REC Silicon ASA (FRA:R3Q)
€ 0.3754 -0.0106 (-2.75%) Market Cap: 171.63 Mil Enterprise Value: 212.93 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 46/100
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Q1 2020 REC Silicon ASA Earnings Call Transcript

May 12, 2020 / 06:00AM GMT
Release Date Price: €0.27 (-1.03%)
Operator

(technical difficulty)

Silicon Conference Call. (Operator Instructions) I will now hand the word over to the speakers. Please begin with your meeting.

Tore Torvund
REC Silicon ASA - CEO & President

Good morning. This is Tore Torvund. I'm here in Moses Lake, together with James May, our CFO. And this morning, we released our numbers for the first quarter 2020. And if you would like to follow us on the slides we have sent out, I will start with page or Slide #4.

And the revenue in Q1 was USD 24.7 million. And again, let's say, first time since Q2 in 2019, we had a positive EBITDA of $1 million in this quarter. The cash balance as of March 31 is 30.1 -- $30.2 million, which is up from $29.4 million in last quarter. We sold 730 metric ton of silicon gas, which is somewhat lower than the guidance of 850. However, the price of silane gas remained stable from the last quarter. We also sold 85 metric ton of semiconductor-grade polysilicon, and we saw some increase in price of polysilicon of some 14% versus Q4 of '19.

Last time we

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