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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Q4 2019 REC Silicon ASA Earnings Call Transcript

Feb 14, 2020 / 07:00AM GMT
Release Date Price: $0.44176
Tore Torvund
REC Silicon ASA - CEO & President

Okay. That is time. So welcome to all of you concerning the fourth quarter for REC Silicon. And it will be then James May and myself, our CFO and myself. We're going to go through the numbers and the, let's say, strategy for the company given the situation as of today.

The revenues this quarter came in at $31.8 million. It was an EBITDA loss of $3.0 million. And the cash balance as of end of last year was at USD 29.4 million. On the silicon gas side, which is the most important, let's say, product we sold in 2019, we came in at 857 metric ton, which was moved to our customers versus guidance of 830. Semiconductors polysilicon sales was at 303 metric ton, which was an increase compared to Q2 of 56%. On the other hand, the price went down on the mix, that is all different grades of polysilicon. It went down at 13%, while the semiconductor grade polysilicon was almost flat in terms of prices.

The most important thing is that we were, let's say, as an industry, included in the Phase I agreement between the U.S. and China. So finally, there

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