REC Silicon ASA (0FS8) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.518 Good morning and welcome to the REC Silicon first quarter 2025 presentation. 00:00:06.518 -- 00:00:10.740 I'm Curt Levins, CEO of REC Silicon. 00:00:14.586 -- 00:00:19.512 Today, we're going to talk about some highlights and updates, 00:00:19.512 -- 00:00:24.215 both from Q1 and then subsequent events. 00:00:24.797 -- 00:00:27.858 Our normal financial review 00:00:27.892 -- 00:00:33.957 We'll touch on strategic direction issues based upon activities 00:00:34.260 -- 00:00:39.024 as we described during the last quarterly presentation, 00:00:39.527 -- 00:00:44.353 as well as a trade policy update given all of the activity 00:00:44.353 -- 00:00:49.898 that has been over the past two months, 00:00:49.921 -- 00:00:53.483 and then provide with a summary. 00:00:57.423 -- 00:01:00.366 So our major restructuring activities 00:01:00.366 -- 00:01:05.953 have been accomplished and ongoing are a number of other restructuring 00:01:05.953 -- 00:01:11.319 activities. This will be a process that we will be continuing throughout 00:01:11.319 -- 00:01:14.100 the remainder of the year. 00:01:14.302 -- 00:01:19.508 We had an EBITDA loss of 4.6 million 00:01:19.508 -- 00:01:22.430 from continuing operations. 00:01:23.673 -- 00:01:25.535 Hanwha 00:01:25.535 -- 00:01:28.118 and its affiliates 00:01:28.118 -- 00:01:32.020 LAUNCHED A VOLUNTARY SHARE PURCHASE OFFER. 00:01:33.344 -- 00:01:37.849 WE ARE STILL WORKING ON THE FURTHER FINANCING OPTIONS 00:01:37.849 -- 00:01:39.691 FOR RESTRUCTURING, 00:01:39.691 -- 00:01:42.273 AND WE HAVE A LITTLE MORE 00:01:42.273 -- 00:01:45.855 DISCUSSION ABOUT THOSE ON A COUPLE SLIDES. 00:01:47.459 -- 00:01:51.323 LET'S SAY THAT RIGHT NOW IT IS A VERY CHALLENGING ENVIRONMENT 00:01:51.323 -- 00:01:53.944 FOR SALES REVENUES, 0...