Origin MaterialsNASDAQ: ORGN

Origin Materials, Inc. (NASDAQ: ORGN) held its Q1 2024 Earnings Conference Call on May 14, 2024 at 5:00 PM ET. Participants included Ryan Smith, Rich Riley, John Bissell, and Matt Plavan. Conference Call Participants included Frank Mitsch and Steve Byrne. The conference operator thanked everyone for standing by.

Origin Materials (NASDAQ: ORGN ) layoffs are happening for many of the carbon-negative materials company's employees as it takes on a massive number of job cuts. A press release from Origin Materials reveals that layoffs are coming for 30% of the company's workforce.

Origin Materials aims to produce carbon-negative materials using renewable and organic materials, potentially reducing carbon footprint and greenhouse gas emissions. The company has secured partnerships with major companies like Ford, PepsiCo, and Nestle, indicating interest in its platform. It has a lot of demand for its products. However, Origin Materials is burning cash at a dangerous rate and will require additional funding to support its growth and production infrastructure.

Origin Materials, Inc. (NASDAQ:ORGN ) Q3 2023 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants Ashish Gupta - IR Rich Riley - Co-CEO John Bissell - Co-CEO Matt Plavan - CFO Conference Call Participants Frank Mitsch - Fermium Research Steve Byrne - Bank of America John Roberts - Mizuho Bassel Fouad - Craig-Hallum Pavel Molchanov - Raymond James Financial Operator Thank you for standing by. This is the conference operator.

Origin Materials, Inc. (ORGN) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Origin Materials aims to replace fossil feedstock materials like plastic with sustainable ones. The company expects to generate millions of dollars in revenue this year.

Origin Materials, Inc. (ORGN) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.05 per share a year ago.

Origin Materials, Inc. has started commercial operations at its chloromethyl furfural plant, the first in the world to develop the chemical building block at a commercial scale. The firm expects to generate significant revenue soon, with its Origin 1 plant and substantial revenue and earnings from its Origin 2+ plants in later years. Despite a bearish technical outlook, the growth potential for Origin Materials remains compelling, with strategic partnerships, offtake agreements, and licensing revenue expected to generate better cash flow in the future.

Origin Materials, Inc. (NASDAQ:ORGN ) Q1 2023 Results Conference Call May 10, 2023 5:00 PM ET Company Participants Ashish Gupta - Investor Relations Rich Riley - Co-CEO & Director John Bissell - Co-Founder, Co-CEO & Director Nate Whaley - CFO Conference Call Participants Frank Mitsch - Fermium Research Steve Byrne - Bank of America Eric Stine - Craig-Hallum John Roberts - Credit Suisse Pavel Molchanov - Raymond James Operator Thank you for standing by. This is the conference operator.