Origin Materials (NASDAQ:ORGN) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$7.03m (up 2.0% from 2Q 2023).

• Net loss: US$19.5m (loss widened by 202% from 2Q 2023).

• US$0.14 loss per share (further deteriorated from US$0.046 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Origin Materials Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 9.6%. Earnings per share (EPS) also missed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 74% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's shares are up 64% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Origin Materials you should be aware of, and 2 of them make us uncomfortable.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.