Overview

* Origin Materials ( ORGN ) Q3 revenue fell to $4.7 mln, down from $8.2 mln last year

* Company secures convertible debt financing up to $90 mln to fund growth

* Origin announces $20 mln equipment financing, increasing CapFormer capacity

Outlook

* Origin Materials ( ORGN ) maintains 2026 revenue guidance of $20 mln to $30 mln

* Company expects 2027 revenue of $100 mln to $200 mln

* Origin anticipates Adjusted EBITDA run-rate breakeven by 2027

Result Drivers

* FINANCING - Origin secures convertible debt financing up to $90 mln to maintain cash floor and fund growth

* CUSTOMER DEMAND - Strong demand for PET caps, particularly in water segment, supports commercialization strategy

* CAPFORMER EXPANSION - CapFormer deployment schedule on track, supporting revenue growth strategy

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $4.66

Revenue mln

Q3 EPS -$0.11

Q3 Net -$16.38

Income mln

Q3 -$11.60

Adjusted mln

EBITDA

Q3 $17.09

Operatin mln

g

Expenses

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the commodity chemicals peer group is "buy"

* Wall Street's median 12-month price target for Origin Materials Inc ( ORGN ) is $2.00, about 74.6% above its November 12 closing price of $0.51

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)