MP Q1 2023 Earnings — MP Materials Corp. Revenue & Financial Results | Market Cap Arena

MPMP Materials Corp.

$11B

Q1 2023 Earnings

Basic Materials Industrial Materials

Income Statement

Revenue

$96M-42.4% YoY

Gross Profit

$63M66.2% margin

Operating Income

$33M34.4% margin

Net Income

$37M39.1% margin

EPS (Diluted)

$0.19

QoQ Revenue Growth

+2.6%

Cash Flow

Operating Cash Flow

$55M

Free Cash Flow

-$19M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$2.3B

Total Liabilities

$929M

Stockholders' Equity

$1.4B

Cash & Equivalents

$651M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$96M	$166M	-42.4%
Gross Profit	$63M	$138M	-54.0%
Operating Income	$33M	$115M	-71.3%
Net Income	$37M	$86M	-56.2%

Revenue Segments

Product

$96M100%

Product and Service, Other

$34,0000%