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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