REC Silicon ASA (OTCPK:RNWEF)
$ 0.38 0.01108 (3%) Market Cap: 159.97 Mil Enterprise Value: 203.57 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 54/100
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Q1 2019 REC Silicon ASA Earnings Call Transcript

May 09, 2019 / 06:00AM GMT
Release Date Price: $0.96
Tore Torvund
REC Silicon ASA - CEO & President

Okay. I think then time is there, 8:00. So I would like to welcome you all for this presentation of our Q1 2019 for REC Silicon.

Today, I have also brought James, you have seen on every occasions. And also Francine Sullivan is here today. Francine has been in charge of trying to solve the trade issue between the U.S. and China at least for REC Silicon. And she will give you an update on the trade since, definitely, the trade issue is our major problem for the moment, as it has been for the last 5 years. So we will allocate decent time to Francine to give you an update, and she will also be ready to answer questions. Francine has been working now on this issue for the last 4 years, regular spending a lot of time in Washington, D.C. to try to follow up our issues.

But let me start with the numbers. And as I said in the press release as well, it is not satisfactory situation from a financial point of view. We had a revenue of $45 million this quarter, and we have then an EBITDA loss of $4.7 million. The cash balance is about $25 million

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