Diversified Commodities
Commodity-dependent companies face cyclical cash flows. Strong balance sheets are critical for downturn protection.
Largo Inc. develops and sells vanadium-based energy storage systems in Canada. The company faces significant financial challenges, reflected in its low gross margin of -9.2% and a concerning net margin of -49.9%, indicating ongoing losses. Additionally, a current ratio of 0.54 suggests liquidity issues, while a debt/equity ratio of 0.86 raises leverage concerns. Despite its innovative focus, the company's financial health score of 18/100 underscores the need for improvement in profitability and liquidity to attract investor confidence.
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Company has $5.1M in cash but burned $7.0M last quarter. At this burn rate, only 0.7 quarters of runway remain without additional financing.
Company posted a loss of $-82.1M over the last year, representing 64.6% of revenue.
Debt of $114.2M is 22.4x the company's cash position of $5.1M.
Operating cash flow has been negative for 3 consecutive quarters, burning $28.1M over the last year.
Strong revenue growth of 17.1% YoY indicates solid business momentum.
Gross margin expanded by 9.6 percentage points, indicating improved pricing power or cost efficiency.
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Based on 2026-Q2 (June 30, 2026)