See more : Olatech Solutions Limited (OLATECH.BO) Income Statement Analysis – Financial Results
Complete financial analysis of Largo Inc. (LGO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Largo Inc., a leading company in the Industrial Materials industry within the Basic Materials sector.
You may be interested
- Cascadero Copper Corporation (CCEDF) Income Statement Analysis – Financial Results
- KBS India Limited (KBSINDIA.BO) Income Statement Analysis – Financial Results
- WUXIHYATECH Co.Ltd (688510.SS) Income Statement Analysis – Financial Results
- Nordea Invest Stabil Balanceret (NDISTABKL1.CO) Income Statement Analysis – Financial Results
- Develop Global Limited (DVP.AX) Income Statement Analysis – Financial Results
Largo Inc. (LGO)
About Largo Inc.
Largo Inc. engages in the development and sale of vanadium-based utility scale electrical energy storage systems in Canada. The company operates in five segments: Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy. Its products include VPURE+ vanadium flakes that are used in the production of master alloys and aerospace applications; VPURE vanadium flakes ferrovanadium and vanadium carbon nitride for the steel industry; and VPURE+ vanadium powder for catalyst applications. The company offers renewable energy solutions through Largo Clean Energy. Its products are sourced from vanadium deposits at the Maracás Menchen Mine in Brazil. The company was formerly known as Largo Resources Ltd. and changed its name to Largo Inc. in November 2021. Largo Inc. was incorporated in 1988 and is headquartered in Toronto, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 198.68M | 229.25M | 198.28M | 119.99M | 107.18M | 382.82M | 133.38M | 60.44M | 5.48M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.31K | 5.21K | 0.00 |
| Cost of Revenue | 187.03M | 169.72M | 133.01M | 88.39M | 94.81M | 99.66M | 95.75M | 84.20M | 21.17M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.59K | 3.85K | 0.00 |
| Gross Profit | 11.65M | 59.53M | 65.27M | 31.60M | 12.38M | 283.16M | 37.63M | -23.76M | -15.69M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.72K | 1.36K | 0.00 |
| Gross Profit Ratio | 5.86% | 25.97% | 32.92% | 26.33% | 11.55% | 73.97% | 28.21% | -39.32% | -286.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 44.79% | 26.02% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 34.50M | 34.11M | 25.48M | 12.31M | 16.53M | 14.67M | 10.78M | 9.88M | 8.87M | 10.79M | 4.82M | 3.57M | 3.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 34.50M | 34.11M | 25.48M | 12.31M | 16.53M | 14.67M | 10.78M | 9.88M | 8.87M | 10.79M | 4.82M | 3.57M | 3.20M | 2.45M | 1.23M | 6.27M | 2.12M | 1.29M | 663.23K | 677.39K | 281.98K | 83.60K | 74.16K |
| Other Expenses | 0.00 | 9.38M | 3.07M | 1.47M | 4.19M | 871.49K | 10.34K | 72.91K | 287.53K | 8.63M | 1.93M | -16.08M | 0.00 | -41.30K | -119.15K | 98.99K | 3.12M | 2.45M | 757.71 | -19.01K | 2.11K | 997.90 | 11.83K |
| Operating Expenses | 23.93M | 43.49M | 28.56M | 13.79M | 20.73M | 15.54M | 10.79M | 9.95M | 9.16M | 19.42M | 6.75M | 4.30M | 3.20M | 2.41M | 1.11M | 6.37M | 5.25M | 3.74M | 663.99K | 658.39K | 284.09K | 84.60K | 85.99K |
| Cost & Expenses | 218.90M | 213.21M | 161.57M | 102.18M | 115.53M | 115.20M | 106.53M | 94.15M | 30.33M | 19.42M | 6.75M | 4.30M | 3.20M | 2.41M | 1.11M | 6.37M | 5.25M | 3.74M | 663.99K | 658.39K | 288.67K | 88.45K | 85.99K |
| Interest Income | 2.02M | 1.11M | 403.00K | 1.15M | 5.02M | 659.31K | 0.00 | 0.00 | 0.00 | 0.00 | 464.89K | 43.58K | 104.94K | 132.98 | 100.28 | 45.06K | 0.00 | 11.76K | 10.42K | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 9.63M | 1.46M | 981.00K | 1.14M | 6.94M | 25.26M | 36.86M | 32.19M | 6.09M | 174.87K | 464.89K | 21.28K | 1.87K | 98.87K | 19.18K | 556.45K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 29.25M | 23.28M | 22.51M | 17.51M | 24.27M | 22.79M | 26.42M | 25.08M | 6.03M | 50.82K | 30.99K | 62.41K | 6.47K | 2.39K | 4.20K | 6.06K | 1.91K | 1.25K | 757.71 | 653.83 | 2.11K | 997.90 | 0.00 |
| EBITDA | 3.82M | 28.96M | 55.40M | 26.53M | 14.07M | 288.82M | 50.57M | 9.94M | -19.67M | -16.34M | -5.10M | -7.32M | -3.09M | -2.40M | -1.11M | -6.32M | -5.24M | -3.74M | -663.23K | -657.73K | -278.25K | -82.24K | -85.99K |
| EBITDA Ratio | 1.92% | 17.56% | 30.00% | 30.26% | 12.94% | 75.02% | 38.42% | -18.07% | -359.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -3,347.83% | -1,578.98% | 0.00% |
| Operating Income | -16.58M | 16.97M | 36.97M | 18.80M | -10.39M | 267.62M | 26.85M | -33.71M | -24.85M | -19.42M | -7.19M | -4.30M | -3.20M | -2.46M | -1.11M | -6.86M | -5.25M | -3.74M | -663.99K | -658.39K | -280.36K | -83.24K | -85.99K |
| Operating Income Ratio | -8.34% | 7.40% | 18.65% | 15.67% | -9.69% | 69.91% | 20.13% | -55.79% | -453.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -3,373.22% | -1,598.13% | 0.00% |
| Total Other Income/Expenses | -18.48M | -12.93M | -8.56M | 7.72M | -15.01M | -30.73M | -34.03M | -7.67M | -68.80M | -39.84M | -6.45M | -21.04M | -608.56K | -41.25K | -70.50K | -378.64K | -51.33K | 201.61 | 27.53K | 14.75K | -80.51K | 0.00 | -11.83K |
| Income Before Tax | -35.06M | 4.04M | 31.76M | 7.72M | -23.93M | 236.89M | -7.18M | -41.39M | -93.65M | -45.11M | -10.87M | -25.34M | -3.81M | -2.51M | -1.18M | -7.24M | -5.30M | -3.74M | -636.46K | -643.64K | -360.87K | 0.00 | -97.82K |
| Income Before Tax Ratio | -17.64% | 1.76% | 16.02% | 6.44% | -22.33% | 61.88% | -5.39% | -68.48% | -1,710.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -4,341.84% | 0.00% | 0.00% |
| Income Tax Expense | -2.70M | 6.27M | 9.19M | 962.00K | 3.79M | 4.92M | 1.10M | 23.95M | 4.39M | 174.87K | 0.00 | -16.06M | 1.87K | 905.31K | -380.10K | -963.02K | -3.28M | -1.27M | -8.97K | 6.49K | 2.07K | 8.16K | -11.71K |
| Net Income | -30.90M | -2.23M | 22.57M | 6.76M | -27.72M | 231.97M | -8.28M | -41.39M | -93.65M | -45.11M | -10.87M | -25.34M | -3.81M | -3.41M | -802.28K | -6.28M | -5.30M | -2.47M | -627.49K | -650.13K | -362.94K | -91.40K | -86.12K |
| Net Income Ratio | -15.55% | -0.97% | 11.38% | 5.63% | -25.86% | 60.60% | -6.21% | -68.48% | -1,710.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -4,366.71% | -1,754.85% | 0.00% |
| EPS | -0.47 | -0.03 | 0.35 | 0.13 | -0.52 | 3.61 | -0.18 | -1.07 | -5.60 | -4.47 | -1.21 | -3.78 | -0.97 | -1.34 | -0.40 | -5.00 | -5.97 | -4.50 | -2.35 | -3.39 | -3.61 | -1.41 | -1.38 |
| EPS Diluted | -0.47 | -0.03 | 0.34 | 0.12 | -0.52 | 3.61 | -0.18 | -1.07 | -5.60 | -4.47 | -1.21 | -3.78 | -0.97 | -1.34 | -0.40 | -5.00 | -5.97 | -4.50 | -2.35 | -3.39 | -3.61 | -1.41 | -1.38 |
| Weighted Avg Shares Out | 64.04M | 64.45M | 64.05M | 56.40M | 53.50M | 64.23M | 46.80M | 38.70M | 16.71M | 10.09M | 8.96M | 6.70M | 3.91M | 2.55M | 1.98M | 1.26M | 887.56K | 548.84K | 267.06K | 191.66K | 100.57K | 65.04K | 62.29K |
| Weighted Avg Shares Out (Dil) | 64.04M | 64.45M | 65.05M | 61.36M | 53.50M | 64.23M | 46.80M | 38.70M | 16.71M | 10.09M | 8.96M | 6.70M | 3.91M | 2.55M | 1.98M | 1.26M | 887.56K | 548.84K | 267.06K | 191.66K | 100.57K | 65.04K | 62.29K |
Largo to Release its Fourth Quarter and Annual 2023 Financial Results on March 21, 2024
TORONTO--(BUSINESS WIRE)---- $LGO #cleanenergy--Largo to Release its Fourth Quarter and Annual 2023 Financial Results on March 21, 2024.
Largo Identifies Significant Platinum-Palladium Grades from Sampling of the Non-Magnetic Tailings Ponds at its Maracás Menchen Mine; Commences Further Analysis of Platinum Group Metals as Part of its Ongoing Exploration Program
TORONTO--(BUSINESS WIRE)---- $LGO #cleanenergy--Largo Identifies Significant Platinum-Palladium Grades from Sampling of the Non-Magnetic Tailings Ponds at its Maracás Menchen Mine.
Vanadium Miners News For The Month Of February 2024
Vanadium pentoxide prices and ferrovanadium prices were generally flat in February, remaining near a 13-year low.
Largo Reports Fourth Quarter and Full Year 2023 Operational and Sales Results Highlighted by Record Quarterly High Purity V2O5 Production; Provides 2024 Guidance
TORONTO--(BUSINESS WIRE)---- $LGO #cleanenergy--Largo Reports Fourth Quarter and Full Year 2023 Operational and Sales Results; Provides 2024 Guidance.
Largo Provides Update on the Ongoing Exploration Program Surrounding its Maracás Menchen Mine in Brazil
TORONTO--(BUSINESS WIRE)---- $LGO #cleanenergy--Largo Provides Update on the Ongoing Exploration Program Surrounding its Maracás Menchen Mine in Brazil.
Largo, Inc. (LGO) Q3 2023 Earnings Call Transcript
Largo, Inc. (NASDAQ:LGO ) Q3 2023 Earnings Conference Call November 9, 2023 1:00 PM ET Company Participants Alex Guthrie - Senior Manager, External Relations Daniel Tellechea - Interim Chief Executive Officer and Director Ernest Cleave - Chief Financial Officer Paul...
Largo Reports Third Quarter 2023 Financial Results; Announces First Commercial Shipment of Ilmenite as By-Product of its Vanadium Operations in Brazil and Validation of its 6 MWh Vanadium Redox Flow Battery to Operate on Test Conditions in Spain
TORONTO--(BUSINESS WIRE)---- $LGO #cleanenergy--Largo Reports Third Quarter 2023 Financial Results; Announces First Commercial Shipment of Ilmenite as By-Product of its Vanadium Operations in Brazil.
Largo to Release Third Quarter 2023 Financial Results on November 8, 2023
TORONTO--(BUSINESS WIRE)---- $LGO #cleanenergy--Largo to Release Third Quarter 2023 Financial Results on November 8, 2023.
Vanadium Miners News For The Month Of October 2023
Europe and China vanadium pentoxide and ferrovanadium spot prices were lower the past 30 days. Vanadium market news - Energy Dome, Invinity, Form, Redflow projects among DOE's US$325m LDES winners. Innovation arm of US Department of Defense trials flow batteries....
Vanadium producer Largo reports lower production in Q3, reiterates 2023 guidance
(Kitco News) - Vanadium producer Largo (TSX: LGO) (NASDAQ: LGO) yesterday reported Q3 2023 production of 2,163 tonnes of V2O5 (4.8 million lbs), which is a decline of 26% from the 2,906 tonnes produced in Q3 2022.
Source: https://incomestatements.info
Category: Stock Reports