Earnings Call Summary | Largo Resources(LGO.US) Q4 2023 Earnings Conference
Earnings Call Summary | Largo Resources(LGO.US) Q4 2023 Earnings Conference
The following is a summary of the Largo Inc. (LGO) Q4 2023 Earnings Call Transcript:
以下是Largo Inc.(LGO)2023年第四季度财报电话会议记录摘要:
Financial Performance:
财务业绩:
Largo reported a decrease in Q4 2023 revenues by 7% to $44.2 million and a full year decrease by 13% to $198.7 million.
There was a slight decrease in Q4 2023 operating costs to $43.2 million and a slight increase in full-year operating costs to $174.8 million.
The net loss improved slightly in Q4 2023 to $13.3 million compared to Q4 2022 but worsened considerably for the full year to $32.4 million from a net loss of $2.2 million in 2022.
The company ended 2023 with a cash balance of $42.3 million, a net working capital surplus of $94.7 million, and a debt of $75 million.
Largo报告称,2023年第四季度收入下降了7%,至4,420万美元,全年收入下降了13%,至1.987亿美元。
2023年第四季度的运营成本略有下降至4,320万美元,全年运营成本略有增加至1.748亿美元。
与2022年第四季度相比,2023年第四季度的净亏损略有改善至1,330万美元,但全年净亏损从2022年的220万美元大幅恶化至3,240万美元。
截至2023年,该公司的现金余额为4,230万美元,净营运资金盈余为9,470万美元,负债为7,500万美元。
Business Progress:
业务进展:
Largo reported a production increase of 38% in Q4 2023 for V2O5 equivalent and achieved record high-purity vanadium production.
A new ilmenite concentration plant was successfully commissioned, which will help diversify revenues.
The resource exploration program around the Maracás Menchen mine and the significant milestone of delivering a six-megawatt VRFP system into Europe by Largo Clean Energy was noted.
The company is in talks with Stryten Energy for a joint venture to shape a larger footprint in the North American long-duration energy storage market. This partnership is aimed at catering to growing demand and leveraging DOE incentives.
Largo报告称,2023年第四季度V2O5当量的产量增长了38%,并实现了创纪录的高纯度钒产量。
一座新的钛铁矿浓缩厂成功投产,这将有助于实现收入多元化。
注意到马拉卡斯门兴矿周围的资源勘探计划以及Largo Clean Energy向欧洲交付六兆瓦的VRFP系统的重要里程碑。
该公司正在与Stryten Energy谈判成立一家合资企业,以扩大在北美长期储能市场的占地面积。该伙伴关系旨在满足不断增长的需求并利用美国能源部的激励措施。
More details: Largo Resources IR
更多详情: Largo 资源 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多详情,请访问投资者关系网站。本文仅供投资者参考,不构成任何投资建议。
译文内容由第三方软件翻译。