MP Materials Corp DE
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
MP$36.46-3.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| For the three months ended September 30, | For the nine months ended September 30, | |||
|---|---|---|---|---|
| (in thousands, except share and per share data) | 2024 | 2023 | 2024 | 2023 |
| Revenue: | ||||
| Rare earth concentrate (including related party) | $43,053 | $52,472 | $107,555 | $212,139 |
| NdPr oxide and metal (including related party) | 19,179 | — | 34,037 | — |
| Other revenue | 695 | 44 | 1,277 | 101 |
| Total revenue | 62,927 | 52,516 | 142,869 | 212,240 |
| Operating costs and expenses: | ||||
| Cost of sales (excluding depreciation, depletion and amortization) (including related party) | 57,266 | 22,217 | 134,323 | 69,137 |
| Selling, general and administrative | 21,525 | 19,561 | 64,226 | 57,829 |
| Depreciation, depletion and amortization | 19,344 | 16,751 | 55,939 | 37,076 |
| Start-up costs | 1,627 | 7,336 | 4,287 | 16,125 |
| Advanced projects and development | 2,051 | 2,873 | 8,143 | 9,586 |
| Other operating costs and expenses | 654 | 1,314 | 1,415 | 6,578 |
| Total operating costs and expenses | 102,467 | 70,052 | 268,333 | 196,331 |
| Operating income (loss) | (39,540) | (17,536) | (125,464) | 15,909 |
| Interest expense, net | (6,646) | (1,396) | (16,248) | (4,147) |
| Gain on early extinguishment of debt | — | — | 46,265 | — |
| Other income, net | 11,320 | 14,456 | 36,061 | 41,970 |
| Income (loss) before income taxes | (34,866) | (4,476) | (59,386) | 53,732 |
| Income tax benefit (expense) | 9,350 | 200 | 16,304 | (13,166) |
| Net income (loss) | $(25,516) | $(4,276) | $(43,082) | $40,566 |
| Earnings (loss) per share: | ||||
| Basic | $(0.16) | $(0.02) | $(0.26) | $0.23 |
| Diluted | $(0.16) | $(0.02) | $(0.44) | $0.22 |
| Weighted-average shares outstanding: | ||||
| Basic | 164,149,348 | 177,231,717 | 168,002,773 | 177,034,068 |
| Diluted | 164,149,348 | 177,231,717 | 172,066,214 | 193,632,662 |
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