Q4 2022 REC Silicon ASA Earnings Call Transcript
Good morning. My name is Kurt Levens, and I'm the CEO of REC Silicon. I'd like to welcome you to the Q4 2022 Quarterly Results Presentation.
In the fourth quarter of 2022, our revenues were $31.6 million and our EBITDA was negative $23.6 million. Primarily during this quarter, we have reduced sales volumes of both silane silicon gases as well as polysilicon for different reasons, as I will cover in subsequent slides. However, the continued effects of our price increases were able to be positive relative to the previous quarters. Our restart activities continue in Moses Lake and our first production target of Q4 2023 remains unchanged. As we had announced earlier, our binding term sheet with Hanwha Solutions for polysilicon was executed. And it's important to note that within the silicon gases market, there's continuing inventory drawdown in corrections so that at some point we see some stabilization, but all of our focus segments are affected at this time.
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