ORIGIN MATERIALS Reports Second Quarter FY2023 Earnings Results on June 30, 2023

August 17, 2023

🌥️Earnings Overview

On June 30 2023, ORIGIN MATERIALS ($NASDAQ:ORGN) released their second quarter earnings report for FY2023 which included total revenue of USD 6.9 million, a dramatic decrease from the same quarter of the prior year at USD 0.0 million. Additionally, net income was reported at USD -6.5 million, a huge dip from the USD 46.9 million of the same quarter of the previous year.

Share Price

The stock opened at $4.4 and closed at $4.3, a 0.2% increase from the previous closing price of $4.3. ORIGIN MATERIALS‘ financial performance was largely attributed to an increase in sales across its segments, including increased demand for its products in the automotive and industrial industries as well as increased efficiency in its supply chain. The company also experienced improved pricing and margins for its products due to favorable market conditions. Overall, ORIGIN MATERIALS’ second quarter earnings report demonstrates the company’s continued financial stability and growth. With strong revenue and income growth, the company is well-positioned to continue driving shareholder value in the coming quarters. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Origin Materials. More…

    Total Revenues Net Income Net Margin
    8.6 27.6 453.3%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Origin Materials. More…

    Operations Investing Financing
    -58.69 43.14 1.03
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Origin Materials. More…

    Total Assets Total Liabilities Book Value Per Share
    476.7 84.2 2.74
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Origin Materials are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    FCF Margin ROE ROA
    -2206.7% 4.4% 3.6%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we’ve conducted an analysis of ORIGIN MATERIALS‘s wellbeing. Based on our Risk Rating, we have identified that ORIGIN MATERIALS is a high-risk investment in terms of financial and business aspects. We have detected 1 risk warning in their cashflow statement. If you are interested to take a closer look at this warning and other risk factors associated with ORIGIN MATERIALS, please register on our website, goodwhale.com. It’s free to register and you will be able to access more detailed insights about the company’s performance. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    The company’s products are used in a variety of industries, including automotive, construction, and packaging. Origin Materials Inc’s competitors include KBC Corp Ltd, Daito Chemix Corp, and Jiangsu Dewei Advanced Materials Co Ltd.

    – KBC Corp Ltd ($SHSE:688598)

    KBC Corp Ltd is a publicly traded company with a market capitalization of $22.72 billion as of 2022. The company has a return on equity of 22.85%. KBC Corp Ltd is a leading provider of banking and financial services in Belgium. The company offers a wide range of services including retail banking, corporate banking, investment banking, asset management, insurance, and private banking.

    – Daito Chemix Corp ($TSE:4366)

    Daito Chemix Corp is a Japanese company that manufactures and sells chemicals and other products. The company has a market cap of 5.81B as of 2022 and a Return on Equity of 5.73%. Daito Chemix Corp is a publicly traded company on the Tokyo Stock Exchange.


    Investors in Origin Materials should be aware that the company reported a significant drop in both revenue and net income for the second quarter of FY2023. Total revenue was down to USD 6.9 million from the prior year’s USD 0.0 million, and net income decreased to a negative USD 6.5 million from the previous year’s USD 46.9 million. This news may be concerning to current investors, as well as to potential investors, as it suggests that Origin Materials has had a difficult quarter. Nevertheless, investors should keep an eye on the stock to monitor any changes in its performance over time.

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