The earnings call presented a positive outlook with significant progress in their caps and closures business and strong customer demand. However, there are operational adjustments such as reduced staffing at the biomass plant and uncertainty about the Origin 2 location. The focus remains on achieving profitability by 2026.

Company Guidance

In the third quarter of 2024, Origin Materials provided guidance on its caps and closures business, highlighting significant milestones and future projections. The company successfully completed the factory acceptance test of its initial CapFormer System, achieving over 98% efficiency and producing several million PET caps. Looking ahead, Origin anticipates being EBITDA positive on a run rate basis in the first half of 2026. By the end of 2025, they plan to have eight or more CapFormer Systems operational, potentially producing between 8 billion and 12 billion caps annually. This production capacity is expected to support their announced $100 million MOU for PET caps. With commercialization on track, initial revenue from caps and closures is projected in the first quarter of 2025, and significant gross profit generation is anticipated to begin in 2025, setting the stage for a healthy growth trajectory.

Successful Factory Acceptance Test

Origin's CapFormer System achieved over 98% efficiency, producing several million fully functional PET caps, marking a milestone in their journey to profitability.

Strong Customer Demand and MOU

Customer momentum remains strong with a $100 million Memorandum of Understanding for PET caps and multiple potential customers engaged in testing and qualification.

Positive EBITDA Projection

Origin expects to be EBITDA positive on a run rate basis in the first half of 2026, with initial caps and closures revenue generation starting in Q1 2025.

Expansion Plan

The company plans to bring 8 or more CapFormer System into production by the end of 2025, potentially producing between 8 billion and 12 billion caps per year.

Financial Stability

Origin ended the quarter with $113 million in cash, cash equivalents, and marketable securities, aligning with cash burn guidance.

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Origin Materials (ORGN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ORGN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 12, 2021	2021 (Q2)	-0.04 / 0.63	0	―	―	―
Nov 11, 2021	2021 (Q3)	-0.06 / 0.20	-0.05	500.00% (+0.25)	―	―
Feb 24, 2022	2021 (Q4)	-0.07 / -0.04	-0.376	89.36% (+0.34)	―	―
May 09, 2022	2022 (Q1)	-0.06 / -0.04	-0.855	95.44% (+0.82)	―	―
Aug 03, 2022	2022 (Q2)	-0.07 / -0.05	0.63	-107.30% (-0.68)	―	―
Nov 03, 2022	2022 (Q3)	-0.08 / -0.04	0.2	-122.00% (-0.24)
Feb 23, 2023	2022 (Q4)	-0.09 / -0.07	-0.04	-82.50% (-0.03)
May 10, 2023	2023 (Q1)	-0.10 / -0.07	-0.039	-87.18% (-0.03)
Aug 09, 2023	2023 (Q2)	-0.12 / -0.09	-0.046	-89.13% (-0.04)
Nov 09, 2023	2023 (Q3)	-0.12 / -0.07	-0.044	-63.64% (-0.03)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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ORGN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 14, 2024	$1.25	$1.09	-12.80%
Aug 14, 2024	$0.90	$1.10	+22.22%
May 14, 2024	$1.06	$0.92	-13.21%
Feb 29, 2024	$0.59	$0.54	-8.47%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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