earnings
confidence high
sentiment positive
materiality 0.70
Origin Materials Q2 Adj EBITDA loss $6.9M; cash $406.6M; offtake $8.1B; maintains outlook
Origin Materials, Inc.
2022-Q2 EPS reported
$0.38
- Cash and marketable securities $406.6M as of June 30, 2022.
- Operating expenses $8.7M (vs $6.7M YoY); Adjusted EBITDA loss $6.9M (vs $3.0M loss YoY).
- Contracted offtake agreements and capacity reservations increased to $8.1B, up from $7.4B in May 2022.
- Origin 1 mechanical completion on track for end of 2022; capital budget unchanged $125–130M.
- Maintains FY2022 outlook: Adjusted EBITDA loss ≤$36M, CapEx ≤$175M.