OverviewSuggest Edit
REC Silicon is a producer of silicon materials. It manufactures a range of raw materials essential in the photovoltaic and electronics industries, such as solar and electronic grade silicon and silane gas. The company primarily serves solar and semiconductor manufacturing companies.
| Type | Public | |
| Founded | 1996 | |
| HQ | Lysaker, NO | Map |
| Website | recsilicon.com | |
| Employee Ratings | More |
Key People/Management at REC Silicon
Tore Torvund
President & CEO
James A. May
Chief Financial Officer
Kurt Levens
Sr. Vice President EG Polysilicon and Silicon Gases
Chuck Sutton
Vice President - FBR Polysilicon Sales
Francine Sullivan
Vice President Business Development
Deeanna Worley
Vice President of HSE, PSM, HR
REC Silicon Office Locations
REC Silicon has offices in Lysaker, Butte, Moses Lake, Shanghai and in 3 other locations
Lysaker, NO (HQ)
Fornebuveien 84
Shanghai, CN
3F Qian Jiang Tower 971 Dong Fang Road Pudong
Tokyo, JP
8th Floor Pacific Century Place 1-11-1
Seoul, KR
#37th Floor ASEM Tower 517 Yeongdong-daero
Taipei, TW
No. 17 Cheng-Te Road Section 1 Datong dist.
Butte, MT, US
119140 Rick Jones Way
REC Silicon Financials and Metrics
REC Silicon Revenue
REC Silicon's revenue was reported to be $122.1 m in FY, 2020
| USD | |
|---|---|
Revenue (Q3, 2021) | 36.2m |
Gross profit (Q3, 2021) | 23.9m |
Net income (Q3, 2021) | (16.4m) |
EBITDA (Q3, 2021) | (3.8m) |
EBIT (Q3, 2021) | (10.7m) |
Market capitalization (28-Jan-2021) | 3.8b |
Closing stock price (28-Jan-2021) | 18.0 |
Cash (30-Sept-2021) | 126.3m |
EV | 3.8b |
REC Silicon's current market capitalization is kr3.8 b.
Annual
| USD | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|
Revenue | 221.2m | 160.2m | 122.1m |
Cost of goods sold | (55.8m) | (46.3m) | (20.7m) |
Gross profit | 166.7m | 114.5m | 118.3m |
R&D expense | (2.6m) | (1.8m) | (1.3m) |
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 45.0m | 47.0m | 36.4m | 24.7m | 31.0m | 30.3m | 28.1m | 35.6m | 36.2m |
Cost of goods sold | (11.1m) | (16.2m) | (10.6m) | 500.0k | (4.8m) | (8.1m) | 2.2m | (6.4m) | (12.3m) |
Gross profit | 33.9m | 30.8m | 25.8m | 25.2m | 26.4m | 38.4m | 30.3m | 37.5m | 23.9m |
Annual
| USD | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|
Cash | 31.8m | 29.4m | 134.9m |
Accounts Receivable | 29.9m | 23.2m | 20.2m |
Prepaid Expenses | 11.7m | 7.3m | 5.6m |
Inventories | 79.1m | 47.7m | 41.3m |
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 25.4m | 38.4m | 46.2m | 30.2m | 31.6m | 35.9m | 131.5m | 123.6m | 126.3m |
Accounts Receivable | 27.1m | 28.0m | 19.7m | 15.6m | 14.5m | 15.3m | 20.9m | 19.1m | 17.3m |
Prepaid Expenses | 15.5m | 10.5m | 11.3m | 7.7m | 5.4m | 7.7m | 5.8m | 4.3m | |
Inventories | 79.4m | 72.3m | 64.9m | 52.9m | 50.7m | 46.8m | 48.8m | 45.0m | 38.2m |
Annual
| USD | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|
Net Income | (348.0m) | (127.0m) | (69.3m) |
Depreciation and Amortization | 402.2m | 69.8m | 36.8m |
Inventories | 3.8m | 21.5m | 6.4m |
Accounts Payable | (5.7m) |
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | (23.4m) | (61.2m) | (104.8m) | (10.6m) | (50.8m) | (53.2m) | (8.6m) | (14.0m) | (25.6m) |
Depreciation and Amortization | 13.8m | 47.1m | 72.4m | 11.9m | 47.0m | 67.4m | 7.2m | 14.6m | 28.8m |
Inventories | (300.0k) | 6.7m | 13.9m | (5.2m) | (3.0m) | (4.3m) | (7.6m) | (4.1m) | (4.9m) |
Accounts Payable | (8.3m) | (2.8m) | (3.4m) | (5.1m) | (2.6m) | 600.0k |
| USD | FY, 2018 |
|---|---|
Revenue/Employee | 543.5k |
REC Silicon Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Gitzeli Solar Energy Production S.A. | ||
| REC Advanced Silicon Materials LLC | ||
| REC Greece S.A. | ||
| REC SILICON AS | ||
| REC Silicon Inc | ||
| REC Silicon Pte. Ltd. | ||
| REC SOLAR AS | ||
| REC Solar Grade Silicon LLC |
REC Silicon Revenue Breakdown
REC Silicon revenue breakdown by business segment: 99.5% from SEMICONDUCTOR MATERIALS and 0.5% from Other
REC Silicon Cybersecurity Score
REC Silicon Online and Social Media Presence
REC Silicon's Trends
REC Silicon News and Updates
May 10, 2022
REC Silicon - Mandatory notification of trade
Reference is made to the stock exchange notice by Aker Horizons ASA on 10 May 2022 regarding the completion of the agreement between Aker Horizons Holding AS (“AHH”) (a wholly owned subsidiary of Aker Horizons ASA) and South Korea's Hanwha Solutions Corporation and Hanwha Corporation (jointly, “Hanw…
May 10, 2022
REC Silicon – Disclosure of large shareholding
Reference is made to the announcement published by REC Silicon ASA ("REC Silicon" or the "Company") on 23 March 2022 regarding the entry into of a share purchase agreement (the "SPA") between Aker Horizons Holding AS ("Aker Horizons"), Hanwha Solutions Corporation ("Hanwha Solutions") and Hanwha Cor…
April 22, 2022
REC Silicon - Announcement from Hanwha Solutions on nominated board members
On 18 November 2021 Hanwha Solutions Corporation announced an agreement with Aker Horizons ASA (“AKH”) and REC Silicon ASA (“REC”) to acquire 16.67 percent of the shares in REC through a private placement and a share purchase from AKH. Completion of the transaction occurred on 19 January 2022.
March 28, 2022
Correction: REC Silicon - Annual report 2021
Lysaker, Norway - March 28, 2022. Reference is made to the stock exchange notice from REC Silicon dated 25 March (below), announcing disclosure of the 2021 annual report. Corrected version with financial statemetns in European Single Electronic Format (ESEF) attached.
March 23, 2022
REC Silicon - Aker Horizons sale of shares in REC Silicon ASA to Hanwha
Aker Horizons ASA's wholly owned subsidiary Aker Horizons Holding AS ("Aker Horizons") has today entered into an agreement with South Korea's Hanwha Solutions Corporation and Hanwha Corporation (together, "Hanwha") to sell all of Aker Horizons’ shares in REC Silicon ASA ("REC Silicon"). Aker Horizon…
REC Silicon Frequently Asked Questions
When was REC Silicon founded?
REC Silicon was founded in 1996.
Who are REC Silicon key executives?
REC Silicon's key executives are Tore Torvund, James A. May and Kurt Levens.
How many employees does REC Silicon have?
REC Silicon has 289 employees.
What is REC Silicon revenue?
Latest REC Silicon annual revenue is $122.1 m.
What is REC Silicon revenue per employee?
Latest REC Silicon revenue per employee is $422.5 k.
Who are REC Silicon competitors?
Competitors of REC Silicon include East Hope Group, Hemlock Semiconductor and GCL-Poly Energy Holdings.
Where is REC Silicon headquarters?
REC Silicon headquarters is located at Fornebuveien 84, Lysaker.
Where are REC Silicon offices?
REC Silicon has offices in Lysaker, Butte, Moses Lake, Shanghai and in 3 other locations.
How many offices does REC Silicon have?
REC Silicon has 7 offices.
Learn about Craft real-time company insights
Receive alerts for 300+ data fields across thousands of companies