Q4 revenue USD 32m (-5% vs. ARCe) on lower utilization
Butte EBITDA USD -6.5m (vs. ARCe USD 2.4m) on utilization/energy costs
Company level EBITDA guidance of USD 100-300m at full capacity…
..supporting our investment case. RECSI should outperform today

23 Feb 2023
Arctic FLASH: REC Silicon - EBITDA guidance gives firm support to our TP

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Arctic FLASH: REC Silicon - EBITDA guidance gives firm support to our TP
Q4 revenue USD 32m (-5% vs. ARCe) on lower utilization
Butte EBITDA USD -6.5m (vs. ARCe USD 2.4m) on utilization/energy costs
Company level EBITDA guidance of USD 100-300m at full capacity…
..supporting our investment case. RECSI should outperform today