Origin Materials Q4 net income $16M, adj. EBITDA loss $9.2M; 2023 rev guidance $40-60M

Origin Materials, Inc.

2022-FY EPS reported $0.55

Net income $16.0M in Q4 2022 vs $5.2M prior year; full year net income $78.6M vs $42.1M.
Adjusted EBITDA loss $9.2M in Q4, $31.0M full year; 2023 guidance: revenue $40-60M, adjusted EBITDA loss $50-60M.
Origin 1 mechanically complete, commissioning and start-up expected Q2 2023.
Louisiana State Bond Commission approved up to $1.5B tax-exempt bonds for Origin 2; partnership with Avantium for FDCA/PEF.
Total offtake agreements and capacity reservations increased to $9.3B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Origin Materials, Inc. reported financial results for the year ended December 31, 2022.

Period: the year ended December 31, 2022
Result: reported results

Exact text from the filing

On February 23, 2023, Origin Materials, Inc. issued a press release announcing its financial results for the year ended December 31, 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Origin Materials, Inc. reported financial results for the fourth quarter ended December 31, 2022.

Period: the fourth quarter ended December 31, 2022
Result: reported results

Exact text from the filing

Origin Materials, Inc. (“Origin,” “Origin Materials,” or the “Company”) (Nasdaq: ORGN, ORGNW), the world’s leading carbon negative materials company with a mission to enable the world’s transition to sustainable materials, today announced financial results for its fourth quarter and year ended December 31, 2022.

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20 earnings releases filed in the last 30 days. Browse all earnings releases →

Origin Materials, Inc. filing history →

Source: SEC EDGAR

accession 0001802457-23-000015

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