NASDAQ$ORGN
Origin Materials Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Origin Materials' financial performance in Q1 2024 was marked by revenue growth and strategic advancements in its caps and closures business.
Origin Materials reported a revenue increase driven by its supply chain activation program and joint development agreements, alongside significant progress in commercializing its PET caps and closures business. The company reaffirmed its 2024 revenue and net cash burn guidance, highlighting a pathway to profitability led by the caps and closures sector.
- Revenue increased to $6.8 million, driven by supply chain activation and joint development agreements.
- Accelerated procurement of multiple additional high-throughput caps and closures production lines.
- Completed a successful capping trial on a commercial bottle line using Origin recycled PET caps.
- Maintained 2024 revenue guidance of $25 million to $35 million and net cash burn guidance of $55 million to $65 million.
Headline financials
Revenue & EPS history
Origin Materials · Revenue · Quarterly
$6.83M
Forward guidance
Origin Materials is maintaining its revenue guidance of $25 million to $35 million and net cash burn guidance of $55 million to $65 million for the full year 2024.
Tailwinds
- Strong progress on pathway to profitability, led by PET caps and closures business
- Accelerating the procurement of multiple additional high-throughput caps and closures production lines
- Completed successful capping trial on commercial bottle line applying Origin Recycled PET caps
- Converting sustainable wood residues at Origin 1 into versatile intermediates
- Customer demand remains strong
Headwinds
- Unforeseen events, including changes in global economic conditions, could impact the guidance
- Relies on assumptions that may not materialize
- Macroeconomic challenges
- Net loss of $13.9 million for the first quarter
- Adjusted EBITDA loss was $12.9 million for the first quarter
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2024
-5.4%
Avg return
Earnings day
-2.4%
Avg return
5 days after
-5.8%
Avg return
30 days after
42%
10 / 24 earnings
Positive
+27.9%
Q2 2024
Best reaction
-66.3%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +9.6% | -6.1% | — | |
| Q1 2026 | +0.0% | +21.1% | -13.0% | |
| Q3 2025 | -3.7% | -8.2% | -17.6% | |
| Q2 2025 | -33.5% | -36.8% | -32.7% | |
| Q1 2025 | -32.7% | -24.0% | -34.9% | |
| Q4 2024 | -4.2% | -9.4% | -34.6% | |
| Q3 2024 | -11.4% | -15.4% | -6.5% | |
| Q2 2024 | +27.9% | +86.0% | +80.2% | |
| Q1 2024 | -21.6% | -17.4% | -17.7% | |
| Q4 2023 | -6.1% | -5.9% | -11.9% | |
| Q3 2023 | -19.0% | +1.8% | -29.6% | |
| Q2 2023 | -66.3% | -67.1% | -65.3% | |
| Q1 2023 | +7.6% | +8.8% | +8.8% | |
| Q4 2022 | +3.8% | +0.2% | -17.3% | |
| Q3 2022 | +6.8% | +3.6% | +4.3% | |
| Q2 2022 | +12.4% | +18.2% | -0.3% | |
| Q1 2022 | -14.2% | -3.1% | +5.3% | |
| Q4 2021 | +5.7% | +11.8% | +40.0% | |
| Q3 2021 | +3.8% | -3.9% | -15.9% | |
| Q2 2021 | +3.3% | -13.4% | +19.7% | |
| Q1 2021 | -0.3% | +0.1% | +1.2% | |
| Q4 2020 | -0.3% | +0.1% | +1.2% | |
| Q2 2020 | +3.8% | +1.9% | +0.3% | |
| Q3 2020 | -0.4% | +0.1% | +2.7% |
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