Financial Performance - Origin Materials reported quarterly revenue of $8.2 million for Q3 2024, an increase from $7.1 million in the prior-year period[4]. - The net loss for Q3 2024 was $36.8 million, compared to a net income of $30.9 million in the prior-year period, largely due to non-cash gains in the previous year[9]. - Adjusted EBITDA loss for Q3 2024 was $12.0 million, an increase from $9.5 million in the prior-year period, primarily due to higher general and administrative expenses[11]. - Total revenues for the three months ended September 30, 2024, were $8,202,000, an increase from $7,140,000 in the same period of 2023, representing a growth of approximately 14.9%[27]. - Product revenues increased to $8,202,000 for the three months ended September 30, 2024, compared to $6,358,000 in the prior year, reflecting a growth of about 29%[27]. - The company reported a net loss of $36,763,000 for the three months ended September 30, 2024, compared to a net income of $30,931,000 in the same period of 2023[27]. - Net loss for the nine months ended September 30, 2024, was $70,175 thousand, compared to a net income of $34,236 thousand for the same period in 2023[28]. - Adjusted EBITDA for the nine months ended September 30, 2024, was $(37,767) thousand, compared to $(30,870) thousand for the same period in 2023[29]. Cash and Assets - Cash, cash equivalents, and marketable securities totaled $113.4 million as of September 30, 2024[7]. - Total current assets decreased to $141,393,000 as of September 30, 2024, down from $187,112,000 at the end of 2023, a decline of approximately 24.4%[26]. - The company’s cash and cash equivalents decreased to $56,396,000 as of September 30, 2024, down from $75,502,000 at the end of 2023, a reduction of approximately 25.3%[26]. - Cash and cash equivalents at the end of the period were $56,396 thousand, down from $66,106 thousand at the end of September 30, 2023[28]. Operating Expenses - Operating expenses surged to $32,466,000 for the three months ended September 30, 2024, compared to $12,946,000 in the prior year, marking an increase of approximately 150%[27]. - Research and development expenses were $5,127,000 for the three months ended September 30, 2024, compared to $4,927,000 in the same period of 2023, indicating a rise of about 4%[27]. - The company reported an impairment of assets amounting to $15,170,000 for the three months ended September 30, 2024[27]. - Impairment of assets recorded for the nine months ended September 30, 2024, amounted to $15,170 thousand, with no impairment reported in the prior year[29]. Future Outlook - The company maintains its 2024 revenue guidance of $25 million to $35 million and net cash burn guidance of $55 million to $65 million[13]. - Origin plans to have eight or more CapFormer Systems operational by the end of 2025, which is anticipated to meet the strong market demand for PET caps[3]. - The company is focusing on its caps and closures business to achieve profitability while operating its biomass conversion plant on a reduced scale to manage cash burn[6]. Product Development - The company achieved over 98% manufacturing efficiency during the Factory Acceptance Test of its first CapFormer System, which is expected to enable positive EBITDA by the first half of 2026[2][3]. - Origin's PET caps are currently being tested by multiple prospective customers with a total cap consumption exceeding 100 billion caps per year[2]. - Origin's CapFormer System represents a breakthrough in recycling circularity and packaging performance within a ~$65 billion market[16]. Market Activity - Net cash used in operating activities for the nine months ended September 30, 2024, was $45,123 thousand, slightly improved from $46,447 thousand in the prior year[28]. - Net cash provided by investing activities for the nine months ended September 30, 2024, was $19,458 thousand, compared to $4,450 thousand in the same period of 2023[28]. - The company reported a realized loss on marketable securities of $359 thousand for the nine months ended September 30, 2024, compared to a gain of $(1,706) thousand in the prior year[28]. - The company recorded a change in fair value of common stock warrants liability of $2,913 thousand for the nine months ended September 30, 2024, compared to a loss of $(27,438) thousand in the same period of 2023[28].

Group 1 - Origen Resources Inc. has signed a letter agreement with Equity Metals Corporation to earn a 100% interest in the Arlington Property located in British Columbia [1] - The Arlington Agreement requires Equity to make cash payments totaling $130,000, incur exploration expenditures of $250,000, and issue shares valued at $200,000 within specified timeframes [2] - Origen will retain a 2% net smelter royalty, with Equity having the option to purchase 1% of this royalty for $1,000,000 [3] Group 2 - The option agreement with Nickelex Resource Corporation for the Arlington Property has been mutually terminated [4]

Group 1: Financial Performance - Origin Materials reported a second-quarter loss per share of $0.14, missing the consensus loss estimate of $0.12, with sales of $7.03 million falling short of the expected $7.78 million [1] - The company's shares surged by 26.4%, reaching $1.39 [4] Group 2: Strategic Developments - Origin Materials secured a 2-year MOU for PET closure production, projected to generate over $100 million in revenue starting in early 2025, with significant increases anticipated in 2026 [1] - Analyst Steve Byrne upgraded the company to a Buy rating and raised the price target to $3.00 from $1.35, citing a positive outlook on the company's biomass conversion technology [2] Group 3: Future Profitability and Technology Potential - The ramp-up in PET closures has advanced the EBITDA breakeven estimate to 2027 from 2029, with potential for profitability as early as 2026 due to ongoing discussions for further contracts and licenses [2] - Significant long-term potential exists in the technology to convert cellulosic materials into Chloromethyl furfural (CMF) and Hydrothermal carbon (HTC), with CMF capable of producing functionally superior products like polyethylene furanoate (PEF) [3] - Projected licensing income is estimated at $10 million in 2027, increasing to $20 million in 2028 [4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-39378 __________________________ ORIGIN MATERIALS, INC. (Exact name of registrant as specified in its charter) _________________ ...

Origin Materials, Inc. Reports Operating and Financial Results for First Quarter 2024 – Reaffirms Pathway to Profitability Led by Caps & Closures, No Additional Equity Capital Required – – Accelerates the Procurement of Multiple Additional High-Throughput Caps and Closures Production Lines – – Completes Successful Capping Trial on Commercial Bottle Line Applying Origin Recycled PET Caps to Thousands of Filled Containers – – Maintains 2024 Revenue and Net Cash Burn Guidance – WEST SACRAMENTO, CA., May 14, 20 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-39378 __________________________ ORIGIN MATERIALS, INC. (Exact name of registrant as specified in its charter) ______________________ ...

Origin Materials, Inc. Reports Operating and Financial Results for Fourth Quarter and Full Year 2023 – Announces Pathway to Profitability Led by Caps & Closures, No Additional Equity Capital Required – "For Origin, 2023 was a watershed year, which included the commencement of production at Origin 1, a key milestone in proving the scalability of our biomass conversion technology," said Rich Riley, Co- Chief Executive Officer of Origin. "Furthermore, we made great progress on initiatives that significantly de ...

Third Quarter 2023 Earnings Call The world’s leading carbon negative materials company November 9, 2023 Forward looking statements and disclaimers FORWARD-LOOKING STATEMENTS This presentation and the accompanying oral presentation have been prepared by Origin Materials, Inc. (“Origin”) for informational purposes only and not for any other purpose. Certain statements included in this presentation that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the ...

Financial Data and Key Metrics Changes - The company reported its highest quarterly revenue to date of $7.1 million, compared to no revenue in the prior year period [30] - Operating expenses for the third quarter were $12.9 million, up from $9.7 million during the same period last year, primarily due to increases in general and administrative expenses [31] - The net income for the third quarter was $30.9 million, compared to $8.3 million in the same period last year, with approximately $28 million of this increase attributed to gains from fair value adjustments [58] Business Line Data and Key Metrics Changes - The company has commenced commercial scale production at Origin 1, producing CMF and HTC, and is in the process of sending materials to customers and strategic partners [2][10] - The operational performance of Origin 1 has been described as close to flawless, with expectations to ramp up production and vary feedstocks in the coming months [11][22] Market Data and Key Metrics Changes - Major tire companies, rubber companies, and specialty carbon users have expressed interest in the HTC produced at Origin 1, indicating a broad market demand for the products [3] - The company has over $10 billion in signed offtake agreements and capacity reservations, reflecting strong alignment and incentive for bringing its technology to market [45] Company Strategy and Development Direction - The company aims to maximize shareholder value while bringing sustainable products to market, with a focus on cash generation and managing expenses [28][49] - The strategic partnerships are increasingly focused on how to bring world-scale plants online as quickly as possible, with interest from partners growing since the commencement of operations at Origin 1 [26][43] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's technology and its role in the transition to decarbonized materials manufacturing, highlighting the importance of their biomass conversion technology [29] - The company is prioritizing near-term cash generation and has adjusted its guidance for EBITDA loss to a range of $45 million to $50 million, improved from a previous range of $50 million to $60 million [34] Other Important Information - The company has received a funding award from BioMADE to advance U.S. Department of Defense sustainability goals, which is seen as a positive validation of its attractiveness as a funding target [27] - The company is engaged with many of the world's largest consumers and producers of caps enclosures, indicating strong market interest in its technology [50] Q&A Session Summary Question: Can you speak to the diversity of feedstocks that you've been able to run at Origin 1? - The company has primarily been running on starch and has seen excellent yield performance, but has not yet transitioned to biomass [65][66] Question: What are customers saying about the product quality? - The materials produced have met customer expectations, and the company is already sending materials to customers, which will drive revenue in the short to medium term [67][91] Question: What is the status of financing for Origin 2? - The company is focused on optimal funding strategies for Origin 2 and has seen increased interest from strategic partners [80][81] Question: How is the company managing cash flow and production? - The company is prioritizing revenue-generating projects and is implementing a cash conservation program to balance the need for EBITDA positivity with maintaining forward momentum [49][48] Question: Are you receiving any RINs or other credits from sales in Origin 1? - The company does not anticipate receiving RINs, as the majority of products from Origin 1 are directed towards chemicals and materials applications rather than fuel applications [132]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-39378 __________________________ ORIGIN MATERIALS, INC. (Exact name of registrant as specified in its charter) _____________ ...