LRDC
Laredo Oil, Inc.0.8800
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
67.53MP/E (TTM)
-Basic EPS (TTM)
-0.04Dividend Yield
0%Recent Filings
10-Q
Q2 FY2026 results
Laredo Oil's Q2 FY2026 revenue dipped to $1,598 from $1,640 y/y, while six-month revenue fell to $3,141 from $7,688 y/y, but topline remains nominal amid exploration focus. Operating loss widened to $(3.0)M from $(0.7)M y/y and $(3.6)M six-month (derived), driven by $2.6M stock-based comp in G&A; net loss hit $(3.3)M or $(0.04) per share versus $(0.01) y/y, with EPS aligning to 76M diluted shares. Cash climbed to $569K from $249K at May 31, 2025, fueled by $1.1M stock sales offsetting $1.5M operating cash burn, no FCF as capex nil. Sold Hell Creek Crude Nov 15, 2025, shedding $273K net liabilities to additional paid-in capital. Debt totals ~$15M current liabilities. Ongoing litigation over Olfert well services poses collection risk.
10-Q
Q1 FY2026 results
Laredo Oil posted Q1 FY2026 revenue of $1,543, down sharply y/y from $6,048, amid ongoing Montana well evaluations. Operating loss widened to $691,718 from $664,311 y/y, driven by higher G&A to $561,807, yet net loss hit $952,074—wider by >20% than operating due to $276,319 interest expense, up from $133,643 on new debt discounts. Cash climbed to $416,900 from $277,367 q/q via $1,001,200 financing, mainly $1,189,300 promissory notes with warrants; operating cash used $861,667. Debt totals ~$14.9M liabilities dwarf $1.6M assets. Stockholders' deficit deepened to $13.3M. Ongoing litigation risks creditor claims.
10-K
FY2025 results
Laredo Oil posted FY2025 revenue of $9,423 from minimal oil and gas sales, down slightly y/y, while operating expenses fell to $3.33M from $3.43M, driven by $1M less stock-based comp but offset by higher legal fees and $654K impairment on the shut-in Reddig 11-21 well. Other income jumped with $300K from selling Hell Creek Crude working interest and $329K Texakoma payments, yet cash drained to $277K from $1.99M amid $4M debt load. Montana wells like Olfert 11-4 and Midfork stay shut-in due to water issues, stalling production. No quarterly breakdowns disclosed. Debt reliance persists. Oil prices fluctuate wildly.
8-K
Raises note facility to $1.5M
Laredo Oil entered a Note and Warrant Purchase Agreement on May 20, 2025, issuing subordinated notes totaling $825,000 principal at 12% interest, with warrants for 825,000 shares at $0.43 each. An amendment on June 4 raised the note cap to $1,500,000 while keeping warrants fixed, securing $354,750 upfront. Notes mature on demand after November 21, 2025. Restricted securities limit liquidity.
10-Q
Q3 FY2025 results
Laredo Oil posted Q3 revenue of $1,735, down sharply y/y from $12,701 (derived), with nine-month revenue at $9,423 versus $12,701 y/y (derived); operating loss widened to $(598,744) from $(550,607) y/y (derived) on lease expenses, while net loss narrowed to $(415,751) from $(266,861) thanks to $299,709 gain on asset sale. Cash dipped to $1.5M amid $3.5M operating burn, offset by $3.7M in equity raises and bridge notes; oil/gas assets ballooned to $3.6M on Montana drilling, but liabilities hit $17.4M including $3.1M debt. Investors poured $5.9M into well development for Lustre and Midfork fields. Ongoing vendor suits over Olfert well linger.
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