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.
Revenue of Largo Inc. (LGO)
Revenue in 2023 (TTM): $198.68 M
According to Largo Inc.'s latest financial reports the company's current revenue (TTM) is $198.68 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Largo Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $198.68 M | $11.65 M | $3.89 M | $-35,056,000 | $-30,899,454 |
| 2022 | $229.25 M | $59.53 M | $28.96 M | $4.04 M | $-2,226,000 |
| 2021 | $198.28 M | $65.27 M | $55.4 M | $31.76 M | $22.57 M |
| 2020 | $119.99 M | $31.6 M | $26.53 M | $7.72 M | $6.76 M |
| 2019 | $107.18 M | $12.38 M | $14.07 M | $-23,929,969 | $-27,721,681 |
| 2018 | $382.82 M | $283.16 M | $288.82 M | $236.89 M | $231.97 M |
| 2017 | $133.38 M | $37.63 M | $50.57 M | $-7,184,891 | $-8,281,511 |
| 2016 | $60.44 M | $-23,763,113 | $9.94 M | $-41,388,290 | $-41,388,290 |
| 2015 | $5.48 M | $-15,692,986 | $-19,666,496 | $-93,652,040 | $-93,652,040 |
| 2014 | $ | $ | $-16,341,999 | $-45,107,937 | $-45,107,937 |
| 2013 | $ | $ | $-5,096,000 | $-10,871,831 | $-10,871,831 |
| 2012 | $ | $ | $-7,319,000 | $-25,343,674 | $-25,343,674 |
| 2011 | $ | $ | $-3,086,533 | $-3,806,500 | $-3,806,500 |
| 2010 | $ | $ | $-2,403,881 | $-2,505,148 | $-3,410,457 |
| 2009 | $ | $ | $-1,107,574 | $-1,182,374 | $-802,277 |
| 2008 | $ | $ | $-6,315,001 | $-7,240,552 | $-6,277,528 |
| 2007 | $ | $ | $-5,243,110 | $-5,296,354 | $-5,296,354 |
| 2006 | $ | $ | $-3,736,045 | $-3,737,094 | $-2,467,362 |
| 2005 | $ | $ | $-663,231 | $-636,456 | $-627,488 |
| 2004 | $ | $ | $-657,733 | $-643,640 | $-650,134 |
| 2003 | $8.31 K | $3.72 K | $-278,252 | $-360,869 | $-362,936 |
| 2002 | $5.21 K | $1.36 K | $-82,243 | $ | $-91,404 |
| 2001 | $ | $ | $-85,990 | $-97,824 | $-86,118 |