Laredo Oil, Inc. is a management services company, which engages in the acquisition of mature oil fields and the recovery of stranded oil. The company was founded on March 31, 2008 and is headquartered in Golden, CO.
Company profile
Ticker
LRDC
Exchange
Website
CEO
Mark S. See
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Laredo Mining, Inc.
SEC CIK
LRDC stock data
Latest filings (excl ownership)
10-Q
2024 Q3
Quarterly report
19 Apr 24
NT 10-Q
Notice of late quarterly filing
15 Apr 24
8-K
Laredo Oil, Inc. Announces Agreement to Settle Litigation with A&S Minerals Development Company, LLC
12 Mar 24
8-K
Entry into a Material Definitive Agreement
25 Jan 24
10-Q
2024 Q2
Quarterly report
22 Jan 24
NT 10-Q
Notice of late quarterly filing
17 Jan 24
8-K
Other Events
21 Dec 23
8-K
Entry into a Material Definitive Agreement
12 Dec 23
10-Q
2024 Q1
Quarterly report
23 Oct 23
NT 10-Q
Notice of late quarterly filing
16 Oct 23
Latest ownership filings
Financial summary
Quarter (USD) | Aug 23 | May 23 | Feb 23 | Nov 22 | |
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Annual (USD) | May 23 | May 22 | May 21 | May 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 2.95 k | 2.95 k | 2.95 k | 2.95 k | 2.95 k | 2.95 k |
Cash burn (monthly) | 3.60 k | 9.48 k | 450.58 k | 266.19 k | 24.46 k | 109.30 k |
Cash used (since last report) | 27.95 k | 73.59 k | 3.50 mm | 2.07 mm | 189.89 k | 848.51 k |
Cash remaining | -25.00 k | -70.63 k | -3.49 mm | -2.06 mm | -186.94 k | -845.55 k |
Runway (months of cash) | -6.9 | -7.5 | -7.8 | -7.8 | -7.6 | -7.7 |