Q4 2024 REC Silicon ASA Earnings Call Transcript

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Feb 06, 2025

Feb 06, 2025 / 07:00AM GMT
William Levens - REC Silicon ASA - President, Chief Executive Officer

Welcome to REC Silicon's fourth quarter, 2024 earnings call. My name is Kurt Levens and I am REC Silicon's CEO. I am joined today by Jack Yun, Silicon's CFO. Today, we will report on REC Silicon's fourth quarter, 2024 earnings. Now turning to the agenda for today's call first, we will talk through a few highlights from the fourth quarter. We'll then discuss our near-term strategic plans as we enter 2025. And finally, we will summarize our discussion points and have Q&A.

Spurts and overview of some highlights and updates from the fourth quarter. During the fourth quarter, revenues from continuing operations totaled $29.7 million driven by an increase in silicon gas sales and planned sales of polysilicon inventory. EBITDA loss from continuing operations was $5.3 million primarily affected by the shutdown of our facility. As you know, during the fourth quarter, we made the decision to discontinue the production of polysilicon at our Moses Lake facility.

Following that decision, we successfully secured financing to

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