REC Silicon Full Year 2024 Earnings: Misses Expectations

REC Silicon (OB:RECSI) Full Year 2024 Results

Key Financial Results

• Revenue: US$140.8m (flat on FY 2023).
• Net loss: US$104.3m (down by 209% from US$95.9m profit in FY 2023).
• US$0.25 loss per share (down from US$0.23 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

REC Silicon Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 135%.

The primary driver behind last 12 months revenue was the Semiconductor Materials segment contributing a total revenue of US$140.7m (100% of total revenue). Explore how RECSI's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 11% p.a. on average during the next 2 years, while revenues in the Semiconductor industry in Europe are expected to grow by 10%.

Performance of the market in Norway.

The company's shares are up 5.8% from a week ago.

Risk Analysis

You still need to take note of risks, for example - REC Silicon has 5 warning signs (and 2 which shouldn't be ignored) we think you should know about.

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