Origin Materials Q3 revenue $8.2M, net loss $36.8M; PET cap system test successful

Origin Materials, Inc.

2024-Q3 EPS reported -$0.49 revenue$22,060,000

Revenue of $8.2M (vs $7.1M); net loss $36.8M (vs $30.9M income, including non-cash gains).
Adjusted EBITDA loss $12.0M (vs $9.5M); cash $113.4M as of Sept 30.
Completed Factory Acceptance Test for PET cap system at >98% efficiency; multiple prospective customers.
Targeting 8+ CapFormer systems by end 2025; expects run-rate EBITDA positive by H1 2026; no equity needed.
Maintains FY 2024 guidance: revenue $25-35M, net cash burn $55-65M.

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