Laredo Oil Past Earnings Performance
Past criteria checks 0/6
Laredo Oil's earnings have been declining at an average annual rate of -59.9%, while the Energy Services industry saw earnings growing at 45% annually. Revenues have been declining at an average rate of 57.5% per year.
Key information
-59.9%
Earnings growth rate
-57.8%
EPS growth rate
| Energy Services Industry Growth | 23.7% |
| Revenue growth rate | -57.5% |
| Return on equity | n/a |
| Net Margin | -23,065.9% |
| Last Earnings Update | 29 Feb 2024 |
Recent past performance updates
No updates
Recent updates
Revenue & Expenses Breakdown
How Laredo Oil makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 29 Feb 24 | 0 | -3 | 3 | 0 |
| 30 Nov 23 | 0 | -3 | 3 | 0 |
| 31 Aug 23 | 0 | -3 | 3 | 0 |
| 31 May 23 | 0 | -3 | 3 | 0 |
| 28 Feb 23 | 0 | -3 | 3 | 0 |
| 30 Nov 22 | 0 | -3 | 3 | 0 |
| 31 Aug 22 | 0 | -3 | 2 | 0 |
| 31 May 22 | 1 | -1 | 2 | 0 |
| 28 Feb 22 | 1 | 0 | 1 | 0 |
| 30 Nov 21 | 2 | 0 | 1 | 0 |
| 31 Aug 21 | 3 | 1 | 1 | 0 |
| 31 May 21 | 5 | 0 | 0 | 0 |
| 28 Feb 21 | 6 | 0 | 0 | 0 |
| 30 Nov 20 | 7 | -1 | 0 | 0 |
| 31 Aug 20 | 8 | 0 | 0 | 0 |
| 31 May 20 | 8 | 0 | 0 | 0 |
| 29 Feb 20 | 8 | 0 | 0 | 0 |
| 30 Nov 19 | 8 | 0 | 0 | 0 |
| 31 Aug 19 | 9 | 0 | 0 | 0 |
| 31 May 19 | 8 | 0 | 0 | 0 |
| 28 Feb 19 | 9 | 0 | 0 | 0 |
| 30 Nov 18 | 9 | 0 | 0 | 0 |
| 31 Aug 18 | 9 | 0 | 0 | 0 |
| 31 May 18 | 9 | 0 | 0 | 0 |
| 28 Feb 18 | 10 | 0 | 1 | 0 |
| 30 Nov 17 | 9 | -1 | 1 | 0 |
| 31 Aug 17 | 10 | -1 | 1 | 0 |
| 31 May 17 | 10 | -1 | 1 | 0 |
| 28 Feb 17 | 10 | -1 | 1 | 0 |
| 30 Nov 16 | 10 | -1 | 1 | 0 |
| 31 Aug 16 | 11 | -1 | 1 | 0 |
| 31 May 16 | 11 | -1 | 1 | 0 |
| 29 Feb 16 | 11 | 0 | 1 | 0 |
| 30 Nov 15 | 11 | -1 | 1 | 0 |
| 31 Aug 15 | 10 | -1 | 1 | 0 |
| 31 May 15 | 9 | -1 | 1 | 0 |
| 28 Feb 15 | 7 | -1 | 1 | 0 |
| 30 Nov 14 | 5 | -1 | 1 | 0 |
| 31 Aug 14 | 4 | -1 | 1 | 0 |
| 31 May 14 | 3 | -1 | 1 | 0 |
| 28 Feb 14 | 3 | -1 | 1 | 0 |
| 30 Nov 13 | 3 | -1 | 1 | 0 |
| 31 Aug 13 | 2 | -1 | 1 | 0 |
Quality Earnings: LRDC is currently unprofitable.
Growing Profit Margin: LRDC is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: LRDC is unprofitable, and losses have increased over the past 5 years at a rate of 59.9% per year.
Accelerating Growth: Unable to compare LRDC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LRDC is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (45.4%).
Return on Equity
High ROE: LRDC's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.