REC Silicon ASA (OTCPK:RNWEY)
$ 0.38 0 (0%) 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 2023 REC Silicon ASA Earnings Call Transcript

Feb 08, 2024 / 07:00AM GMT
Release Date Price: $1.12 (+6.19%)
Kurt Levens REC Silicon ASA;President;CEO

&

Okay, good morning and welcome to the Q4 results presentation for REC Silicon. I'm Kurt Levens, I'm the CEO, and we'll be spending a little bit of time going through both the results as well as sort of framing in what our go forward is and where we're at on some of our projects.

So in highlights wise, if you look at our revenues were up over the previous quarter and our EBITDA itself was down. The main effects on the EBITDA were the fact that we were making a lot of product in Moses Lake that was not yet in finished condition because we had started of the plant. So we're carrying that, as well as there being some poly shutdown accruals, we talk a little bit about that later.

If you look at that compared to the last Q4, you can see inclusive of the accruals that the underlying Butte performance had again improved over the Q4 of '22 performance. So we have been making steady gains in terms of how we were doing with regards to the underlying operational performance.

We did start up in Moses Lake in November, as

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