More on DAQO New Energy's Q2 results

|About: DAQO New Energy Corp. (DQ)|By:, SA News Editor

Net income of $4.5M vs. $2.6M in the last quarter, and a net loss of $34M in the same quarter a year ago.

EBITDA of $15.2M vs. $13.7M in Q1 of 2014, and ($160.7M) in Q2 of 2013.

Polysilicon shipped during the quarter totaled 1,436 MT, increasing from 1,391 MT in Q1 of 2014. Wafer shipment during the quarter was 17.6M pieces, increasing from 16.8M pieces in Q1 of 2014.

The Company expects to ship 1,450 MT to 1,500 MT of polysilicon and approximately 16.8M to 17M pieces of wafer in Q3.

Q2 results