Origin Materials Q3 net income $8.3M, cash $362M; offtake hits $9B, Origin 1 on track for year-end mechanical completion

Origin Materials, Inc.

2022-Q3 EPS reported $0.44

Net income of $8.3M in Q3 2022, down from $27.9M in Q3 2021.
Adjusted EBITDA loss of $8.4M vs $5.7M loss in prior-year period.
Cash and marketable securities $362.2M at Sept 30, 2022.
Signed offtake agreements and capacity reservations increased to $9.0B, up from $8.1B in August 2022.
Origin 1 mechanical completion on track by year-end 2022; commissioning complete by Q1 2023; capital budget $125-130M unchanged.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Origin Materials, Inc. reported three months ended September 30, 2022 results: net income $8.3 million. Guidance reaffirmed.

Period: three months ended September 30, 2022
Net income: $8.3 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Origin Materials, Inc. issued a press release announcing its financial results for the three months ended September 30, 2022.

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Origin Materials, Inc. filing history →

Source: SEC EDGAR

accession 0001802457-22-000056

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