Origin Materials Inc (NAS:ORGN)
$ 1.15 -0.02 (-1.71%) Market Cap: 168.19 Mil Enterprise Value: 64.55 Mil PE Ratio: 0 PB Ratio: 0.47 GF Score: 38/100
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Q3 2024 Origin Materials Inc Earnings Call Transcript

Nov 14, 2024 / 10:00 PM GMT
Release Date Price: $1.25 (+1.63%)

Key Points

Positve
  • Origin Materials Inc (ORGN) achieved product market fit with their caps and closures business, indicating strong customer demand.
  • The successful factory acceptance test of their initial CMER system produced several million fully functional PET caps with over 98% efficiency.
  • Origin Materials Inc (ORGN) plans to bring eight or more cap former systems into production by the end of 2025, which could enable them to achieve positive EBITDA.
  • The company expects significant revenue generation from their caps and closures business starting in Q1 2025, with a healthy growth trajectory.
  • Origin Materials Inc (ORGN) has a strong pipeline of potential buyers for their caps, with multiple prospective customers engaged in testing and qualification.
Negative
  • Origin Materials Inc (ORGN) is not yet providing specific guidance on the ramp-up of their $100 million MOU, leading to uncertainty about revenue distribution.
  • The company has not disclosed the operating rate of their Sarnia plant, which has been lower in recent months, reflecting a reallocation of resources.
  • There is still uncertainty regarding the timeline and location for Origin 2, with discussions about potential Asian brownfield facilities but no definitive plans.
  • Origin Materials Inc (ORGN) is currently focusing resources on the caps and closures business, potentially delaying progress on their biomass conversion technology.
  • The company is not yet ready to provide specific guidance on gross margins for their caps, which could affect investor confidence in profitability projections.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ORGN.OQ - Origin Materials Inc
Q3 2024 Origin Materials Inc Earnings Call
Nov 14, 2024 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, everyone. Thank you for standing by. This is the conference operator.

Welcome to the Origin Materials third quarter, 2024 Ernie call.

As a reminder, all participants are in a listen-only mode. The conference is being recorded after the presentation, there will be an opportunity to ask questions to join the question to you may press star and then one on your telephone keypad.

If you need assistance during the conference call, you may know an operator by pressing star and zero at this time for opening remarks and introductions. I would like to turn the call over to Ryan Smith, co founder and Chief Product Officer. Please go ahead.

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