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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Q3 2019 REC Silicon ASA Earnings Call Transcript

Oct 30, 2019 / 07:00AM GMT
Release Date Price: $0.33
Tore Torvund
REC Silicon ASA - CEO & President

Okay. Welcome to this REC Silicon presentation for the third quarter of 2019. The agenda today will be that we go through the highlights. James May will, of course, give you the update on the financials. And then today, we also have invited our Vice President for our Semiconductor business, Kurt Levens, which will give, let's say, a more comprehensive review of our semiconductor business since that is now our main activity in the company since we shut down our PV capacity in Moses Lake. I will come back to the -- an update on the China -- or the U.S.-China trade dispute and also talk a little bit about our Yulin JV and how we foresee the company's future, given the circumstances we are operating under.

In terms of revenues, it's down approximately $10 million, from $46 million down to $36 million in revenue. We report a loss of $5.6 million during this quarter, and James will come back to the details behind this. The bright spot this time is the cash balance. We are having $46.2 million as of September 30, so we are somewhat better than what was

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