Q3 2021 REC Silicon ASA Earnings Call Transcript
Good morning, and welcome to REC Silicon's third quarter presentation. Today, I'm joined with -- by Kurt Levens in Butte, Montana. Kurt Levens is responsible for our semiconductor business. And here in Moses Lake, I'm joined with -- joined by James May, the CFO. And I'm also at Moses Lake, Tore Torvund, and I'm the CEO of the company.
And we move to the third quarter highlights. Revenue came up $0.7 million higher than last quarter. So that's a very -- it's a very encouraging number because that fact is that we were able to ship less silicon gas in this quarter, but we were able to have higher prices on what we shipped.
Unfortunately, we were hit by high power prices. We have had high power prices also in the U.S. during third quarter. So the higher power prices, together with planned maintenance turnaround, which took a little bit longer and cost a little bit more than anticipated, has reduced our EBITDA negative $3.7 million. The cash balance increased by $2.7 million during the period, and we are very pleased that we were able to
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