Recovers stranded oil from mature fields using underground gravity drainage.
May 2026Revenue $3.14K/yrExpenses $7.05M/yr
No trendCash runway ≈ 2 months from May 2026
Figures by year
When will Laredo Oil be profitable?
Its figures don’t show a steady enough trend to project a date. In the 12 months to May 2026, revenue was $3.14K and expenses $7.05M.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| May 2026 | $3.14K | $7.05M | −$7.05M |
| May 2025 | $9.42K | $2.60M | −$2.59M |
| May 2024 | $36.5K | $3.43M | −$3.39M |
| May 2023 | $0.00 | $7.12M | −$7.12M |
| May 2022 | $668K | $2.87M | −$2.20M |
| May 2021 | $4.59M | $5.28M | −$683K |
| May 2020 | $8.15M | $8.28M | −$131K |
| May 2019 | $8.48M | $8.59M | −$113K |
| May 2018 | $9.36M | $9.24M | $118K |
| May 2017 | $9.82M | $10.8M | −$934K |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.