Financial Data and Key Metrics Changes - The company ended Q3 2024 with $113 million in cash, cash equivalents, and marketable securities, a decrease of $45 million from December 31, 2023, which is within the cash burn guidance range of $55 million to $65 million [31] - Q3 2024 revenue was $8.2 million, up from $7.1 million in the prior year quarter, aligning with the annual revenue guidance of $25 million to $35 million [32] Business Line Data and Key Metrics Changes - The caps and closures business is expected to generate initial revenue in Q1 2025, with significant gross profit generation projected to begin in 2025 [12][33] - The company plans to bring eight or more CapFormer Systems into production by the end of 2025, which could enable positive EBITDA [17][18] Market Data and Key Metrics Changes - The caps and closures market is valued at $65 billion, with the company positioned to address the need for fully circular, mono-material packaging solutions [28] - Customer demand remains strong, with multiple prospective customers representing consumption of over 100 billion caps per year [11][22] Company Strategy and Development Direction - The company is focused on scaling production capabilities for its caps and closures business, with plans to add more CapFormer Systems to meet market demand [24] - The commercialization plan for caps and closures is on track, with commercial production expected to begin in Q4 2024 [12][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving positive EBITDA on a run rate basis in the first half of 2026, driven by the caps and closures business [8][33] - The company is reallocating resources towards the caps opportunity, which reflects a strategic shift in focus [47] Other Important Information - The company is progressing multiple patents to protect its proprietary processes and products [27] - R&D efforts are underway to enhance the throughput of CapFormer Systems and develop new formats and features [25] Q&A Session Summary Question: Details on the $100 million customer MOU and revenue ramp - The $100 million MOU covers an initial two-year term, with expectations for a significant ramp in year two, though precise figures were not provided [36] Question: Discussions on Origin 2 and potential Asian facility - The company is considering an Asian brownfield facility for Origin 2 but has not provided specific details on discussions or timelines [39] Question: Interest in licensing technology to prospective customers - There has been interest in licensing the technology, and the company is open to exploring various options while focusing on its production capabilities [45] Question: Operating rate of the Sarnia plant and market interest - The operating rate at the Sarnia plant has been lower recently due to resource reallocation towards caps, but interest in CMF and HTC remains consistent [47] Question: Future plans for the furanics platform and OM1 - The company remains excited about the furanics technology and plans to leverage learnings from OM1 once the caps business is established [56] Question: Upcoming developments before the next earnings call - The company anticipates shipping equipment to Reed City and starting cap production, along with potential announcements of new customers [60]

Third Quarter 2024 Earnings Call Enabling the world's transition to sustainable materials. November 14, 2024 Forward looking statements and disclaimers 2 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 u ...

Financial Performance - Total revenues for Q3 2024 were $8,202,000, an increase of 15% compared to $7,140,000 in Q3 2023[7] - Product revenues for the nine months ended September 30, 2024, reached $22,057,000, up from $14,229,000 in the same period last year, representing a 55% increase[7] - The company reported a net loss of $36,763,000 for Q3 2024, compared to a net income of $30,931,000 in Q3 2023[7] - Operating expenses for Q3 2024 totaled $32,466,000, significantly higher than $12,946,000 in Q3 2023, reflecting a 150% increase[7] - For the nine months ended September 30, 2024, the net loss was $70,175, a significant decrease from a net income of $34,236 for the same period in 2023[10] - The company reported a net income of $30,931 for the quarter ending June 30, 2023, compared to a net loss of $6,464 for the previous quarter[8] - The net loss for Q3 2024 was $36,763,000, compared to a net income of $30,931,000 in Q3 2023[7] - The net loss for the nine months ended September 30, 2024, was $70.175 million, compared to a net income of $34.236 million for the same period in 2023[10] Cash and Assets - Cash and cash equivalents decreased to $56,396,000 as of September 30, 2024, down from $75,502,000 at the end of 2023[6] - Total assets decreased to $399,555,000 as of September 30, 2024, compared to $461,834,000 at the end of 2023[6] - The company’s accumulated deficit increased to $(24,605,000) as of September 30, 2024, from $45,570,000 at the end of 2023[6] - The total stockholders' equity decreased to $358,856,000 as of September 30, 2024, down from $422,507,000 at the end of 2023[6] - The company reported cash and cash equivalents of $56.4 million as of September 30, 2024, down from $75.5 million as of December 31, 2023[18] - As of September 30, 2024, accounts receivable totaled $18.649 million, with a provision for credit losses of $730,000, resulting in net accounts receivable of $17.919 million[25] - The total fair value of financial assets was $97.09 million, with cash equivalents at $40.08 million and marketable securities at $56.99 million[55] Expenses and Impairments - Research and development expenses for the nine months ended September 30, 2024, were $15,338,000, slightly down from $15,398,000 in the same period last year[7] - The company reported an impairment of assets amounting to $15,170,000 in Q3 2024[7] - The company recorded an impairment loss of $12.3 million related to capitalized costs for the Origin 2 project, which were deemed not recoverable as of September 30, 2024[33] - Depreciation and amortization expense for the nine months ended September 30, 2024, totaled $7.9 million, compared to $1.0 million for the same period in 2023[65] Stock and Equity - The weighted-average common shares outstanding for Q3 2024 were 143,387,618, compared to 139,806,045 in Q3 2023[7] - The Company has a total of 24,149,960 Public Warrants and 11,326,667 Private Placement Warrants outstanding as of September 30, 2024, with an exercise price of $11.50 per share[34] - The Company has not declared common stock dividends and does not anticipate declaring any in the foreseeable future[43] - The Company has potential dilutive securities totaling 25 million earnout shares that were excluded from the diluted net loss per share calculation due to performance conditions not being met[95] - The Company recorded a total workforce reduction charge of $0.6 million in September 2024, which included $0.5 million in cash expenditures for employee separation costs[86] Business Operations and Developments - Origin Materials achieved mechanical completion of its first furanics manufacturing plant in Ontario, Canada, which is currently operating on demand with reduced staffing[11] - The company announced its PET caps and closures business in August 2023, with mass production partnerships established in Europe and North America[11] - The first PET closure manufacturing system successfully completed its Factory Acceptance Test in September 2024[11] - The company is exploring various plant designs and potential sites for scaling up biomass conversion technology, with timelines depending on partner agreements[11] - The company maintains an allowance for credit losses based on historical loss patterns and evaluates potential risks associated with accounts receivable[17] Legal and Regulatory Matters - The Company is facing legal proceedings related to a securities class action complaint filed by shareholders, alleging violations of federal securities laws[92] Tax and Accounting - The Company recorded an income tax provision of $0.2 million and $0.4 million during the three and nine months ended September 30, 2024, respectively[87] - The Company has a full valuation allowance on its net deferred tax assets in the U.S. due to operating losses since inception[87] - The Company does not expect the adoption of new accounting guidance to have a material impact on its consolidated financial statements, aside from additional disclosures[52]

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) ______________________ ...

Financial Performance - Origin Materials reported revenue of $13.1 million for Q4 2023 and $28.8 million for the full year, compared to zero in the prior-year periods, primarily driven by supply chain revenue[10]. - The net loss for Q4 2023 was $10.4 million, compared to a net income of $16.0 million in the prior-year period, while the full year net income was $23.8 million compared to $78.6 million in the prior year[13]. - Total revenues for the year ended December 31, 2023, were $28,805,000, compared to $0 in 2022, indicating a significant growth in revenue generation[30]. - The company reported a net loss of $10,438,000 for the three months ended December 31, 2023, compared to a net income of $15,993,000 in the same period of 2022[30]. - Net income for Q4 2023 was a loss of $10,438,000 compared to a profit of $15,993,000 in Q4 2022, representing a significant decline[34]. - Adjusted EBITDA for Q4 2023 was $(10,988,000), worsening from $(9,234,000) in Q4 2022[34]. Operating Expenses - Operating expenses for Q4 2023 were $19.8 million, an increase of $6.8 million from the prior-year period, driven by higher manufacturing and R&D costs[11]. - Full year 2023 operating expenses totaled $60.1 million, up from $38.9 million in the prior year, reflecting increased costs across various categories[12]. - The company incurred total operating expenses of $60,096,000 for the year ended December 31, 2023, compared to $38,947,000 in 2022, reflecting a 54% increase[30]. - Research and development expenses increased to $21,351,000 for the year ended December 31, 2023, up from $14,141,000 in 2022, reflecting a 51% increase[30]. - Total stock-based compensation for the year 2023 was $9,400,000, up from $7,235,000 in 2022[34]. - Depreciation and amortization expenses increased to $3,363,000 in 2023 from $711,000 in 2022[34]. Cash Flow and Assets - The company expects a cash burn of between $55 million and $65 million for 2024, with significant gross profit generation anticipated to begin in 2025[6][15]. - Cash and cash equivalents decreased to $75,502,000 as of December 31, 2023, down from $107,858,000 in 2022, representing a decline of approximately 30%[29]. - The total assets of the company decreased to $461,834,000 as of December 31, 2023, from $493,700,000 in 2022, a reduction of about 6.5%[29]. - The company reported a cash flow used in operating activities of $60,355,000 for the year ended December 31, 2023, compared to $26,092,000 in 2022, indicating increased cash outflow[32]. Liabilities and Equity - The company’s total liabilities significantly decreased to $39,327,000 in 2023, down from $116,795,000 in 2022, marking a reduction of approximately 66%[29]. - The weighted-average common shares outstanding for the year ended December 31, 2023, were 139,718,385, compared to 137,563,877 in 2022, indicating an increase in shares[30]. Strategic Initiatives - The company has a pathway to profitability without requiring additional equity capital, focusing on revenue-generating projects[6][2]. - The company is pursuing an asset-light strategy for its second manufacturing plant, Origin 2, to optimize costs and reduce project execution risks[9][2]. - Total offtake agreements and capacity reservations exceed $10 billion, indicating strong customer demand despite macroeconomic challenges[9]. - The company successfully completed its third manufacturing development run, producing thousands of caps per hour, with initial products passing third-party performance tests[7]. - The company anticipates continued interest and engagement from partners regarding its projects, particularly Origin 1, which is expected to drive future revenue growth[26]. Other Financial Metrics - Interest income decreased to $(6,303,000) in 2023 from $(8,825,000) in 2022, indicating a decline of approximately 29%[34]. - The company reported a gain in fair value of common stock warrants liability of $(29,531,000) for the year 2023, compared to $(21,988,000) in 2022[34]. - The total workforce reduction charge was $200,000, primarily consisting of severance and benefits costs[34]. - Cash severance costs recorded were $484,000, with no prior year comparison provided[34]. - Income tax benefits for the year 2023 amounted to $(1,087,000), with no prior year comparison provided[34]. - The company experienced a loss in fair value of earnout liability of $(40,983,000) in 2023, compared to $(85,437,000) in 2022, indicating an improvement[34].