Positive EBITDA Achieved
The company reported a positive EBITDA of $4.9 million due to cost reduction activities and one-off effects from a lease modification.
Silicon Gas Sales Volume Increase
Silicon gas sales volume increased, though it remained within the range settled over the past few quarters.
Cost Reduction Initiatives
Material progress in cost reduction efforts at both Moses Lake and Butte operations, surpassing internal targets, particularly in manufacturing overhead.
Additional Financing Secured
The company received $10 million in borrowing proceeds and an additional $13 million in short-term loans from Hanwha International.
Ongoing Disposal of Non-core Assets
The company is focused on the disposal of non-core assets, targeting completion before the end of the year.