Origin Materials (ORGN) Q1 2025 Earnings Call May 15, 2025 05:00 PM ET Company Participants Ryan Smith - Co-Founder & Chief Product OfficerJohn Bissell - Co-Founder & CEOMatt Plavan - CFO & COOAziza Gazieva - Vice President Conference Call Participants None - Analyst Operator Good day, and welcome to the Origin Materials First Quarter twenty twenty five Earnings Conference Call. All participants will be in a listen only mode. After today's presentation, there will be an opportunity to ask questions. Please ...

Origin Materials (ORGN) Q1 2025 Earnings Call May 15, 2025 05:00 PM ET Speaker0 Good day, and welcome to the Origin Materials First Quarter twenty twenty five Earnings Conference Call. All participants will be in a listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note that this event is being recorded. I would now like to turn the conference over to Ryan Smith, Co Founder and Chief Product Officer. Please go ahead. Speaker1 Thank you. Good afternoon and tha ...

First Quarter 2025 Earnings Call Enabling the world's transition to sustainable materials May 15, 2025 ( ) COMPANY OVERVIEW FORWARD LOOKING STATEMENTS AND DISCLAIMERS FORWARD-LOOKING STATEMENTS. This presentation and the accompanying oral presentation have been prepared by Origin Materials, Inc. ("Origin") for informational purposes only and not for any other purpose. Certain statements included in this presentation that are not historical facts are forward-looking statements for purposes of the safe harbor ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-39378 __________________________ ORIGIN MATERIALS, INC. (Exact name of registrant as specified in its charter) _________________ ...

Origin Materials, Inc. Reports Operating and Financial Results for First Quarter 2025 – Announces Signed Strategic Customer Agreement with Major Packaging Company for the Development of Large Format PET Closures for the Ready to Drink, Wine, and Spirits Market – – CapFormers Five Through Eight Now Estimated to Begin PET Cap Production in 1H 2026 – WEST SACRAMENTO, CA., May 15, 2025 – Origin Materials, Inc. ("Origin," "Origin Materials," or the "Company") (Nasdaq: ORGN, ORGNW), a technology company with a mi ...

SAN FRANCISCO, April 9, 2025 /PRNewswire/ -- Schubert Jonckheer & Kolbe LLP advises Origin Materials, Inc. investors that the firm is investigating potential legal claims relating to alleged false statements regarding an Origin manufacturing plant under development, originally scheduled for completion by mid-2025. Current shareholders are encouraged to contact the firm.On February 12, 2025, Judge William B. Shubb of the U.S. District Court for the Eastern District of California issued an order denying in pa ...

Origin Materials, Inc. (NASDAQ:ORGN) Q4 2024 Earnings Conference Call March 13, 2025 5:00 PM ET Company Participants Ryan Smith - Co-Founder & Chief Product Officer Rich Riley - Co-Chief Executive Officer John Bissell - Co-Founder & Co- Chief Executive Officer Matt Plavan - CFO & COO Conference Call Participants Frank Mitsch - Fermium Research Salvator Tiano - Bank of America Operator Thank you for standing by. This is the conference operator. Welcome to the Origin Materials Fourth Quarter and Full Year 202 ...

March 13, 2025 Forward looking statements and disclaimers FORWARD-LOOKING STATEMENTS. This presentation and the accompanying oral presentation have been prepared by Origin Materials, Inc. ("Origin") for informational purposes only and not for any other purpose. Certain statements included in this presentation that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking stateme ...

Origin Materials (ORGN) Q4 2024 Earnings Call March 13, 2025 05:00 PM ET Company Participants Ryan Smith - Co-Founder & Chief Product OfficerJohn Bissell - Co-Founder & CEOMatthew Plavan - CFO & COOFrank Mitsch - President Conference Call Participants Salvator Tiano - Equity Research Analyst Operator you for standing by. This is the conference operator. Welcome to the Origin Materials Fourth Quarter and Full Year twenty twenty four Earnings Call. As a reminder, all participants are in listen only mode and t ...

Financial Performance and Risks - The company has a history of net losses primarily due to research and development, plant construction, and early-stage commercial activities, with expectations of continued losses for the foreseeable future [63]. - The company anticipates significant future losses as it develops its PET closure business, increases spending on strategic partnerships, and expands production capabilities [65]. - The company is exposed to credit risk due to potential nonperformance by customers, which could adversely affect its financial condition [71]. - The company faces significant costs in developing products that may not achieve market success, which could adversely affect its financial condition and operational results [82]. - The anticipated costs of constructing new manufacturing facilities have exceeded initial estimates, leading to potential delays and increased financial strain [99]. - Unfavorable global economic conditions, including inflation and supply disruptions, could adversely affect business operations and financial performance [112]. - The company’s operating results may fluctuate significantly due to various external factors, making revenue forecasting challenging [113]. - Changes in tax laws and regulations could materially affect the company's financial position and results of operations [115]. - The company’s ability to utilize net operating loss carryforwards may be limited due to ownership changes, impacting future tax liabilities [122]. Customer Dependency and Market Risks - The top two customers accounted for approximately 96% and 77% of total revenues for the years ended December 31, 2024 and 2023, respectively, indicating a high dependency on a few customers [81]. - The market for the company's PET closures and decarbonized materials is still nascent, with significant risks and uncertainties regarding market acceptance [82]. - The commercial success of the company's products is influenced by the relative pricing of HDPE, polypropylene, and PET, which can affect customer purchasing decisions [86]. - Fluctuations in raw material costs, influenced by external factors such as geopolitical events and natural disasters, may adversely impact the company's cost structure and profitability [87]. - The company competes with established producers of fossil-based materials and must ensure its products offer comparable or superior functionality to maintain market share [83]. Operational and Production Challenges - The company relies on a limited number of manufacturing facilities to meet near-term customer demand, which poses risks if any facility experiences shutdowns or reduced production [78]. - The company has not yet produced its products in large commercial quantities, facing technological and logistical challenges in scaling production [75]. - The construction of manufacturing lines for PET closures may not be completed in a timely or cost-effective manner, impacting commercialization efforts [76]. - The company may face significant delays in procuring necessary capital equipment, which could adversely affect its ability to produce products [79]. - The company may face production delays and increased costs if it cannot secure sufficient raw materials or if suppliers do not accurately forecast demand [93]. Strategic Partnerships and Collaborations - The company seeks to establish strategic partnerships for the development of manufacturing facilities and feedstock supply, but may face challenges in securing these partnerships [101]. - The company may face challenges in establishing timely and satisfactory collaborations, which could adversely affect product development and commercialization efforts [102]. - Future collaborations may be terminated by strategic partners, potentially delaying product development and adversely affecting financial results [109]. - The company has entered into collaborations and licensing arrangements, which expose it to competitive risks and may not yield anticipated benefits [105]. Regulatory and Compliance Risks - The company is subject to extensive environmental, health, and safety laws, which may increase compliance costs and operational changes [124]. - Compliance with environmental regulations could lead to substantial costs, including fines and remediation expenses, impacting overall financial performance [125]. - The market for bioplastics is heavily influenced by government regulations, such as the EU's Single-Use Plastic Directive, which could affect product demand and investment in R&D [125]. - Climate change may disrupt operations and increase costs due to regulatory compliance, impacting financial results [111]. - The company faces risks from international trade disputes and potential tariffs, which could increase product costs and adversely impact gross margins [129]. - Proposed tariffs of 25% on imports from Canada and Mexico, and 60% on goods from China, could materially affect operating results if implemented [130]. Intellectual Property and Legal Risks - The company relies on proprietary information and intellectual property, and failure to protect these rights could harm competitive advantages and financial condition [136]. - The company may face costly patent infringement claims that could limit its ability to use key technologies and incur significant unexpected costs [143]. - Legal proceedings related to intellectual property rights could divert management's attention and lead to expensive litigation [145]. - The company relies on trade secrets for technology protection, and any compromise could reduce competitive advantages [147]. - Compliance with Canadian federal regulations on intellectual property could limit the company's ability to commercialize products outside Canada [142]. Management and Operational Structure - The management team has limited experience in operating a public company, which may increase operational costs [149]. - Retaining key personnel is crucial for success, as the loss of management could adversely affect business operations [150]. - A material weakness in internal control over financial reporting was identified and remediated, but future weaknesses may arise [154]. - The company implemented a workforce reduction in September 2024, which may not yield expected benefits and could disrupt operations [153]. Stock and Market Risks - The company has never declared or paid any cash dividends and does not intend to do so in the foreseeable future [181]. - The market price of the company's Common Stock has experienced significant volatility, including a decline in August 2023 [183]. - The company may face substantial costs and management distractions from potential securities class-action litigation following periods of market volatility [184]. - Future issuances of debt or equity securities may adversely affect the market price of the common stock and could be dilutive to existing stockholders [190]. - The company’s charter documents could prevent favorable takeovers and reduce the market price of its stock [178]. - A failure to meet Nasdaq's listing standards could result in decreased liquidity and increased volatility for the common stock, adversely impacting capital raising efforts [192]. - The company's common stock is currently listed on Nasdaq, but it faced a deficiency letter in January 2024 due to the closing bid price falling below the minimum $1.00 requirement for continued listing [191]. - In June 2024, the stock price resumed trading above $1.00 for at least ten days, regaining compliance with Nasdaq's minimum bid price requirement [191].