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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Q2 2021 REC Silicon ASA Earnings Call Transcript

Jul 22, 2021 / 06:00AM GMT
Release Date Price: $1.86
Tore Torvund
REC Silicon ASA - CEO & President

Good morning. This is Tore Torvund. I'm here together with my CFO, James May, in Moses Lake. It's 11:00 in the evening in the West Coast of the U.S., and welcome to the discussion and presentation of the second quarter 2021 for REC Silicon.

The agenda for today, we will -- Mr. James will give you an update on the financial for Q2. Then I'm going to give you a short update on our Butte Operations, a short update on the development in Yulin. And then I will spend some time on the solar value chain, we are working on the non-Chinese low-carbon solar value chain. And I will end up the presentation with a short update concerning the silicon anode opportunities. And then we will open for Q&A.

The results in the second quarter. The revenue came in relatively high at $35.6 million and EBITDA at $7.9 million. James will give you the details and the background for these numbers.

The cash balance was USD 123.6 million by the end of June, that is a decrease of $7.8 million. This is a quarter where we pay interest on our bond, the USD

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