๐น Adj. EPS: $(0.13) (Est. $(0.18)) ๐ข
๐น Revenue: $57.4M (Est. $46.3M) ๐ข; UP +84% YoY
๐น Adj. EBITDA: $(12.5M); improved from $(27.1M) YoY
๐น Net Loss: $(30.9M); improved from $(34.1M) YoY
๐น Adj. Net Loss: $(21.4M); improved from $(28.0M) YoY
Q2 Segment:
Materials Segment
๐น Revenue: $37.5M; UP +20% YoY
๐น NdPr Revenue: $25.0M; UP +283% YoY
๐น Rare Earth Conc. Revenue: $11.9M; DOWN -51% YoY
๐น Adj. EBITDA: $(12.7M); improved +28% YoY
Magnetics Segment
๐น Revenue: $19.9M (vs. $0M YoY)
๐น Adj. EBITDA: $8.1M (vs. $(2.8M) YoY)
Production & Sales Metrics
๐น REO Production: 13,145 MT; UP +45% YoY
๐น REO Sales: 2,658 MT; DOWN -54% YoY
๐น NdPr Production: 597 MT; UP +119% YoY
๐น NdPr Sales: 443 MT; UP +226% YoY
๐น Realized NdPr Price: $57/kg; UP +19% YoY
Strategic Updates
๐ธ Announced partnerships with Apple & U.S. Department of Defense
๐ธ Transitioning to refined NdPr oxide and metal; ceased RE concentrate exports to China
๐ธ Magnetics segment began profitable production of magnetic precursor products
CEO Commentary โ James Litinsky
๐ธ โWe achieved record NdPr production and our second-highest REO output.โ
๐ธ โMagnetics segment advanced commissioning and began profitable metal ramp.โ
๐ธ โPartnerships with DoD and Apple position MP for long-term growth in physical AI.โ