REC Silicon Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

REC Silicon (OB:RECSI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$33.8m (down 2.9% from 3Q 2023).
• Net loss: US$52.6m (loss widened by 112% from 3Q 2023).
• US$0.13 loss per share (further deteriorated from US$0.06 loss in 3Q 2023).

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

REC Silicon EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 24%. Earnings per share (EPS) exceeded analyst estimates by 1.9%.

Looking ahead, revenue is forecast to grow 58% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe.

Performance of the market in Norway.

The company's shares are down 41% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for REC Silicon (of which 2 are a bit unpleasant!) you should know about.

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