share_log

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公佈2024年第三季度業績
美股SEC公告 ·  2024/11/08 11:35

Moomoo AI 已提取核心訊息

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報告2024年第三季度營業收入爲6290萬美元,同比增長20%,這得益於初步的NdPr氧化物銷售和更高的生產量。該公司實現了13,742公噸的創紀錄REO產量(同比增長28%)和478公噸的NdPr產量。NdPr銷量環比幾乎增長至404公噸。公司淨虧損爲2550萬美元,而2023年第三季度的虧損爲430萬美元,主要因初步分離產品製造導致的更高生產成本和增加的營業費用。調整後的EBITDA從去年的1560萬美元下降至-1120萬美元,受到早期生產 ramp-up期間單位成本上升的影響。儘管稀土產品的市場價格持續疲軟,公司在擴大中游生產和降低成本方面取得了進展。管理層預計到2025年初將實現正的冶煉毛利率,沃斯堡的金屬生產正在調試中,年末的交付也在按計劃進行。
MP Materials報告2024年第三季度營業收入爲6290萬美元,同比增長20%,這得益於初步的NdPr氧化物銷售和更高的生產量。該公司實現了13,742公噸的創紀錄REO產量(同比增長28%)和478公噸的NdPr產量。NdPr銷量環比幾乎增長至404公噸。公司淨虧損爲2550萬美元,而2023年第三季度的虧損爲430萬美元,主要因初步分離產品製造導致的更高生產成本和增加的營業費用。調整後的EBITDA從去年的1560萬美元下降至-1120萬美元,受到早期生產 ramp-up期間單位成本上升的影響。儘管稀土產品的市場價格持續疲軟,公司在擴大中游生產和降低成本方面取得了進展。管理層預計到2025年初將實現正的冶煉毛利率,沃斯堡的金屬生產正在調試中,年末的交付也在按計劃進行。
声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息