secwatch.observer — SEC 8-K summary
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Issuer:     Origin Materials, Inc. (ORGN)
CIK:        0001802457
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001802457-24-000048
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Origin Materials Q1 revenue $6.8M, net loss $13.9M; caps lines expected to generate $45M-$65M annual revenue
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- Revenue $6.8M (up from $1.7M YoY); net loss $13.9M vs net income $9.8M in prior-year period.
- Adjusted EBITDA loss widened to $12.9M from $9.7M; cash and equivalents $146.6M.
- Reaffirmed FY 2024 guidance: revenue $25M-$35M, net cash burn $55M-$65M.
- Accelerated procurement of additional high-throughput caps lines; initial systems expected to generate $45M-$65M annual revenue at full capacity.
- Completed capping trial on commercial bottle line using recycled PET caps; converted wood residue at Origin 1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802457/000180245724000048/0001802457-24-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802457/000180245724000048/orgn-20240514.htm
  HTML page:      https://secwatch.observer/filing/0001802457-24-000048

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