MP Materials Corp. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 0.876 million compared to USD 1.15 million a year ago. Revenue was USD 41.21 million compared to USD 93.25 million a year ago. Net loss was USD 16.26 million compared to net income of USD 67.01 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to basic earnings per share from continuing operations of USD 0.38 a year ago. Diluted loss per share from continuing operations was USD 0.09 compared to diluted earnings per share from continuing operations of USD 0.36 a year ago.
For the full year, sales was USD 0.282 million compared to USD 10.24 million a year ago. Revenue was USD 253.45 million compared to USD 527.51 million a year ago. Net income was USD 24.31 million compared to USD 289 million a year ago. Basic earnings per share from continuing operations was USD 0.14 compared to USD 1.64 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to USD 1.52 a year ago.