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MP Materials | 8-K: MP Materials Reports Third Quarter 2024 Results

MP Materials | 8-K: MP Materials Reports Third Quarter 2024 Results

MP Materials | 8-K:MP Materials公布2024年第三季度业绩
美股SEC公告 ·  2024/11/08 11:35

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MP Materials reported Q3 2024 revenue of $62.9M, up 20% YoY, driven by initial NdPr oxide sales and higher production volumes. The company achieved record REO production of 13,742 metric tons (+28% YoY) and NdPr production of 478 metric tons. NdPr sales volumes nearly tripled sequentially to 404 metric tons.The company posted a net loss of $25.5M compared to a $4.3M loss in Q3 2023, primarily due to higher production costs from initial separated product manufacturing and increased operating expenses. Adjusted EBITDA declined to -$11.2M from $15.6M last year, impacted by elevated per-unit costs during early-stage production ramp-up.Despite continued weak market pricing for rare earth products, the company made progress on scaling midstream production and reducing costs. Management expects positive refining gross margins by early 2025, with Fort Worth metal production in commissioning and deliveries on track for year-end.
MP Materials reported Q3 2024 revenue of $62.9M, up 20% YoY, driven by initial NdPr oxide sales and higher production volumes. The company achieved record REO production of 13,742 metric tons (+28% YoY) and NdPr production of 478 metric tons. NdPr sales volumes nearly tripled sequentially to 404 metric tons.The company posted a net loss of $25.5M compared to a $4.3M loss in Q3 2023, primarily due to higher production costs from initial separated product manufacturing and increased operating expenses. Adjusted EBITDA declined to -$11.2M from $15.6M last year, impacted by elevated per-unit costs during early-stage production ramp-up.Despite continued weak market pricing for rare earth products, the company made progress on scaling midstream production and reducing costs. Management expects positive refining gross margins by early 2025, with Fort Worth metal production in commissioning and deliveries on track for year-end.
MP Materials报告2024年第三季度营业收入为6290万美元,同比增长20%,这得益于初步的NdPr氧化物销售和更高的生产量。该公司实现了13,742公吨的创纪录REO产量(同比增长28%)和478公吨的NdPr产量。NdPr销量环比几乎增长至404公吨。公司净亏损为2550万美元,而2023年第三季度的亏损为430万美元,主要因初步分离产品制造导致的更高生产成本和增加的营业费用。调整后的EBITDA从去年的1560万美元下降至-1120万美元,受到早期生产 ramp-up期间单位成本上升的影响。尽管稀土产品的市场价格持续疲软,公司在扩大中游生产和降低成本方面取得了进展。管理层预计到2025年初将实现正的冶炼毛利率,沃斯堡的金属生产正在调试中,年末的交付也在按计划进行。
MP Materials报告2024年第三季度营业收入为6290万美元,同比增长20%,这得益于初步的NdPr氧化物销售和更高的生产量。该公司实现了13,742公吨的创纪录REO产量(同比增长28%)和478公吨的NdPr产量。NdPr销量环比几乎增长至404公吨。公司净亏损为2550万美元,而2023年第三季度的亏损为430万美元,主要因初步分离产品制造导致的更高生产成本和增加的营业费用。调整后的EBITDA从去年的1560万美元下降至-1120万美元,受到早期生产 ramp-up期间单位成本上升的影响。尽管稀土产品的市场价格持续疲软,公司在扩大中游生产和降低成本方面取得了进展。管理层预计到2025年初将实现正的冶炼毛利率,沃斯堡的金属生产正在调试中,年末的交付也在按计划进行。
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