Origin Materials Swings to Q3 Loss, Revenue Increases; Reaffirms Guidance

MT Newswires Live

2024/11/15

Origin Materials (ORGN) reported a Q3 net loss late Thursday of $0.26 per diluted share, reversing from a net income of $0.22 a year earlier.

One analyst expected a loss of $0.11 in a Capital IQ survey.

Revenue for the quarter ended Sept. 30 was $8.2 million, up from $7.1 million a year earlier. One analyst expected $8.3 million in a Capital IQ poll.

The company maintained its full-year 2024 revenue guidance of $25 million to $35 million. One analyst expect $31.2 million in a Capital IQ survey.

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One analyst expected $8.3 million in a Capital IQ poll.</p><p>The company maintained its full-year 2024 revenue guidance of $25 million to $35 million. One analyst expect $31.2 million in a Capital IQ survey.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ORGN","symbol_name":"Origin Materials Inc.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2483235643","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483235643","pubTimestamp":1731622707,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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