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 2020 REC Silicon ASA Earnings Call Transcript

Feb 19, 2021 / 07:00AM GMT
Release Date Price: $2.58 (+0.39%)
Tore Torvund
REC Silicon ASA - CEO & President

Good morning, and welcome to the presentation of the fourth quarter for REC Silicon. We are all today -- I'm Tore Torvund, President and CEO of REC Silicon. And we are all today in the U.S. So I have brought my colleagues to this presentation, so you can listen to their view. These are mainly the people responsible for the different areas we are going to present today.

So let me start, let's say, I will present the highlights, James May financial reviews. Can you go back one? Kurt Levens, responsible for our Butte operations will take Silicon Gas. Francine Sullivan and Chuck Sutton will give an update on the PV market. I will come back with a short update on Yulin. And Francine will then cover the battery update.

Next. The highlights for fourth quarter. We had a revenue of $36 million and a positive EBITDA of $1.9 million. The cash balance is today, $134.9 million, and we have a cash increase of $99 million, mainly due to the private placement of NOK 1 billion, which was done in October, and the cash outflow from operating activities

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