Origin Materials, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2021
August 12, 2021 at 04:01 pm EDT
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Origin Materials, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2021. For the quarter, the company reported net income of $62,531,000 against net loss of $1,693,000 a year ago. Net income per basic share was $0.93 against net loss per share of $0.03 a year ago. Net income per diluted share was $0.63 against net loss per share of $0.03 a year ago.
For the six months, the company reported net income of $8,960,000 against net loss of $3,663,000 a year ago. Net income per basic share was $0.14 against net loss per share of $0.06 a year ago. Net income per diluted share was $0.13 against net loss per share of $0.06 a year ago.
Origin Materials, Inc. is a carbon negative materials company. The Company is specializing in technology that has the potential to replace petroleum-based materials with decarbonized materials in a range of end products, including food and beverage packaging, clothing, textiles, plastics, car parts, carpeting, tires, adhesives, soil amendments and fuels. It has also developed other products that can enhance sustainability, such as its 100% polyethylene terephthalate (PET) circular caps and closures that can enable fully-recyclable PET containers and reduce waste through light-weighting, while providing performance such as greater oxygen and carbon dioxide (CO2) barrier properties that can increase shelf-life. The Company has developed a biomass conversion technology to convert biomass, or plant-based carbon, into the versatile building block chemicals chloromethylfurfural (CMF) and hydrothermal carbon (HTC), as well as other oils and extractives and other co-products.
ORIGIN MATERIALS, INC. 
