🔹 Adj. EPS: $(0.13) (Est. $(0.18)) 🟢
🔹 Revenue: $57.4M (Est. $46.3M) 🟢; UP +84% YoY
🔹 Adj. EBITDA: $(12.5M); improved from $(27.1M) YoY
🔹 Net Loss: $(30.9M); improved from $(34.1M) YoY
🔹 Adj. Net Loss: $(21.4M); improved from $(28.0M) YoY
Q2 Segment:
Materials Segment
🔹 Revenue: $37.5M; UP +20% YoY
🔹 NdPr Revenue: $25.0M; UP +283% YoY
🔹 Rare Earth Conc. Revenue: $11.9M; DOWN -51% YoY
🔹 Adj. EBITDA: $(12.7M); improved +28% YoY
Magnetics Segment
🔹 Revenue: $19.9M (vs. $0M YoY)
🔹 Adj. EBITDA: $8.1M (vs. $(2.8M) YoY)
Production & Sales Metrics
🔹 REO Production: 13,145 MT; UP +45% YoY
🔹 REO Sales: 2,658 MT; DOWN -54% YoY
🔹 NdPr Production: 597 MT; UP +119% YoY
🔹 NdPr Sales: 443 MT; UP +226% YoY
🔹 Realized NdPr Price: $57/kg; UP +19% YoY
Strategic Updates
🔸 Announced partnerships with Apple & U.S. Department of Defense
🔸 Transitioning to refined NdPr oxide and metal; ceased RE concentrate exports to China
🔸 Magnetics segment began profitable production of magnetic precursor products
CEO Commentary – James Litinsky
🔸 “We achieved record NdPr production and our second-highest REO output.”
🔸 “Magnetics segment advanced commissioning and began profitable metal ramp.”
🔸 “Partnerships with DoD and Apple position MP for long-term growth in physical AI.”