LARGO INC Reports 37.4% Decrease in Revenue for 2nd Quarter of Fiscal Year 2023

August 18, 2023

🌥️Earnings Overview

LARGO INC ($NASDAQ:LGO) reported their earnings results for the second quarter of fiscal year 2023 on June 30, 2023. The total revenue was USD 53.1 million, a 37.4% decrease from the same quarter of the previous year. Net income for the quarter was reported as USD -5.8 million, compared to USD 18.1 million in the same quarter of the previous year.


GoodWhale’s analysis of LARGO INC‘s fundamentals revealed a strong asset score, medium growth score, medium profitability score, and a weak dividend score in its Star Chart. LARGO INC has an overall high health score of 8/10, indicating that it is capable of sustaining future operations in times of crisis due to its strong cashflows and debt. We classify LARGO INC as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Investors who are looking for maintainable yet moderate returns may be interested in companies like LARGO INC. Such investors may seek out companies that have strong asset scores, a good health score, and moderate growth. Those seeking higher returns may look for companies with higher scores in growth, profitability, and dividends. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Largo Inc. More…

    Total Revenues Net Income Net Margin
    212.29 -24.74 -8.1%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Largo Inc. More…

    Operations Investing Financing
    27.62 -82.19 65.28
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Largo Inc. More…

    Total Assets Total Liabilities Book Value Per Share
    393.32 111.76 4.26
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Largo Inc are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    27.6% -48.4% -8.8%
    FCF Margin ROE ROA
    -14.1% -4.3% -3.0%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items

  • Summary

    Investors were disappointed with the second quarter earnings results from LARGO INC, reporting a 37.4% decrease in total revenue compared to the previous year. Net income was reported as a negative 5.8 million, a stark contrast to the 18.1 million reported in the same quarter of the year prior. The stock price reacted to these results by dropping on June 30, 2023. Generally speaking, investors are concerned with the company’s financial health and future prospects, and may continue to keep an eye on LARGO INC’s earnings reports in the coming quarters.

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