REC Silicon ASA (LTS:0FS8)
kr 4.20001 -0.07799 (-1.82%) Market Cap: 1.77 Bil Enterprise Value: 2.25 Bil PE Ratio: 0 PB Ratio: 0 GF Score: 51/100
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Q2 2019 REC Silicon ASA Earnings Call Transcript

Jul 25, 2019 / 06:00AM GMT
Release Date Price: kr5.06 (+3.71%)
Tore Torvund
REC Silicon ASA - CEO & President

Okay. Good morning. And welcome to this reporting of the second quarter for REC Silicon. And it will be, today, James May, our CFO, and myself who are going to make the presentation. We will cover these items, a lot about the trade war, but also what we see -- alternatives we see given the situation we are into.

Let me give you the highlights. The good news is that we are back in black in terms of EBITDA, not a lot of money but at least we have a positive EBITDA of $500,000 in this quarter out of a revenue of $47 million. Our cash position is I think to be REC Silicon relatively comfortable. We have $38.4 million in our bank account. The silicon gas sales came in at 834 metric tons. Definitely, silicon gas is now our main contributor to our cash flow. So we came in at 834 slightly above what we did in Q1. Definitely, we were successful in the private placement, which was closed on May 14. And unfortunately, we had to shut down Moses Lake. We have announced this a long time ago. We shut down production on the 15th of May, and we had to let go

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