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Stock impact report

Largo Reports Q4 and Full Year 2024 Financial Results; Announces Operational Turnaround Plan and Additional Cost Optimization Initiatives

Largo Inc. - Common Shares (LGO) 
Company Research Source: Business Wire
All dollar amounts expressed are in thousands of U.S. dollars unless otherwise indicated.Q4, Full Year 2024 and Other HighlightsRevenues of $24.3 million in Q4 2024 vs. $44.2 million in Q4 2023; Revenues per pound sold1 of $5.70 in Q4 2024 vs. $7.69 in Q4 2023; In addition, the Company received $13.6 million related to the delivery of 1,200 tonnes as part of its vanadium inventory supply agreementOperating costs of $30.2 million in Q4 2024, 30% below Q4 2023; Adjusted cash operating costs excluding royalties per pound1 of $3.05 in Q4 2024, 39% below Q4 2023, reflecting the success in cost reduction measures throughout 2024Adjusted EBITDA1 improved by 195% in Q4 2024 to $2.3 million and mining operations adjusted EBITDA1 improved by 27% to $4.5 million from $3.5 million in Q4 2023, despite the negative impact of the maintenance shutdown in Q4 2024Net loss of $13.0 million in Q4 2024, which included $2.4 million in non-recurring items vs. net loss of $13.3 million in Q4 2023, which incl Show less Read more
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