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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Q3 2022 REC Silicon ASA Earnings Call Transcript

Nov 16, 2022 / 07:00AM GMT
Release Date Price: kr18.1 (-8.89%)
William Kurtis Levens
REC Silicon ASA - President, Senior VP, GM of EG Polysilicon & Silicon Gases and CEO

Hello, my name is Kurt Levens. I'm the CEO of REC Silicon. I'd like to welcome you to the Third Quarter 2022 Results Presentation.

We plan to cover, much like previous periods, highlights, financial review, semiconductor materials, solar materials and then discuss some key initiatives that we're currently engaged in.

During the third quarter of 2022, our revenues were $36.7 million. Our EBITDA was negative $13.8 million. Our cash balance at the end of the quarter was $146.8 million, which resulted in a cash decrease of $26.2 million. Silicon gas sales were weaker than previous quarters. However, our silicon gases price was increased 12.6% versus the previous quarter. Semiconductor polysilicon sales were decreased by 17.4% over the previous quarter. And the average price had a slight decline mainly due to mix effects.

Activities continued for the Moses Lake Restart, including modification of FBR reactors as well as ancillary facilities that are required to ensure that

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