Origin Materials Q2 rev $6.9M; Origin 1 startup; FDCA moved to Origin 2; phased build to 2026-2028

Origin Materials, Inc.

2023-Q2 EPS reported $0.02 revenue$8,602,000

Q2 revenue $6.9M vs $0 prior year; net loss $6.3M vs net income $46.9M; Adj EBITDA loss $11.7M vs $6.9M loss.
Origin 1 commercial CMF plant initiated start-up in June 2023.
FDCA production moved from Origin 3 to Origin 2; Origin 2 now phased: Phase 1 start-up late 2026-2027, Phase 2 in 2028.
Phase 1 capital budget up to $400M; Phase 2 up to $1.2B (vs original $1.07B total); 2024 capex up to $50M.
Maintained FY2023 guidance: revenue $40-60M, Adj EBITDA loss $50-60M; customer demand exceeds $10B in offtake.

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. updated its the three months ended June 30, 2023 guidance (reaffirmed).

Period: the three months ended June 30, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On August 9, 2023, Origin Materials, Inc. issued a press release announcing its financial results for the three months ended June 30, 2023.

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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 0001802457-23-000088

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