UPDATE: MP Materials Corp. (MP) Tops Q4 EPS by 15c, Revenues Miss
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MP Materials Reports Fourth Quarter and Full Year 2020 Results
March 18, 2021 4:05 PM EDTFourth Quarter 2020 Revenue Grew 100% Year-over-Year to $42.2 million
Fourth Quarter 2020 Net Income Increased 23.3x Year-over-Year to $24.1 million
Fourth Quarter 2020 Adjusted EBITDA Grew 297% Year-over-Year to $18.0 million
2020 Full Year Production and Sales Volumes Increased Approximately 40% compared to 2019
MOUNTAIN PASS, Calif.--(BUSINESS WIRE)-- MP Materials Corp. (NYSE: MP) (MP Materials or the Company), the largest rare earth materials producer in the Western Hemisphere, today announced its financial results for the fourth quarter and full year ended December 31, 2020.
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