Costs control measures EBITDA Q1-24 = negative (US$3.6M)
EBITDA Q2-24 = negative (US$0.8M)
Despite the fact that its revenue went down 32% from US$42.2M in Q1-24 to $28.6M in Q2-24 the Largo’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) improved 78% from -($3.6M) to -($0.8M) in the same period. This is an indication that significant cost control measures were successfully implemented in Q2-24.
DYODD