REC Silicon ASA (0FS8) Q4 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.240 Welcome to REC Silicon's fourth quarter 2024 earnings call. 00:00:06.240 -- 00:00:10.346 My name is Curt Levins and I am REC Silicon's CEO. 00:00:10.346 -- 00:00:15.353 I am joined today by Jack Jung, REC Silicon's CFO. 00:00:15.353 -- 00:00:18.698 Today we will report on REC Silicon's 00:00:18.698 -- 00:00:23.602 fourth quarter 2024 earnings call. 00:00:28.685 -- 00:00:32.367 NOW TURNING TO THE AGENDA FOR TODAY'S CALL, 00:00:34.271 -- 00:00:36.271 FIRST, 00:00:36.714 -- 00:00:42.100 WE WILL TALK THROUGH A FEW HIGHLIGHTS FROM THE FOURTH QUARTER. 00:00:42.100 -- 00:00:47.265 WE'LL THEN DISCUSS OUR NEAR-TERM STRATEGIC PLANS AS WE ENTER 2025, AND FINALLY 00:00:47.265 -- 00:00:50.769 WE WILL SUMMARIZE OUR DISCUSSION POINTS AND HAVE 00:00:50.769 -- 00:00:52.769 Q&A. 00:00:54.954 -- 00:00:58.486 SUPPORTS AN OVERVIEW OF SOME HIGHLIGHTS AND UPDATES FROM THE FOURTH QUARTER. 00:00:58.486 -- 00:01:00.930 During the fourth quarter, 00:01:00.930 -- 00:01:06.338 revenues from continuing operations totaled $29.7 million, driven by an increase 00:01:06.338 -- 00:01:08.742 in silicon gas sales 00:01:08.742 -- 00:01:10.885 and planned sales 00:01:10.885 -- 00:01:13.429 of polysilicon inventory. 00:01:13.429 -- 00:01:15.890 EBITDA loss 00:01:16.694 -- 00:01:19.455 from continuing operations 00:01:19.559 -- 00:01:22.640 was $5.3 million, 00:01:22.683 -- 00:01:27.187 primarily affected by the shutdown of our facilities. 00:01:28.017 -- 00:01:32.541 As you know, during the fourth quarter, we made the decision to discontinue the production 00:01:32.541 -- 00:01:36.803 of polysilicon at our Moses Lake facility. 00:01:37.585 -- 00:01:42.490 Following that decision, we successfully secured financing to support the business through 00:01:42.490 -- 00:01:46.5...