Loncor Gold Inc Financials

LONCF

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Loncor Gold Inc (loncf) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

3/9

Loncor Gold Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.

Earnings Quality Low Quality

0.72x

For every $1 of reported earnings, Loncor Gold Inc generates $0.72 in operating cash flow (-$3.0M OCF vs -$4.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$4.2M

YoY+80.4%

Loncor Gold Inc reported -$4.2M in net income in fiscal year 2024. This represents an increase of 80.4% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$3.0M

YoY-18.9%

Loncor Gold Inc generated -$3.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 18.9% from the prior year.

Cash & Debt

$1.5M

YoY+134.3%

5Y CAGR+80.7%

Loncor Gold Inc held $1.5M in cash against $18K in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

155M

YoY+1.0%

5Y CAGR+10.2%

Loncor Gold Inc had 155M shares outstanding in fiscal year 2024. This represents an increase of 1.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-22.8%

YoY+75.8pp

5Y CAGR-16.7pp

Loncor Gold Inc's ROE was -22.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 75.8 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$35K

Loncor Gold Inc invested $35K in capex in fiscal year 2024, funding long-term assets and infrastructure.

LONCF Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$9K-18.2%	$11K+364.8%	$2K-74.6%	$9K-56.4%	$21K-39.6%	$35K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$4.2M+80.4%	-$21.3M-626.1%	-$2.9M+21.4%	-$3.7M-66.0%	-$2.2M-35.9%	-$1.7M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

LONCF Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$19.5M-19.8%	$24.4M-43.2%	$42.9M+6.4%	$40.3M+23.4%	$32.7M+10.1%	$29.7M
Current Assets	$2.7M-77.0%	$11.6M+924.8%	$1.1M+44.1%	$784K+50.9%	$520K+267.1%	$142K
Cash & Equivalents	$1.5M+134.3%	$640K+251.1%	$182K+18.2%	$154K-39.9%	$257K+230.3%	$78K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.1M+179.9%	$409K+13.5%	$360K+4.3%	$345K+45.9%	$237K+270.4%	$64K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.3M-53.9%	$2.8M+64.9%	$1.7M-14.8%	$2.0M+11.1%	$1.8M-24.9%	$2.4M
Current Liabilities	$1.3M-52.8%	$2.7M+61.4%	$1.7M-14.9%	$2.0M+22.2%	$1.6M-18.4%	$2.0M
Long-Term Debt	$18K-82.5%	$103K	$0	$0-100.0%	$160K-58.7%	$387K
Total Equity	$18.3M-15.4%	$21.6M-47.6%	$41.2M+7.5%	$38.3M+24.1%	$30.9M+13.2%	$27.3M
Retained Earnings	-$95.3M-4.6%	-$91.1M-30.4%	-$69.9M-4.4%	-$66.9M-5.9%	-$63.2M-3.7%	-$61.0M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Total Assets	$19.5M-19.8%	$24.4M-43.2%	$42.9M+6.4%	$40.3M+23.4%	$32.7M+10.1%	$29.7M+2.1%	$29.1M+4.1%	$27.9M
Current Assets	$2.7M-77.0%	$11.6M+924.8%	$1.1M+44.1%	$784K+50.9%	$520K+267.1%	$142K-79.8%	$701K+161.3%	$268K
Cash & Equivalents	$1.5M+134.3%	$640K+251.1%	$182K+18.2%	$154K-39.9%	$257K+230.3%	$78K-88.1%	$651K+3128.4%	$20K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.1M+179.9%	$409K+13.5%	$360K+4.3%	$345K+45.9%	$237K+270.4%	$64K+26.3%	$51K-71.2%	$176K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.3M-53.9%	$2.8M+64.9%	$1.7M-14.8%	$2.0M+11.1%	$1.8M-24.9%	$2.4M+204.5%	$784K-26.2%	$1.1M
Current Liabilities	$1.3M-52.8%	$2.7M+61.4%	$1.7M-14.9%	$2.0M+22.2%	$1.6M-18.4%	$2.0M+151.6%	$783K-21.3%	$995K
Long-Term Debt	$18K-82.5%	$103K	$0	$0-100.0%	$160K-58.7%	$387K	$0	N/A
Total Equity	$18.3M-15.4%	$21.6M-47.6%	$41.2M+7.5%	$38.3M+24.1%	$30.9M+13.2%	$27.3M-3.5%	$28.3M+5.3%	$26.9M
Retained Earnings	-$95.3M-4.6%	-$91.1M-30.4%	-$69.9M-4.4%	-$66.9M-5.9%	-$63.2M-3.7%	-$61.0M-2.8%	-$59.3M-1.1%	-$58.7M

LONCF Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$3.0M-17.5%	-$2.6M+8.8%	-$2.8M-56.5%	-$1.8M+13.3%	-$2.1M-135.8%	-$878K
Capital Expenditures	$35K	$0-100.0%	$3K-99.7%	$943K	$0	$0
Free Cash Flow	-$3.0M-18.9%	-$2.6M+8.9%	-$2.8M-2.7%	-$2.7M-32.2%	-$2.1M-135.8%	-$878K
Investing Cash Flow	$4.0M+133.3%	$1.7M+172.3%	-$2.4M+70.4%	-$8.0M-173.0%	-$2.9M-804.5%	-$325K
Financing Cash Flow	-$127K-109.7%	$1.3M-74.9%	$5.2M-46.4%	$9.7M+87.2%	$5.2M+723.4%	$630K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

LONCF Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	-22.8%+75.8pp	-98.6%-91.5pp	-7.1%+2.6pp	-9.7%-2.4pp	-7.3%-1.2pp	-6.0%
Return on Assets	-21.3%+66.0pp	-87.3%-80.5pp	-6.8%+2.4pp	-9.2%-2.4pp	-6.9%-1.3pp	-5.6%
Current Ratio	2.09-2.2	4.30+3.6	0.68+0.3	0.40+0.1	0.32+0.3	0.07
Debt-to-Equity	0.000.0	0.000.0	0.000.0	0.000.0	0.010.0	0.01
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.09-2.2	4.30+3.6	0.68+0.3	0.40+0.1	0.32+0.3	0.07-0.8	0.90+0.6	0.27
Debt-to-Equity	0.000.0	0.000.0	0.000.0	0.000.0	0.010.0	0.01+0.0	0.00-0.0	0.04
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is Loncor Gold Inc profitable?

No, Loncor Gold Inc (loncf) reported a net income of -$4.2M in fiscal year 2024.

How much debt does Loncor Gold Inc have?

As of fiscal year 2024, Loncor Gold Inc (loncf) had $1.5M in cash and equivalents against $18K in long-term debt.

What is Loncor Gold Inc's return on equity (ROE)?

Loncor Gold Inc (loncf) has a return on equity of -22.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Loncor Gold Inc's free cash flow?

Loncor Gold Inc (loncf) generated -$3.0M in free cash flow during fiscal year 2024. This represents a -18.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Loncor Gold Inc's operating cash flow?

Loncor Gold Inc (loncf) generated -$3.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Loncor Gold Inc's total assets?

Loncor Gold Inc (loncf) had $19.5M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Loncor Gold Inc's capital expenditures?

Loncor Gold Inc (loncf) invested $35K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Loncor Gold Inc have outstanding?

Loncor Gold Inc (loncf) had 155M shares outstanding as of fiscal year 2024.

What is Loncor Gold Inc's current ratio?

Loncor Gold Inc (loncf) had a current ratio of 2.09 as of fiscal year 2024, which is generally considered healthy.

What is Loncor Gold Inc's debt-to-equity ratio?

Loncor Gold Inc (loncf) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Loncor Gold Inc's return on assets (ROA)?

Loncor Gold Inc (loncf) had a return on assets of -21.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Loncor Gold Inc's cash runway?

Based on fiscal year 2024 data, Loncor Gold Inc (loncf) had $1.5M in cash against an annual operating cash burn of $3.0M. This gives an estimated cash runway of approximately 6 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Loncor Gold Inc's Piotroski F-Score?

Loncor Gold Inc (loncf) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Loncor Gold Inc's earnings high quality?

Loncor Gold Inc (loncf) has an earnings quality ratio of 0.72x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.