP Materials Q4 revenue up 48% to $61M; net loss widens to $22.3M; begins commercial NdPr metal

MP Materials Corp. / DE

2024-FY EPS reported -$0.57 revenue$203,855,000

Record REO concentrate production 45,455 metric tons in 2024, up from prior year.
Q4 revenue $61.0M (+48% YoY); net loss $22.3M vs $16.3M loss in Q4 2023.
Commenced commercial NdPr metal production and trial automotive-grade magnet production at Independence.
Received $50M customer prepayment in Q4, total $100M for magnetic precursor production.
Repurchased 8.6% of shares ($225.1M at avg $14.76); extended debt maturities to 2030.

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