MP Q2 2023 Earnings — MP Materials Corp. Revenue & Financial Results | Market Cap Arena

MPMP Materials Corp.

$11B

Q2 2023 Earnings

Basic Materials Industrial Materials

Income Statement

Revenue

$64M-55.4% YoY

Gross Profit

$29M45.5% margin

Operating Income

$483,0000.8% margin

Net Income

$7M11.6% margin

EPS (Diluted)

$0.04

QoQ Revenue Growth

-33.1%

Cash Flow

Operating Cash Flow

$10M

Free Cash Flow

-$46M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$2.3B

Total Liabilities

$925M

Stockholders' Equity

$1.4B

Cash & Equivalents

$927M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$64M	$144M	-55.4%
Gross Profit	$29M	$116M	-74.9%
Operating Income	$483,000	$96M	-99.5%
Net Income	$7M	$73M	-89.9%

Revenue Segments

Product

$64M100%

Product and Service, Other

$23,0000%