Origin Materials Maintains 2024 Guidance For Revenue Of $25M - $35M, Est $31.98M
Portfolio Pulse from Benzinga Newsdesk
Origin Materials has maintained its 2024 revenue guidance of $25M - $35M, with an estimated $31.98M. The company also reaffirmed its net cash burn guidance for 2024 between $55M and $65M and stated that it does not require additional equity capital to achieve profitability.
August 14, 2024 | 8:09 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Origin Materials has maintained its 2024 revenue guidance of $25M - $35M and reaffirmed its net cash burn guidance for 2024 between $55M and $65M. The company also stated that it does not require additional equity capital to achieve profitability.
Maintaining revenue guidance and reaffirming net cash burn without needing additional equity capital are positive signals for investors, indicating financial stability and a clear path to profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100