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 2020 REC Silicon ASA Earnings Call Transcript

Oct 29, 2020 / 02:00PM GMT
Release Date Price: $1.05 (-3.67%)
Operator

Good day, and welcome to the REC Silicon Quarter 3 Earnings Release Conference Call. Today's conference is being recorded.

At this time, I would like to turn the conference over to James May, CFO. Please go ahead, sir.

James A. May
REC Silicon ASA - CFO

Good afternoon, and thank you for your interest in REC Silicon and in attending this conference call.

What I'll do is go through a brief description of what we released this morning in terms of the company's earnings results. And then I'll turn it over for a question-and-answer period and answer any questions that you may have.

This morning, we announced that the company generated revenues of $30.3 million and EBITDA of $17.9 million. EBITDA includes a 16.9 million -- or a $16 million noncash adjustment due to the settlement of property taxes that I'll discuss in a few moments here. September 30 cash balance was $35.9 million. This represents a $4.3 million increase over the cash balance reported at the beginning of the quarter. Cash flows from operations were $3.6 million and

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