Origin Materials Reports FY2023 Revenue of $28.8M, Net Income $23.8M, and Provides 2024 Guidance

Origin Materials, Inc.

2023-FY EPS reported $0.17 revenue$28,805,000

FY2023 revenue $28.8M (vs $0 in prior year), net income $23.8M, adjusted EBITDA loss $41.6M.
Guides 2024 revenue $25-35M and net cash burn $55-65M; expects gross profit from caps & closures in 2025.
Announces asset-light strategy for Origin 2 biomass plant scale-up, with partners providing construction capital.
Multiple CPG companies in letter-of-intent phase for PET caps; third-party tests confirm industry-standard performance.
Board changes: Tony Tripeny becomes Chairman, John Hickox joins as Audit Committee Chair, Karen Richardson retires.

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 0.85

Origin Materials, Inc. reported financial results for fourth quarter and year ended December 31, 2023.

Period: fourth quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

Origin Materials, Inc. issued a press release announcing its financial results for the year ended December 31, 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 0001802457-24-000010

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