MP Materials Corp. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 0.214 million compared to USD 1.17 million a year ago. Revenue was USD 124.45 million compared to USD 99.75 million a year ago. Net income was USD 63.18 million compared to USD 42.76 million a year ago. Basic earnings per share from continuing operations was USD 0.36 compared to USD 0.24 a year ago. Diluted earnings per share from continuing operations was USD 0.33 compared to USD 0.23 a year ago.
For the nine months, sales was USD 9.1 million compared to USD 2 million a year ago. Revenue was USD 434.27 million compared to USD 232.84 million a year ago. Net income was USD 222 million compared to USD 86.05 million a year ago. Basic earnings per share from continuing operations was USD 1.26 compared to USD 0.5 a year ago. Diluted earnings per share from continuing operations was USD 1.16 compared to USD 0.47 a year ago.