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Stock impact report

Origin Materials outlines $100M-$200M 2027 revenue target as PET cap production and global expansion accelerate [Seeking Alpha]

Origin Materials, Inc. - Class A (ORGN) 
US:NASDAQ Investor Relations: origenfinancial.com
Company Research Source: Seeking Alpha
John Bissell, CEO and Co-Founder, announced new financing that strengthens the company's balance sheet and provides access to additional capital, stating, "This financing fuels the scale-up of PET cap production. Our financing is composed of Quick Insights Origin Materials is using a combination of secured convertible debt and equipment-backed financing, with up to $90 million available in convertible debt, to fuel PET cap production expansion and maintain cash flow flexibility. Origin Materials reiterated guidance for 2026 revenues of $20–30 million and 2027 revenues of $100–200 million, aiming for adjusted EBITDA breakeven in 2027. Key risks include the unpredictability of customer qualification testing timelines and the need for continued successful customer feedback, along with active management of cash burn and project milestone achievements. More Trending News Show less Read more
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