See more : SPO Networks, Inc. (SPOI) 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.
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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 |
Vanadium Miners News For The Month Of May 2022
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Largo Resources Ltd. (LGO) CEO Paulo Misk on Q1 2022 Results - Earnings Call Transcript
Largo Resources Ltd. (NASDAQ:LGO ) Q1 2022 Earnings Conference Call May 12, 2022 10:00 AM ET Company Participants Paulo Misk – President and Chief Executive Officer Ernest Cleave – Chief Financial Officer Alex Guthrie – Senior Manager of External Relations...
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Largo Inc. (LGO) delivered earnings and revenue surprises of -33.33% and 27.68%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
Largo Reports First Quarter 2022 Financial Results and Provides Adjusted 2022 Guidance; Announces Intention to Commence Normal Course Issuer Bid
TORONTO--(BUSINESS WIRE)--Largo Inc. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO) today released financial and operating results for the three months ended March 31, 2022. The Company reported quarterly vanadium pentoxide (“V2O5”) equivalent sales of 2,232 tonnes at a cash...
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Largo Resources Ltd. (LGO) CEO Paulo Misk on Q4 2021 Results - Earnings Call Transcript
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Largo Inc. (LGO) delivered earnings and revenue surprises of -92.86% and 1.75%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
Largo Reports 2021 Net Income of $22.6 Million and Strong Financial Position; Focused on “Two-Pillar” Strategy as a Leading Vanadium Supplier Benefiting from Strong Vanadium Fundamentals with an Emerging Clean Energy Division
TORONTO--(BUSINESS WIRE)--Largo Inc. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO) today released financial and operating results for the three and twelve months ended December 31, 2021. The Company reported annual vanadium pentoxide (“V2O5”) equivalent sales of 11,393 tonnes at...
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