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Rec Silicon (RNWEF)
:RNWEF
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.12Last Year’s EPS
0.25Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: -80.65%
|Next Earnings Date:Jul 19, 2018
Earnings Call Sentiment|Negative
The earnings call highlighted new contracts and potential future demand driven by U.S. policy support. However, significant challenges include substantial financial losses, operational delays, and market softness. The sentiment reflects a cautious outlook amid ongoing financial and operational difficulties.Company Guidance
During the Q3 2024 earnings call for RECSI.OL, CEO Kurt Levens provided detailed guidance on the company's operational and financial status. The company reported revenues of $33.8 million with an EBITDA loss of $42.7 million, attributed primarily to startup costs at Moses Lake and weak operational results at the Butte facility. The cash balance stood at $23.6 million. Levens discussed the challenges faced due to a delay in the qualification of Moses Lake polysilicon, leading to a reduction in operations to conserve liquidity. Silane shipments were impacted by global PV market slowdowns. The facility is currently operating at 15% capacity, with a focus on improving product quality and achieving original specification targets. The call highlighted ongoing efforts to troubleshoot issues with impurity in the product handling system and negotiations with customers regarding specification changes. Additionally, Levens mentioned exploring financing options to navigate uncertain qualification timelines and emphasized the company's strategic shift towards more differentiated markets amidst weaker demand in the PV and semiconductor sectors.Multiyear Contract with Sila
REC Silicon signed a multiyear contract to supply silane for silicon anodes with Sila, contributing to their guidance of $100 million to $300 million EBITDA at full ramp of facilities.
Increased U.S. Semiconductor Capacity
U.S. semiconductor capacity is expected to increase by over 200%, directly scaling demand for REC Silicon's gases.
U.S. Policy Support for Domestic Production
New U.S. policies, including a proposed tariff increase on Chinese polysilicon and wafer imports, are expected to support increased domestic wafer and cell production, benefiting silane demand.
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RNWEF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RNWEF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $0.62 | $0.46 | -25.81% |
| Aug 08, 2024 | $0.82 | $0.71 | -13.41% |
| May 10, 2024 | $0.97 | $0.92 | -5.15% |
| Feb 08, 2024 | $1.03 | $1.12 | +8.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rec Silicon (RNWEF) report earnings?
Rec Silicon (RNWEF) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Rec Silicon (RNWEF) earnings time?
Rec Silicon (RNWEF) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RNWEF EPS forecast?
RNWEF EPS forecast for the fiscal quarter 2024 (Q4) is -0.12.
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