NASDAQ$ORGN
Origin Materials Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported a revenue of $7.0 million, driven by the supply chain activation program, and progressed in commercializing its caps and closures business.
Origin Materials reported Q2 2024 financial results, highlighting a signed customer MOU for over $100 million of PET caps and reaffirmed the commercial production of PET caps to begin in Q4 2024. The company maintains its 2024 revenue and net cash burn guidance.
- Signed a customer memorandum of understanding for over $100 million of PET caps.
- Reaffirmed PET cap commercial production to begin in the fourth quarter of 2024, with revenue ramp-up starting in the first quarter of 2025.
- Maintained 2024 revenue guidance of $25 million to $35 million.
- Maintained 2024 net cash burn guidance between $55 million and $65 million.
Headline financials
Revenue & EPS history
Origin Materials · Revenue · Quarterly
$7.03M
Forward guidance
The Company is maintaining the following guidance for 2024 revenue and net cash burn.
Tailwinds
- Revenue of $25 million to $35 million.
Headwinds
- Net cash burn between $55 million and $65 million.
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 Q2 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% |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro