REC Silicon ASA
REC Silicon ASA (RNWEF) Financial Performance & Income Statement Overview
Review REC Silicon ASA (RNWEF) income statement, balance sheet, and cash flow reports with annual and quarterly breakdowns.
REC Silicon ASA (RNWEF) Income Statement & Financial Overview
Explore comprehensive income reports for REC Silicon ASA RNWEF, broken down by year and quarter.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $21.40M | $29.70M | $33.80M | $37.70M |
| Cost of Revenue | $4.60M | $11.70M | $21.70M | $11.20M |
| Gross Profit | $16.80M | $18.00M | $12.10M | $26.50M |
| Gross Profit Ratio | $0.79 | $0.61 | $0.36 | $0.70 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $0.00 | $0.00 | $0.00 | $21.50M |
| Operating Expenses | $23.80M | $25.20M | $62.10M | $74.50M |
| Total Costs & Expenses | $28.40M | $36.90M | $83.80M | $85.70M |
| Interest Income | $200000.00 | $200000.00 | $300000.00 | $800000.00 |
| Interest Expense | $7.80M | $8.00M | $3.60M | $2.60M |
| Depreciation & Amortization | $2.40M | $250.30M | $5.60M | $9.70M |
| EBITDA | -$4.50M | $242.60M | -$43.40M | -$38.40M |
| EBITDA Ratio | -$0.21 | $8.17 | -$1.28 | -$1.02 |
| Operating Income | -$7.00M | -$7.20M | -$50.00M | -$48.00M |
| Operating Income Ratio | -$0.33 | -$0.24 | -$1.48 | -$1.27 |
| Other Income/Expenses (Net) | -$7.70M | -$8.50M | -$2.60M | -$55.70M |
| Income Before Tax | -$14.70M | -$15.70M | -$52.60M | -$50.70M |
| Income Before Tax Ratio | -$0.69 | -$0.53 | -$1.56 | -$1.34 |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $0.00 |
| Net Income | -$24.90M | -$313.50M | -$52.60M | -$50.70M |
| Net Income Ratio | -$1.16 | -$10.56 | -$1.56 | -$1.34 |
| EPS | -$0.03 | -$0.75 | -$0.13 | -$0.12 |
| Diluted EPS | -$0.03 | -$0.75 | -$0.13 | -$0.12 |
| Weighted Avg Shares Outstanding | $420.63M | $418.00M | $404.62M | $420.63M |
| Weighted Avg Shares Outstanding (Diluted) | $420.63M | $418.00M | $404.62M | $420.63M |
Over the last four quarters, REC Silicon ASA achieved steady financial progress, growing revenue from $37.70M in Q2 2024 to $21.40M in Q1 2025. Gross profit stayed firm with margins at 79% in Q1 2025 versus 70% in Q2 2024. Operating income totaled -$7.00M in Q1 2025, maintaining a -33% margin over recent quarters. Despite shifts in R&D and SG&A costs, EBITDA stayed strong at -$4.50M. Net income rose to -$24.90M, with EPS at -$0.03. Disciplined expense strategies and efficient operations ensured sustained profitability and long-term financial stability.
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