A Business at a Glance
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We were incorporated under the laws of the State of Delaware on March 31, 2008 under the name of “Laredo Mining, Inc.” As of that date, we had 90,000,000 authorized shares of common stock at $0.0001 par value and 10,000,000 authorized shares of preferred stock at $0.0001 par value. On October 21, 2009 our name was changed to “Laredo Oil, Inc.” During May of 2023, our board of directors voted to increase the authorized shares of our common stock to 120,000,000 shares at $0.0001 par value, which increase was approved by the holders of a majority of the shares of our common stock then outstanding. We are an oil exploration and production company, primarily engaged in acquisition and exploration efforts to find mineral reserves on various properties. From our inception in March 2008 through October 2009, we were primarily engaged in acquisition and exploration efforts for mineral properties.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 40K | - | - | 0 | 668K | 4.6M |
| Net Income | -5.3M | -3.2M | -2.9M | -7.9M | -896K | -368K |
| EPS | $-0.07 | $-0.04 | $-0.04 | $-0.14 | - | $-0.01 |
| Free Cash Flow | 0 | -1.6M | -633K | -1.7M | -1.3M | -1.2M |
| ROIC | -227.5% | -181.3% | -95.5% | -1037.4% | - | - |
| Gross Margin | -206.1% | - | - | - | -92.7% | -4.0% |
| Debt/Equity | 0.00 | -0.08 | -0.09 | -0.19 | - | - |
| Dividends/Share | $0.00 | $0.00 | $0.00 | $0.00 | - | - |
| Operating Income | -4.9M | -3.3M | -3.4M | -7.1M | -2.2M | -683K |
| Operating Margin | -12388.7% | - | - | - | -329.3% | -14.9% |
| ROE | 0.0% | 0.0% | 0.0% | 0.0% | - | - |
| Shares Outstanding | 78M | 80M | 72M | 56M | - | 37M |
Laredo Oil, Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
At current prices, the estimated annualized return to fair value is -11.2%.
Laredo Oil, Inc. (LRDC) has a 5-year average return on invested capital (ROIC) of -138.4%. This is below average and may indicate limited pricing power.
Laredo Oil, Inc. (LRDC) has a market capitalization of $61M. It is classified as a small-cap stock.
Laredo Oil, Inc. (LRDC) does not currently pay a regular dividend.
Laredo Oil, Inc. (LRDC) operates in the Crude Petroleum & Natural Gas industry, within the Energy sector.
Laredo Oil, Inc. (LRDC) generated $-2 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Laredo Oil, Inc. (LRDC) reported earnings per share (EPS) of $-0.04 in its most recent fiscal year.
Laredo Oil, Inc. (LRDC) has a 5-year average gross margin of -48.3%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 14 years of financial data for Laredo Oil, Inc. (LRDC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Laredo Oil, Inc. (LRDC) has a book value per share of $-0.16, based on its most recent annual SEC filing.
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