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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.
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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 |
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Largo Inc. (LGO) Q4 2022 Earnings Call Transcript
Largo Inc. (NASDAQ:LGO ) Q4 2022 Results Conference Call March 10, 2023 1:00 PM ET Company Participants Alex Guthrie - Senior Manager of External Relations Daniel Tellechea - Interim CEO and Director Ernest Cleave - CFO Paul Vollant - VP...
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TORONTO--(BUSINESS WIRE)---- $LGO #cleanenergy--Largo to Release Fourth Quarter and Annual 2022 Financial Results on March 9, 2023
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