Overview
Origin Materials Q3 revenue fell to $4.7 mln, down from $8.2 mln last year
Company secures convertible debt financing up to $90 mln to fund growth
Origin announces $20 mln equipment financing, increasing CapFormer capacity
Outlook
Origin Materials maintains 2026 revenue guidance of $20 mln to $30 mln
Company expects 2027 revenue of $100 mln to $200 mln
Origin anticipates Adjusted EBITDA run-rate breakeven by 2027
Result Drivers
FINANCING - Origin secures convertible debt financing up to $90 mln to maintain cash floor and fund growth
CUSTOMER DEMAND - Strong demand for PET caps, particularly in water segment, supports commercialization strategy
CAPFORMER EXPANSION - CapFormer deployment schedule on track, supporting revenue growth strategy
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $4.66 mln | ||
Q3 EPS | -$0.11 | ||
Q3 Net Income | -$16.38 mln | ||
Q3 Adjusted EBITDA | -$11.60 mln | ||
Q3 Operating Expenses | $17.09 mln |
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the commodity chemicals peer group is "buy"
Wall Street's median 12-month price target for Origin Materials Inc is $2.00, about 74.6% above its November 12 closing price of $0.51
Press Release: ID:nBwblKQFGa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)