NASDAQ$ORGN
Origin Materials Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported operating and financial results for Q4 2023, announced a pathway to profitability led by caps & closures, stated that no additional equity capital is required, and introduced an asset light strategy to scale biomass conversion technology with strategic partners.
Origin Materials reported Q4 2023 results, highlighting a pathway to profitability independent of biomass conversion technology scale-up, led by their caps and closures business. They announced a reduced 2024 cash burn of $55 million to $65 million and expect significant gross profit generation beginning in 2025. The company is also pursuing an asset-light strategy for biomass conversion technology scale-up with strategic partners.
- Origin has a pathway to profitability with no additional equity capital required, through businesses independent of its biomass-based manufacturing plant operations and timelines.
- Expected cash burn for 2024 has reduced to between $55 million and $65 million, with meaningful gross profit generation anticipated to begin in 2025, primarily due to the strong commercialization progress of Origin’s caps and closures business.
- Caps and closures business is advancing rapidly and is positioned to be first to market with a commercially scalable PET cap.
- For Origin 2, the Company is pursuing an asset light strategy in support of technology scale up.
Headline financials
Revenue & EPS history
Origin Materials · Revenue · Quarterly
$13.1M
Forward guidance
The Company is providing the following guidance for 2024 revenue and net cash burn: •Revenue of $25 million to $35 million. •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 19 quarterly earnings reports · overlaid with Q4 2023
-5.4%
Avg return
Earnings day
-3.8%
Avg return
5 days after
-6.6%
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 |
|---|---|---|---|---|
| Q1 2026 | +0.0% | +21.1% | — | |
| Q4 2025 | +9.6% | -40.6% | -32.2% | |
| 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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