Largo Inc. (T:LGO)
Business Focus: Uranium Mining
| Sector: Energy | Industry: Uranium |
| Company Contact | |
| Address: | 65 Queen Street West, Suite 820 TORONTO ON M5H 2M5 |
| Tel: | 1-416-8619778 |
| Website: | https://largoinc.com/English/home/default.aspx |
| IR: | See website |
| Key People | ||
| Daniel Ramon Tellechea Interim Chief Executive Officer, Director | Ernest M. Cleave Chief Financial Officer | Paul Vollant Vice President - Commercial |
| Business Overview |
| Largo Inc. is a Canada-based producer and supplier of vanadium products. The Company's segments include sales & trading, mine properties, corporate, exploration and evaluation properties (E&E properties), Largo Clean Energy and Largo Physical Vanadium. Its VPURE and VPURE+ products, which are sourced from one of the vanadium deposits at the Company's Maracas Menchen Mine in Brazil. The Company is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology (VRFB). The Company is also engaged in the process of implementing a titanium dioxide pigment plant using feedstock sourced from its existing operations, in addition to advancing its United States-based clean energy division with its VCHARGE vanadium batteries. VPURE+ Flakes are used in the production of master alloys, where it provides high strength-to-weight ratios for the titanium alloy and aerospace industries. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Largo Inc revenues decreased 13% to $198.7M. Net loss increased from $1.5M to $30.3M. Revenues reflect Mine Properties segment decrease of 17% to $154.5M, Sales & trading segment decrease of 14% to $170.9M. Higher net loss reflects Interest expense and fees increase from $1.4M to $9.3M (expense), Exploration and evaluation costs increase from $1.9M to $5.7M (expense). |
| Employees: | 533 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $173.90M as of Dec 31, 2023 |
| Annual revenue (TTM): | $272.16M as of Dec 31, 2023 |
| EBITDA (TTM): | $21.00M as of Dec 31, 2023 |
| Net annual income (TTM): | -$41.56M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$44.53M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $46.31M as of Dec 31, 2023 |
| Shares outstanding: | 64,051,362 as of Jan 16, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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