See more : WeCommerce Holdings Ltd. (WE.V) Income Statement Analysis – Financial Results
Complete financial analysis of Origin Materials, Inc. (ORGN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Origin Materials, Inc., a leading company in the Chemicals industry within the Basic Materials sector.
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Origin Materials, Inc. (ORGN)
About Origin Materials, Inc.
Micromidas, Inc., doing business as Origin Materials, produces and commercializes plant-based PET plastic. It develops a platform for turning the carbon found in biomass into useful materials, while capturing carbon in the process. The company serves tire filler, carbon black, agriculture, and activated carbon markets. Micromidas, Inc. has a strategic alliance with Palantir Technologies Inc. The company was incorporated in 2008 and is based in West Sacramento, California with a facility in Sarnia, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 28.81M | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 23.59M | 1.29M | 824.00K | 479.00K | 0.00 |
| Gross Profit | 5.21M | -1.29M | -824.00K | -479.00K | 0.00 |
| Gross Profit Ratio | 18.10% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 21.35M | 14.14M | 9.12M | 4.14M | 6.70M |
| General & Administrative | 35.38M | 24.10M | 17.27M | 6.56M | 3.71M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 35.38M | 24.10M | 17.27M | 6.56M | 3.71M |
| Other Expenses | 3.36M | 711.00K | 544.00K | 479.00K | 0.00 |
| Operating Expenses | 60.10M | 38.95M | 26.93M | 11.18M | 427.82K |
| Cost & Expenses | 83.69M | 38.95M | 26.93M | 11.18M | 427.82K |
| Interest Income | 6.30M | 8.83M | 1.41M | 341.00K | 51.59K |
| Interest Expense | 131.00K | 0.00 | 2.84M | 341.00K | 0.00 |
| Depreciation & Amortization | 3.98M | 1.29M | 824.00K | 479.00K | 645.76K |
| EBITDA | 26.82M | 79.86M | 45.75M | -10.70M | -10.41M |
| EBITDA Ratio | 93.11% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | -54.88M | 57.02M | 50.78M | -10.38M | -11.06M |
| Operating Income Ratio | -190.53% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 77.59M | 117.52M | -8.69M | -19.93M | 10.58M |
| Income Before Tax | 22.71M | 78.57M | 42.09M | -30.30M | -479.41K |
| Income Before Tax Ratio | 78.84% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | -1.09M | -21.55M | 79.14M | 1.15M | 0.00 |
| Net Income | 23.80M | 78.57M | -37.05M | -31.45M | -479.41K |
| Net Income Ratio | 82.62% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 0.17 | 0.57 | -0.37 | -0.21 | -0.37 |
| EPS Diluted | 0.17 | 0.55 | -0.35 | -0.21 | -0.37 |
| Weighted Avg Shares Out | 139.72M | 137.56M | 101.22M | 141.25M | 1.28M |
| Weighted Avg Shares Out (Dil) | 142.66M | 142.15M | 106.24M | 141.25M | 1.28M |
Origin Materials Regains Compliance with Nasdaq Listing Requirements
WEST SACRAMENTO, Calif.--(BUSINESS WIRE)--Origin Materials (“Origin”) (NASDAQ: ORGN, ORGNW), the world's leading carbon negative materials company with a mission to enable the world's transition to sustainable materials, today announced that on June 11, 2024 it received written notice from the...
Origin Materials and Bachmann Group to Mass Produce PET Caps and Closures
WEST SACRAMENTO, Calif. & HOCHDORF, Switzerland--(BUSINESS WIRE)--Origin Materials (“Origin”) (NASDAQ: ORGN, ORGNW), the world's leading carbon negative materials company with a mission to enable the world's transition to sustainable materials, and Bachmann Group (“Bachmann”), a leading packaging production and logistics...
Origin Materials, Inc. (ORGN) Q1 2024 Earnings Call Transcript
Origin Materials, Inc. (NASDAQ:ORGN ) Q1 2024 Earnings Conference Call May 14, 2024 5:00 PM ET Company Participants Ryan Smith - Co-Founder and Chief Product Officer Rich Riley - Co-CEO John Bissell - Co-CEO and Co-Founder Matt Plavan - CFO...
Origin Materials, Inc. Reports Operating and Financial Results for First Quarter 2024
WEST SACRAMENTO, Calif.--(BUSINESS WIRE)--Origin Materials, Inc. (“Origin,” “Origin Materials,” or the “Company”) (Nasdaq: ORGN, ORGNW), the world's leading carbon negative materials company with a mission to enable the world's transition to sustainable materials, today announced financial results for its first...
Origin Materials Introduces World's First Tethered PET Beverage Cap for Improved Recycling Circularity
WEST SACRAMENTO, Calif.--(BUSINESS WIRE)--Origin Materials (“Origin”) (NASDAQ: ORGN, ORGNW), the world's leading carbon negative materials company with a mission to enable the world's transition to sustainable materials, today announced another innovation in its PET caps and closures portfolio: the world's...
Origin Materials Introduces World's First CSD (Carbonated Soft Drink) PET Cap, the Lightest of its Kind Ever Produced Commercially
WEST SACRAMENTO, Calif.--(BUSINESS WIRE)--Origin Materials (“Origin”) (NASDAQ: ORGN, ORGNW), the world's leading carbon negative materials company with a mission to enable the world's transition to sustainable materials, today announced the initial product offering from its all-PET caps and closures manufacturing...
Origin Materials Partners with IMDvista on World's First PET Cap and Closure Manufacturing System
WEST SACRAMENTO, Calif. & BRÜGG, Switzerland--(BUSINESS WIRE)--Origin Materials (“Origin”) (NASDAQ: ORGN, ORGNW), the world's leading carbon negative materials company with a mission to enable the world's transition to sustainable materials, and IMDvista (“IMD”), a Swiss high-tech company specializing in the...
Origin Materials Announces First Quarter 2024 Earnings Release Date and Conference Call
WEST SACRAMENTO, Calif.--(BUSINESS WIRE)--Origin Materials, Inc. (“Origin,” “Origin Materials,” or “the Company”) (Nasdaq: ORGN, ORGNW), today announced that it will release its first quarter 2024 results after market close on Tuesday, May 14, 2024, to be followed by a conference...
Origin Materials Partners with PackSys Global on World's First PET Cap and Closure Manufacturing System
WEST SACRAMENTO, Calif. USA and RÜTI, Switzerland--(BUSINESS WIRE)--Origin Materials (“Origin”) (NASDAQ: ORGN, ORGNW), the world's leading carbon negative materials company with a mission to enable the world's transition to sustainable materials, and PackSys Global AG (“PackSys Global”), the leading packaging...
Origin Materials Converts Wood Residue Feedstock into Sustainable Intermediates at Commercial-Scale Plant
WEST SACRAMENTO, Calif.--(BUSINESS WIRE)--Origin Materials (“Origin”) (NASDAQ: ORGN, ORGNW), the world's leading carbon negative materials company with a mission to enable the world's transition to sustainable materials, today announced the successful conversion of wood residue feedstock into sustainable intermediates at...
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