Daqo New Energy Announces Unaudited Fourth Quarter and Fiscal Year 2020 Results

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Go back to Daqo New Energy Announces Unaudited Fourth Quarter and Fiscal Year 2020 Results

Daqo New Energy (DQ) Misses Q4 EPS by 8c, Revenues Beat

March 9, 2021 5:43 AM EST

Daqo New Energy (NYSE: DQ) reported Q4 EPS of $1.07, $0.08 worse than the analyst estimate of $1.15. Revenue for the quarter came in at $247.7 million versus the consensus estimate of $232.16 million.

Fourth Quarter 2020 Financial and Operating Highlights

Polysilicon production volume was 21,008 MT in Q4 2020, compared to 18,406 MT in Q3 2020Polysilicon sales volume was 23,186 MT in Q4 2020, compared to 13,643 MT in Q3 2020Polysilicon average total production cost(1) was $5.92/kg in Q4 2020, compared to $5.82/kg in Q3 2020Polysilicon average cash cost(1) was $5.04/kg in Q4 2020, compared to $4.88/kg in Q3... More