secwatch.observer — SEC 8-K summary
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Issuer:     Origin Materials, Inc. (ORGN)
CIK:        0001802457
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001802457-23-000103
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Origin Materials reports Q3 revenue $7.1M, starts commercial production at Origin 1, cuts 2023 revenue guidance
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- Q3 revenue of $7.1M vs zero prior year; net income $30.9M, adjusted EBITDA loss $9.5M.
- Cash and marketable securities $189.5M as of Sep 30, 2023.
- 2023 revenue guidance lowered to $25-30M from $40-60M; adjusted EBITDA loss guidance improved to $45-50M.
- Commercial-scale production at Origin 1 began in October; delivering CMF and HTC to customers.
- New CFO Matt Plavan appointed; contracted offtake agreements exceed $10B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802457/000180245723000103/0001802457-23-000103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802457/000180245723000103/orgn-20231109.htm
  HTML page:      https://secwatch.observer/filing/0001802457-23-000103

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer