Laredo Oil, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.1K | $9.4K | $36.5K | $0 | $667.6K | $4.6M | $8.1M | $8.5M |
| Cost of Revenue | — | — | — | — | $1.3M | $4.8M | $8.0M | $8.3M |
| Gross Profit | $3.1K | $9.4K | $36.5K | — | $-618.6K | $-183.4K | $176.2K | $196.0K |
| Gross Margin | 100.0% | 100.0% | 100.0% | — | -92.7% | -4.0% | 2.2% | 2.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $4.9M | $1.8M | $2.9M | $2.0M | $1.2M | $119.4K | $75.0K | $77.9K |
| Operating Income | $-7.0M | $-2.6M | $-3.4M | $-7.1M | $-2.2M | $-682.7K | $-130.9K | $-112.5K |
| Operating Margin | -224,337.2% | -27,458.1% | -9,292.9% | — | -329.3% | -14.9% | -1.6% | -1.3% |
| Interest Expense | $888.9K | $489.9K | $510.8K | $509.8K | $136.1K | $52.2K | $36.1K | $33.6K |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | — | $0 | $0 | $0 |
| Net Income | $-8.0M | $-3.2M | $-2.9M | $-7.9M | $-895.8K | $-368.2K | $-166.9K | $-146.1K |
| Net Margin | -253,794.0% | -33,767.1% | -7,859.5% | — | -134.2% | -8.0% | -2.0% | -1.7% |
| EPS (Basic) | $-0.10 | $-0.04 | — | — | — | $-0.01 | $0.00 | $0.00 |
| EPS (Diluted) | $-0.10 | $-0.04 | — | — | — | $-0.01 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | 77.1M | 73.6M | 73.2M | 66.2M | 55.8M | 54.5M | 54.5M | 54.5M |
| Shares Outstanding (Diluted) | 77.1M | 73.6M | 73.2M | 66.2M | 55.8M | 54.5M | 54.5M | 54.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |