Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
USA Rare Earth is expected to achieve breakeven after receiving government investment

USA Rare Earth is expected to achieve breakeven after receiving government investment

格隆汇格隆汇2026/01/26 14:26
Show original
Glonghui, January 26|USA Rare Earth Chief Financial Officer Rob Steele told analysts during a conference call that the government’s investment will enable the company to accelerate operations, and the company now expects to achieve cash flow breakeven by 2029. He stated that the company expects to reach gross profit breakeven in 2027 and achieve EBITDA breakeven in 2028. The company has also set a revenue target of $6 billions for 2032. Steele said, “We are excited about this deal because it accelerates our path to commercial scale.” USA Rare Earth surged 21% in pre-market trading.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

AI Chip Expansion Continues, Applied Materials (AMAT.US) Q1 Revenue Guidance Exceeds Expectations

Applied Materials reported Q4 revenue of $10.41 billion, surpassing expectations and setting a record for the full year. Its Q1 guidance also exceeded forecasts, driven by strong demand for AI chips, and the stock rose about 3% after hours.

智通财经•2026/11/12 23:01

The U.S. fiscal deficit in October expanded by 42% year-on-year to $404 billion, with the current fiscal year gap expected to reach $2.2 trillion.

Data released by the U.S. Treasury Department on Thursday showed that, due to increased government spending and decreased tax revenue, the U.S. fiscal deficit reached $404 billions in October, expanding by 42% compared to the same period last year.

智通财经•2026/11/12 22:28
The U.S. fiscal deficit in October expanded by 42% year-on-year to $404 billion, with the current fiscal year gap expected to reach $2.2 trillion.