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Stock impact report

Origin Materials, Inc. Reports Operating and Financial Results for Third Quarter 2024

Origin Materials, Inc. - Class A (ORGN) 
US:NASDAQ Investor Relations: origenfinancial.com
Company Research Source: Business Wire
– Completed Factory Acceptance Test for 1st PET Cap Manufacturing System, Production Timing on Track –– Test Attended by Multiple Prospective Customers Totaling 100 Billion in Annual Caps Consumption –– Targeting Eight or More CapFormer Systems Online by End of 2025, Expected to be Sufficient to Enable Positive EBITDA –– Reaffirms Expectation of Run-Rate EBITDA Positive 1st Half 2026, No Additional Equity Capital Required –– Maintains 2024 Revenue and Net Cash Burn Guidance – WEST SACRAMENTO, Calif.--(BUSINESS WIRE)--Origin Materials, Inc. (“Origin,” “Origin Materials,” or the “Company”) (Nasdaq: ORGN, ORGNW), a technology company with a mission to enable the world’s transition to sustainable materials, today announced financial results for its third quarter ended September 30, 2024.“This quarter we achieved a milestone on our journey to profitability: the successful Factory Acceptance Test of our first CapFormer System,” said Rich Riley, Co-Chief Executive Officer of Origin. “Our Show less Read more
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