Origin Materials Q1 revenue $1.7M, net income $9.8M; maintains FY 2023 guidance

Origin Materials, Inc.

2023-Q1 EPS reported $0.07 revenue$1,704,000

Revenue $1.7M from joint development and supply chain activation vs zero prior year.
Net income $9.8M; adjusted EBITDA loss $9.7M; cash and securities $263.9M.
Origin 1 mechanically complete, start-up expected Q2 2023; Origin 2 financing progress.
FY 2023 outlook: revenue $40-60M, adjusted EBITDA loss $50-60M unchanged.
New partnerships with Indorama, SCGP, Hyosung, Minafin; board appointments.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Origin Materials, Inc. reported first quarter ended March 31, 2023 results: revenue $1.7 million. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Revenue: $1.7 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Origin Materials reported quarterly revenue of $1.7 million generated by joint development agreements and the Company’s supply chain activation program

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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 0001802457-23-000047

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