Earnings Call Summary | Largo Resources(LGO.US) Q1 2024 Earnings Conference
Earnings Call Summary | Largo Resources(LGO.US) Q1 2024 Earnings Conference
The following is a summary of the Largo Inc. (LGO) Q1 2024 Earnings Call Transcript:
以下是Largo Inc.（LGO）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Largo's revenues for Q1 2024 were reported to be $42.2 million, a decrease from their Q1 2023 revenues of $57.4 million due primarily to lowered vanadium prices.
Operating costs for the quarter stood at $49.7 million, up from the previous year's $45.9 million.
A net loss of $13 million was reported, including $4.4 million designated as non-recurring items.
Basic loss per share increased to $0.20 from $0.02.
據報道，Largo在2024年第一季度的收入爲4,220萬美元，較2023年第一季度的5,740萬美元收入有所下降，這主要是由於釩價格的下跌。
該季度的運營成本爲4,970萬美元，高於去年的4590萬美元。
報告的淨虧損爲1,300萬美元，其中包括被指定爲非經常性項目的440萬美元。
每股基本虧損從0.02美元增加到0.20美元。
Business Progress:
業務進展：
Largo is committed to enhancing production efficiencies and dropping cash costs to counterbalance low vanadium prices and return to profitability.
Projected reductions in operating and capital expenditures for 2024 amount to approximately BRL40 million and BRL12 million respectively, reflecting the implementation of productivity initiatives and cost-saving measures.
The company is progressing on a strategic partnership with Straton Energy in a bid to expand its Clean Energy business and energy storage product range.
Largo致力於提高生產效率和降低現金成本，以抵消低的釩價格並恢復盈利能力。
預計2024年的運營和資本支出分別減少約爲 BRL40 百萬和 BRL12 百萬美元，這反映了生產力舉措和成本節約措施的實施。
該公司正在與Straton Energy建立戰略合作伙伴關係，以擴大其清潔能源業務和儲能產品範圍。
More details: Largo Resources IR
更多詳情： Largo 資源 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.
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譯文內容由第三人軟體翻譯。