Local Bounti Key Executives
This section highlights Local Bounti's key executives, including their titles and compensation details.
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Local Bounti Earnings
This section highlights Local Bounti's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q3 | 2024 | 2024-11-14 | $-2.78 | $-4.01 |
| Read Transcript | Q2 | 2024 | 2024-08-13 | $-3.19 | $-3.00 |
| Read Transcript | Q1 | 2024 | 2024-05-09 | $-2.76 | $-2.89 |
| Read Transcript | Q4 | 2023 | 2024-03-27 | $-3.18 | $-8.10 |
| Read Transcript | Q3 | 2023 | 2023-10-30 | $-3.25 | $-3.02 |
| Read Transcript | Q2 | 2023 | 2023-08-09 | $-3.07 | $-1.35 |
| Read Transcript | Q1 | 2023 | 2023-05-13 | N/A | N/A |
Local Bounti Corporation grows fresh greens and herbs in the United States. It produces lettuce, herbs, and loose-leaf lettuce. The company sells its products to food retailers and food service distributors. Local Bounti Corporation was founded in 2018 and is headquartered in Hamilton, Montana.
$2.02
Stock Price
$17.48M
Market Cap
301
Employees
Hamilton, MT
Location
Financial Statements
Access annual & quarterly financial statements for Local Bounti, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $27.56M | $19.47M | $638.00K | $82.00K | $- |
| Cost of Revenue | $25.34M | $17.26M | $432.00K | $91.00K | $- |
| Gross Profit | $2.22M | $2.21M | $206.00K | $-9.00K | $- |
| Gross Profit Ratio | 8.04% | 11.37% | 32.30% | -10.98% | 0.00% |
| Research and Development Expenses | $16.09M | $14.06M | $3.42M | $1.08M | $- |
| General and Administrative Expenses | $63.46M | $81.78M | $40.80M | $- | $- |
| Selling and Marketing Expenses | $1.10M | $900.00K | $700.00K | $- | $- |
| Selling General and Administrative Expenses | $64.56M | $82.68M | $41.50M | $6.83M | $3.37M |
| Other Expenses | $38.48M | $189.00K | $-4.76M | $-35.00K | $- |
| Operating Expenses | $119.13M | $96.74M | $44.92M | $7.88M | $3.37M |
| Cost and Expenses | $144.47M | $114.00M | $45.35M | $7.97M | $3.37M |
| Interest Income | $- | $16.73M | $6.62M | $522.00K | $39.00K |
| Interest Expense | $25.75M | $16.73M | $5.13M | $522.00K | $- |
| Depreciation and Amortization | $13.13M | $10.43M | $684.00K | $287.00K | $3.37M |
| EBITDA | $-85.14M | $-83.91M | $-50.28M | $-7.60M | $- |
| EBITDA Ratio | -308.95% | -484.43% | -7754.70% | -9268.29% | 0.00% |
| Operating Income | $-116.91M | $-94.53M | $-44.72M | $-7.92M | $-3.37M |
| Operating Income Ratio | -424.25% | -485.40% | -7008.93% | -9660.98% | 0.00% |
| Total Other Income Expenses Net | $-7.11M | $-16.55M | $-11.38M | $-487.00K | $-39.00K |
| Income Before Tax | $-124.02M | $-111.07M | $-56.09M | $-8.41M | $-3.41M |
| Income Before Tax Ratio | -450.03% | -570.36% | -8792.01% | -10254.88% | 0.00% |
| Income Tax Expense | $- | $-10.43M | $-309.00K | $522.00K | $-39.00K |
| Net Income | $-124.02M | $-100.64M | $-55.78M | $-8.93M | $-3.41M |
| Net Income Ratio | -450.03% | -516.81% | -8743.57% | -10891.46% | 0.00% |
| EPS | $-15.61 | $-12.62 | $-8.40 | $-2.36 | $-4.41 |
| EPS Diluted | $-15.61 | $-12.62 | $-8.40 | $-2.34 | $-4.41 |
| Weighted Average Shares Outstanding | 7.94M | 7.98M | 6.64M | 3.78M | 771.79K |
| Weighted Average Shares Outstanding Diluted | 7.94M | 7.98M | 6.64M | 3.82M | 771.79K |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.24M | $9.44M | $8.38M | $6.87M | $6.81M | $7.18M | $6.70M | $6.64M | $6.29M | $6.27M | $282.00K | $314.00K | $159.00K | $108.00K | $57.00K | $43.00K | $39.00K | $- | $- |
| Cost of Revenue | $8.83M | $8.09M | $9.62M | $8.29M | $6.41M | $6.33M | $6.42M | $5.72M | $5.01M | $6.28M | $234.00K | $151.00K | $155.00K | $81.00K | $45.00K | $83.00K | $8.00K | $- | $- |
| Gross Profit | $1.41M | $1.35M | $-1.24M | $-1.42M | $405.00K | $852.00K | $279.00K | $914.00K | $1.27M | $-12.00K | $48.00K | $163.00K | $4.00K | $27.00K | $12.00K | $-40.00K | $31.00K | $- | $- |
| Gross Profit Ratio | 13.80% | 14.30% | -14.80% | -20.70% | 5.90% | 11.90% | 4.17% | 13.80% | 20.20% | -0.20% | 17.00% | 51.90% | 2.50% | 25.00% | 21.10% | -93.02% | 79.49% | 0.00% | 0.00% |
| Research and Development Expenses | $7.10M | $4.52M | $2.69M | $3.23M | $5.00M | $3.53M | $3.58M | $5.13M | $3.02M | $3.07M | $1.95M | $852.00K | $1.42M | $723.00K | $432.00K | $721.00K | $358.00K | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $9.21M | $- | $16.70M | $- | $17.04M | $- | $23.14M | $- | $1.25M | $762.68K | $489.32K | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $1.10M | $- | $- | $- | $900.00K | $- | $- | $- | $700.00K | $3.51M | $2.47M | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $12.35M | $10.70M | $6.37M | $10.31M | $14.41M | $16.70M | $15.98M | $17.94M | $20.24M | $23.14M | $22.26M | $25.97M | $4.27M | $2.96M | $8.29M | $2.61M | $1.27M | $1.62M | $1.32M |
| Other Expenses | $- | $- | $37.00K | $1.00K | $83.00K | $23.00K | $- | $93.00K | $38.00K | $28.00K | $-30.00K | $5.25M | $-2.07M | $21.00K | $20.00K | $- | $- | $- | $- |
| Operating Expenses | $19.44M | $15.21M | $9.06M | $13.55M | $19.41M | $20.23M | $19.56M | $23.07M | $23.26M | $26.21M | $24.18M | $26.75M | $5.69M | $3.69M | $8.73M | $3.14M | $1.76M | $1.65M | $1.33M |
| Cost and Expenses | $28.27M | $23.31M | $18.68M | $21.84M | $25.81M | $26.56M | $25.98M | $28.79M | $28.27M | $32.49M | $24.41M | $26.90M | $5.84M | $3.77M | $8.77M | $3.22M | $1.77M | $1.65M | $1.33M |
| Interest Income | $- | $- | $- | $- | $7.11M | $6.47M | $- | $4.47M | $5.15M | $- | $- | $- | $- | $- | $- | $205.00K | $203.00K | $93.00K | $21.00K |
| Interest Expense | $18.31M | $12.50M | $9.61M | $7.87M | $7.11M | $6.47M | $4.30M | $4.47M | $5.15M | $5.46M | $1.64M | $381.00K | $3.08M | $1.27M | $405.00K | $- | $- | $- | $- |
| Depreciation and Amortization | $5.87M | $3.89M | $3.23M | $2.95M | $3.40M | $3.32M | $3.46M | $3.60M | $2.91M | $3.38M | $541.00K | $684.00K | $142.00K | $126.00K | $124.00K | $105.00K | $141.00K | $30.00K | $11.00K |
| EBITDA | $-10.15M | $-8.88M | $-11.21M | $-54.73M | $-13.75M | $-888.00K | $-15.77M | $-18.46M | $-19.04M | $-22.82M | $-23.59M | $-26.37M | $-5.54M | $-5.30M | $-8.59M | $-3.08M | $-1.60M | $-1.62M | $-1.32M |
| EBITDA Ratio | -99.07% | -94.02% | -84.35% | -175.01% | -277.81% | -269.46% | -235.44% | -332.33% | -349.24% | -363.97% | -8556.38% | -8789.17% | -4788.05% | -3250.93% | -15035.09% | -7174.42% | -4107.69% | 0.00% | 0.00% |
| Operating Income | $-18.03M | $-13.86M | $-10.30M | $-14.97M | $-19.00M | $-19.38M | $-19.28M | $-22.15M | $-21.99M | $-26.23M | $-24.13M | $-26.66M | $-5.68M | $-3.66M | $-8.71M | $-3.19M | $-1.74M | $-1.65M | $-1.33M |
| Operating Income Ratio | -176.05% | -146.82% | -122.86% | -218.02% | -279.03% | -269.78% | -287.82% | -333.73% | -349.85% | -418.34% | -8556.38% | -8491.08% | -3574.21% | -3387.04% | -15287.72% | -7418.60% | -4469.23% | 0.00% | 0.00% |
| Total Other Income Expenses Net | $-16.30M | $-11.40M | $-13.75M | $-6.30M | $-5.26M | $8.70M | $-4.25M | $-4.38M | $-5.12M | $-5.44M | $-1.61M | $-1.61M | $-5.15M | $-3.93M | $-684.00K | $-191.00K | $-190.00K | $-85.00K | $-21.00K |
| Income Before Tax | $-34.33M | $-25.27M | $-24.05M | $-65.55M | $-24.26M | $-10.68M | $-23.53M | $-26.53M | $-27.10M | $-31.66M | $-25.77M | $-28.27M | $-10.83M | $-7.59M | $-9.40M | $-3.38M | $-1.93M | $-1.74M | $-1.36M |
| Income Before Tax Ratio | -335.16% | -267.57% | -286.89% | -954.76% | -356.21% | -148.63% | -351.25% | -399.70% | -431.25% | -505.07% | -9139.01% | -9003.50% | -6813.84% | -7027.78% | -16487.72% | -7862.79% | -4956.41% | 0.00% | 0.00% |
| Income Tax Expense | $- | $- | $3.18M | $-22.12M | $7.11M | $6.47M | $- | $-3.60M | $5.12M | $5.49M | $1.64M | $-5.13K | $1.01M | $1.29M | $425.00K | $- | $- | $- | $- |
| Net Income | $-34.33M | $-25.27M | $-24.05M | $-65.55M | $-24.26M | $-10.68M | $-23.53M | $-22.93M | $-32.22M | $-31.66M | $-27.41M | $-28.27M | $-10.83M | $-7.59M | $-9.40M | $-3.38M | $-1.93M | $-1.74M | $-1.36M |
| Net Income Ratio | -335.16% | -267.57% | -286.89% | -954.76% | -356.21% | -148.63% | -351.25% | -345.50% | -512.65% | -505.07% | -9721.63% | -9003.50% | -6813.84% | -7027.78% | -16487.72% | -7862.79% | -4956.41% | 0.00% | 0.00% |
| EPS | $-4.01 | $-3.00 | $-2.89 | $-8.10 | $-3.02 | $-1.35 | $-3.04 | $-3.33 | $-4.69 | $-4.65 | $-4.40 | $-5.73 | $-2.87 | $-2.01 | $-2.49 | $-1.49 | $-2.50 | $-2.25 | $-1.76 |
| EPS Diluted | $-4.01 | $-3.00 | $-2.89 | $-8.10 | $-3.02 | $-1.35 | $-3.04 | $-3.33 | $-4.69 | $-4.65 | $-4.40 | $-5.73 | $-2.87 | $-2.01 | $-2.49 | $-1.47 | $-2.50 | $-2.25 | $-1.76 |
| Weighted Average Shares Outstanding | 8.56M | 8.41M | 8.33M | 8.09M | 8.02M | 7.93M | 7.73M | 6.88M | 6.87M | 6.82M | 6.23M | 4.94M | 3.78M | 3.78M | 3.78M | 2.28M | 771.79K | 771.79K | 771.79K |
| Weighted Average Shares Outstanding Diluted | 8.57M | 8.41M | 8.33M | 8.09M | 8.02M | 7.93M | 7.73M | 6.88M | 6.87M | 6.82M | 6.23M | 4.94M | 3.78M | 3.78M | 3.78M | 2.30M | 771.79K | 771.79K | 771.79K |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $10.33M | $13.67M | $96.66M | $45.00K | $2.14M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $10.33M | $13.67M | $96.66M | $45.00K | $2.14M |
| Net Receivables | $3.08M | $2.69M | $110.00K | $333.00K | $- |
| Inventory | $4.21M | $3.59M | $922.00K | $243.00K | $- |
| Other Current Assets | $9.37M | $5.76M | $7.82M | $7.00K | $8.00K |
| Total Current Assets | $26.99M | $34.10M | $105.51M | $628.00K | $2.15M |
| Property Plant Equipment Net | $313.34M | $157.98M | $37.41M | $8.42M | $3.74M |
| Goodwill | $- | $38.48M | $- | $- | $- |
| Intangible Assets | $41.35M | $47.27M | $- | $- | $- |
| Goodwill and Intangible Assets | $41.35M | $85.75M | $- | $- | $- |
| Long Term Investments | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $73.00K | $901.00K | $1.02M | $51.00K | $-3.74M |
| Total Non-Current Assets | $354.76M | $244.64M | $38.42M | $8.47M | $3.74M |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $381.75M | $278.74M | $143.93M | $9.10M | $5.89M |
| Account Payables | $14.64M | $13.76M | $1.91M | $176.00K | $147.00K |
| Short Term Debt | $97.00K | $168.00K | $28.00K | $50.00K | $- |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $-28.00K | $- | $- |
| Other Current Liabilities | $17.20M | $9.34M | $16.03M | $2.13M | $690.00K |
| Total Current Liabilities | $31.94M | $23.27M | $17.97M | $2.35M | $837.00K |
| Long Term Debt | $327.32M | $120.00M | $11.21M | $9.32M | $2.50M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $7.21M | $14.14M | $13.07M | $- | $- |
| Total Non-Current Liabilities | $334.54M | $134.14M | $24.28M | $9.32M | $2.50M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $366.48M | $157.41M | $42.25M | $11.67M | $3.33M |
| Preferred Stock | $- | $- | $- | $0 | $- |
| Common Stock | $1.00K | $10.00K | $9.00K | $1.00K | $1.00K |
| Retained Earnings | $-303.33M | $-179.31M | $-68.24M | $-12.15M | $-3.74M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $0 | $-0 | $- |
| Other Total Stockholders Equity | $318.60M | $300.64M | $169.92M | $9.58M | $6.29M |
| Total Stockholders Equity | $15.27M | $121.33M | $101.68M | $-2.57M | $2.55M |
| Total Equity | $15.27M | $121.33M | $101.68M | $-2.57M | $2.55M |
| Total Liabilities and Stockholders Equity | $381.75M | $278.74M | $143.93M | $9.10M | $5.89M |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $381.75M | $278.74M | $143.93M | $9.10M | $5.89M |
| Total Investments | $- | $- | $- | $- | $- |
| Total Debt | $327.42M | $120.08M | $11.20M | $154.00K | $2.50M |
| Net Debt | $317.10M | $106.42M | $-85.46M | $109.00K | $360.00K |
Balance Sheet Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $317.00K | $16.17M | $14.73M | $16.89M | $11.81M | $33.95M | $7.47M | $13.67M | $4.23M | $22.70M | $71.97M | $96.66M | $188.60K | $460.23K | $804.14K | $45.00K | $-2.14M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $4.27M |
| Cash and Short Term Investments | $317.00K | $16.17M | $14.73M | $16.89M | $11.81M | $33.95M | $7.47M | $13.67M | $4.23M | $22.70M | $71.97M | $96.66M | $188.60K | $460.23K | $804.14K | $45.00K | $2.14M |
| Net Receivables | $2.04M | $2.50M | $3.36M | $3.08M | $2.67M | $2.79M | $2.61M | $2.69M | $2.22M | $2.25M | $74.00K | $110.00K | $- | $- | $- | $333.00K | $- |
| Inventory | $6.55M | $5.47M | $4.96M | $4.21M | $4.49M | $4.25M | $3.85M | $3.59M | $3.78M | $3.11M | $1.26M | $922.00K | $630.00K | $411.00K | $434.00K | $243.00K | $- |
| Other Current Assets | $8.39M | $9.11M | $9.11M | $9.37M | $8.82M | $9.53M | $3.46M | $14.15M | $23.06M | $7.14M | $8.00M | $7.82M | $771.93K | $919.08K | $1.06M | $7.00K | $- |
| Total Current Assets | $17.30M | $26.77M | $25.67M | $26.99M | $27.79M | $50.52M | $17.39M | $34.10M | $33.28M | $50.21M | $81.31M | $105.51M | $960.53K | $1.38M | $1.87M | $628.00K | $2.14M |
| Property Plant Equipment Net | $371.78M | $368.71M | $344.27M | $313.34M | $268.29M | $231.06M | $197.14M | $157.98M | $140.52M | $123.79M | $44.26M | $37.41M | $22.22M | $16.26M | $9.37M | $8.42M | $- |
| Goodwill | $- | $- | $- | $- | $38.48M | $38.48M | $38.48M | $38.48M | $38.48M | $36.60M | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $38.68M | $39.57M | $40.46M | $41.35M | $42.25M | $43.92M | $45.60M | $47.27M | $48.95M | $52.92M | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $38.68M | $39.57M | $40.46M | $41.35M | $80.73M | $82.40M | $84.08M | $85.75M | $87.42M | $89.52M | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $275.01M | $275.01M | $275.00M | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $3.06M | $3.06M | $3.01M | $73.00K | $674.00K | $25.00K | $24.00K | $901.00K | $903.00K | $906.00K | $905.00K | $1.02M | $-22.22M | $-16.26M | $-9.37M | $51.00K | $-2.14M |
| Total Non-Current Assets | $413.51M | $411.33M | $387.74M | $354.76M | $349.69M | $313.49M | $281.24M | $244.64M | $228.85M | $214.22M | $45.17M | $38.42M | $275.01M | $275.01M | $275.00M | $8.47M | $-2.14M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $430.81M | $438.10M | $413.41M | $381.75M | $377.48M | $364.01M | $298.63M | $278.74M | $262.13M | $264.43M | $126.48M | $143.93M | $275.97M | $276.39M | $276.87M | $9.10M | $- |
| Account Payables | $16.36M | $13.74M | $12.78M | $14.64M | $9.04M | $9.04M | $21.85M | $13.76M | $8.10M | $5.17M | $7.43M | $1.91M | $1.85M | $1.89M | $1.13M | $176.00K | $- |
| Short Term Debt | $13.62M | $6.92M | $76.00K | $194.00K | $91.00K | $124.00K | $81.00K | $84.00K | $126.00K | $142.00K | $222.00K | $28.00K | $- | $- | $- | $50.00K | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $-1 | $- | $- | $- | $- | $- | $- | $-71.00K | $- | $-28.00K | $- | $-10.75M | $-9.61M | $- | $- |
| Other Current Liabilities | $23.15M | $22.82M | $19.34M | $17.11M | $15.62M | $17.31M | $10.06M | $9.43M | $6.65M | $4.22M | $6.64M | $16.03M | $-1.37M | $-1.76M | $-999.60K | $2.13M | $- |
| Total Current Liabilities | $53.12M | $43.49M | $32.19M | $31.94M | $24.75M | $26.48M | $31.99M | $23.27M | $14.87M | $9.53M | $14.29M | $17.97M | $477.72K | $133.83K | $132.40K | $2.35M | $- |
| Long Term Debt | $385.22M | $417.15M | $379.27M | $327.32M | $266.15M | $179.56M | $122.59M | $134.14M | $113.67M | $105.28M | $11.26M | $11.21M | $59.50M | $12.43M | $21.43M | $9.32M | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $58.08M | $10.30M | $11.39M | $7.21M | $8.78M | $59.69M | $39.88M | $- | $14.24M | $14.19M | $13.98M | $13.07M | $-41.53M | $9.77M | $-4.06M | $- | $- |
| Total Non-Current Liabilities | $443.30M | $427.45M | $390.66M | $334.54M | $274.93M | $239.25M | $162.47M | $134.14M | $127.91M | $119.47M | $25.24M | $24.28M | $17.97M | $22.19M | $17.37M | $9.32M | $- |
| Other Liabilities | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1 | $1 | $- | $- |
| Total Liabilities | $496.43M | $470.94M | $422.85M | $366.48M | $299.68M | $265.73M | $194.46M | $157.41M | $142.78M | $128.99M | $39.53M | $42.25M | $18.44M | $22.33M | $17.50M | $11.67M | $- |
| Preferred Stock | $- | $- | $- | $0 | $- | $0 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $0 | $- |
| Common Stock | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $10.00K | $10.00K | $9.00K | $9.00K | $9.00K | $9.00K | $275.00M | $249.06M | $254.37M | $1.00K | $- |
| Retained Earnings | $-386.97M | $-352.64M | $-327.38M | $-303.33M | $-237.77M | $-213.52M | $-202.84M | $-179.31M | $-152.78M | $-125.68M | $-94.01M | $-68.24M | $-17.47M | $-4.31M | $998.09K | $-12.15M | $- |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $-0 | $- | $-0 | $- | $- | $- | $0 | $- | $0 | $-0 | $- | $- | $-0 | $2.55M |
| Other Total Stockholders Equity | $321.36M | $319.81M | $317.93M | $318.60M | $315.57M | $311.80M | $307.00M | $300.64M | $272.12M | $261.11M | $180.96M | $169.92M | $- | $9.31M | $4.00M | $9.58M | $- |
| Total Stockholders Equity | $-65.61M | $-32.84M | $-9.45M | $15.27M | $77.80M | $98.28M | $104.17M | $121.33M | $119.35M | $135.44M | $86.95M | $101.68M | $257.53M | $254.06M | $259.36M | $-2.57M | $2.55M |
| Total Equity | $-65.61M | $-32.84M | $-9.45M | $15.27M | $77.80M | $98.28M | $104.17M | $121.33M | $119.35M | $135.44M | $86.95M | $101.68M | $257.53M | $254.06M | $259.36M | $-2.57M | $2.55M |
| Total Liabilities and Stockholders Equity | $430.81M | $438.10M | $413.41M | $381.75M | $377.48M | $364.01M | $298.63M | $278.74M | $262.13M | $264.43M | $126.48M | $143.93M | $275.97M | $276.39M | $276.87M | $9.10M | $2.55M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $430.81M | $438.10M | $413.41M | $381.75M | $377.48M | $364.01M | $298.63M | $278.74M | $262.13M | $264.43M | $126.48M | $143.93M | $275.97M | $276.39M | $276.87M | $9.10M | $2.55M |
| Total Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $275.01M | $275.01M | $275.00M | $- | $4.27M |
| Total Debt | $398.84M | $424.08M | $379.37M | $327.42M | $217.18M | $179.62M | $122.67M | $120.08M | $113.73M | $105.35M | $11.37M | $11.20M | $59.50M | $50.32M | $29.91M | $9.37M | $- |
| Net Debt | $398.52M | $407.90M | $364.64M | $310.53M | $205.37M | $145.67M | $115.20M | $106.42M | $109.50M | $82.64M | $-60.61M | $-85.46M | $59.31M | $49.86M | $29.10M | $9.32M | $2.14M |
Annual Cash Flow
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $-124.02M | $-111.07M | $-56.09M | $-8.41M | $-3.41M |
| Depreciation and Amortization | $13.13M | $10.43M | $684.00K | $287.00K | $- |
| Deferred Income Tax | $- | $- | $942.00K | $-4.28M | $- |
| Stock Based Compensation | $16.27M | $39.17M | $17.89M | $3.29M | $1.94M |
| Change in Working Capital | $5.11M | $5.44M | $9.49M | $989.00K | $198.00K |
| Accounts Receivables | $-392.00K | $-643.00K | $193.00K | $-333.00K | $- |
| Inventory | $-678.00K | $-88.00K | $-652.00K | $-243.00K | $- |
| Accounts Payables | $-66.00K | $2.12M | $1.74M | $29.00K | $- |
| Other Working Capital | $6.24M | $4.05M | $8.21M | $1.54M | $198.00K |
| Other Non Cash Items | $56.35M | $7.23M | $6.97M | $4.28M | $147.00K |
| Net Cash Provided by Operating Activities | $-33.16M | $-48.81M | $-20.11M | $-3.84M | $-1.12M |
| Investments in Property Plant and Equipment | $-162.26M | $-81.83M | $-29.67M | $-3.42M | $-3.74M |
| Acquisitions Net | $- | $-90.55M | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $-25.81M | $- | $- | $- |
| Net Cash Used for Investing Activities | $-162.26M | $-172.38M | $-29.67M | $-3.42M | $-3.74M |
| Debt Repayment | $152.61M | $124.65M | $42.14M | $5.25M | $2.50M |
| Common Stock Issued | $- | $23.30M | $137.53M | $- | $- |
| Common Stock Repurchased | $-3.00K | $- | $- | $-80.00K | $- |
| Dividends Paid | $- | $- | $-27.32M | $- | $- |
| Other Financing Activities | $34.77M | $20.41M | $-1.54M | $- | $4.50M |
| Net Cash Used Provided by Financing Activities | $187.38M | $145.05M | $150.81M | $5.17M | $7.00M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $-8.04M | $-76.14M | $101.03M | $-2.09M | $2.14M |
| Cash at End of Period | $16.89M | $24.94M | $101.08M | $45.00K | $2.14M |
| Cash at Beginning of Period | $24.94M | $101.08M | $45.00K | $2.14M | $- |
| Operating Cash Flow | $-33.16M | $-48.81M | $-20.11M | $-3.84M | $-1.12M |
| Capital Expenditure | $-162.26M | $-81.83M | $-29.67M | $-3.42M | $-3.74M |
| Free Cash Flow | $-195.42M | $-130.64M | $-49.77M | $-7.26M | $-4.86M |
Cash Flow Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-34.33M | $-25.27M | $-24.05M | $-65.55M | $-24.26M | $-10.68M | $-23.53M | $-26.53M | $-27.10M | $-31.66M | $-25.77M | $-28.27M | $-10.83M | $-7.59M | $-9.40M | $-3.38M | $-1.93M | $-1.74M | $-1.36M |
| Depreciation and Amortization | $5.87M | $3.89M | $3.23M | $2.95M | $3.40M | $3.32M | $3.46M | $3.60M | $2.91M | $3.38M | $541.00K | $292.00K | $142.00K | $126.00K | $124.00K | $105.00K | $141.00K | $30.00K | $11.00K |
| Deferred Income Tax | $- | $- | $- | $-7.90M | $-472.00K | $-14.72M | $- | $- | $- | $- | $- | $945.00K | $- | $- | $-33.00K | $- | $- | $- | $- |
| Stock Based Compensation | $1.39M | $1.65M | $-934.00K | $2.62M | $3.27M | $4.43M | $5.96M | $5.55M | $10.91M | $11.70M | $11.01M | $12.95M | $- | $- | $4.94M | $825.00K | $823.00K | $825.00K | $822.00K |
| Change in Working Capital | $4.87M | $2.70M | $-1.82M | $2.44M | $-394.00K | $-2.16M | $5.21M | $1.93M | $2.17M | $-2.37M | $3.72M | $9.07M | $-237.00K | $-183.00K | $843.00K | $2.61M | $-462.00K | $-1.50M | $307.00K |
| Accounts Receivables | $482.00K | $889.00K | $-281.00K | $-412.00K | $126.00K | $-182.00K | $76.00K | $-575.00K | $24.00K | $-129.00K | $44.00K | $278.00K | $-57.00K | $-302.00K | $274.00K | $394.00K | $466.00K | $-1.19M | $- |
| Inventory | $- | $-503.00K | $-973.00K | $606.00K | $-309.00K | $-691.00K | $-284.00K | $-90.00K | $-616.00K | $959.00K | $-341.00K | $-282.00K | $-194.00K | $-10.00K | $-166.00K | $-58.00K | $-117.00K | $-68.00K | $- |
| Accounts Payables | $3.60M | $545.00K | $969.00K | $427.00K | $-1.33M | $271.00K | $571.00K | $-3.00M | $2.80M | $-301.00K | $2.62M | $64.00K | $792.00K | $-74.00K | $955.00K | $- | $- | $- | $- |
| Other Working Capital | $787.00K | $1.77M | $-1.53M | $1.82M | $1.12M | $-1.55M | $4.85M | $5.59M | $-39.00K | $-2.90M | $1.39M | $9.01M | $-778.00K | $203.00K | $-220.00K | $2.28M | $-811.00K | $-236.00K | $307.00K |
| Other Non Cash Items | $5.00M | $13.03M | $22.30M | $58.28M | $8.55M | $11.54M | $1.07M | $3.85M | $854.00K | $1.85M | $417.00K | $185.00K | $3.37M | $3.15M | $299.00K | $-352.00K | $22.00K | $-322.00K | $681.00K |
| Net Cash Provided by Operating Activities | $-17.21M | $-4.00M | $-7.08M | $-7.17M | $-9.90M | $-8.26M | $-7.83M | $-11.60M | $-10.27M | $-16.64M | $-10.09M | $-4.83M | $-7.56M | $-4.50M | $-3.22M | $-191.00K | $-1.41M | $-2.70M | $465.00K |
| Investments in Property Plant and Equipment | $-12.80M | $-24.84M | $-34.98M | $-45.02M | $-41.05M | $-43.50M | $-32.69M | $-15.16M | $-41.21M | $-10.79M | $-14.67M | $-15.47M | $-6.11M | $-7.02M | $-1.07M | $301.00K | $-69.00K | $-1.27M | $-2.38M |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $841.00K | $-91.39M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $275.00M | $- | $- | $-275.00M | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $- | $- | $- | $- | $- | $25.81M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $-12.80M | $-24.84M | $-34.98M | $-45.02M | $-41.05M | $-43.50M | $-32.69M | $-15.16M | $-14.55M | $-128.00M | $-14.67M | $-15.47M | $-6.11M | $-7.02M | $-1.07M | $301.00K | $-69.00K | $-1.27M | $-2.38M |
| Debt Repayment | $20.65M | $30.29M | $39.90M | $50.75M | $28.87M | $49.95M | $23.05M | $5.30M | $7.52M | $111.88M | $71.00K | $- | $6.29M | $15.31M | $- | $-78.00K | $685.00K | $7.15M | $343.00K |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-145.47M | $- | $- | $276.93M | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $3.00K | $- | $-3.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-69.00K | $- | $-11.00K | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-27.32M | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $- | $-4.00K | $- | $- | $- | $34.77M | $- | $22.41M | $-51.00K | $-2.34M | $- | $106.59M | $-979.00K | $1.99M | $-255.33M | $- | $- | $-2.85M | $- |
| Net Cash Used Provided by Financing Activities | $20.65M | $30.28M | $39.90M | $50.75M | $28.87M | $84.72M | $23.05M | $27.71M | $7.52M | $109.54M | $71.00K | $-126.12M | $5.31M | $17.30M | $276.93M | $-147.00K | $685.00K | $4.29M | $343.00K |
| Effect of Forex Changes on Cash | $- | $- | $- | $29.64M | $- | $-29.64M | $- | $- | $- | $- | $- | $14.75M | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-9.37M | $1.44M | $-2.16M | $-1.44M | $-22.09M | $32.96M | $-17.47M | $957.00K | $-17.30M | $-35.10M | $-24.69M | $86.28M | $-8.35M | $5.79M | $17.31M | $-37.00K | $-793.00K | $312.00K | $-1.57M |
| Cash at End of Period | $6.81M | $16.17M | $14.73M | $16.89M | $18.34M | $40.43M | $7.47M | $24.94M | $23.98M | $41.29M | $76.39M | $101.08M | $14.79M | $23.14M | $17.36M | $45.00K | $82.00K | $875.00K | $563.00K |
| Cash at Beginning of Period | $16.17M | $14.73M | $16.89M | $18.34M | $40.43M | $7.47M | $24.94M | $23.98M | $41.29M | $76.39M | $101.08M | $14.79M | $23.14M | $17.36M | $45.00K | $82.00K | $875.00K | $563.00K | $2.14M |
| Operating Cash Flow | $-17.21M | $-4.00M | $-7.08M | $-7.17M | $-9.90M | $-8.26M | $-7.83M | $-11.60M | $-10.27M | $-16.64M | $-10.09M | $-4.83M | $-7.56M | $-4.50M | $-3.22M | $-191.00K | $-1.41M | $-2.70M | $465.00K |
| Capital Expenditure | $-12.80M | $-24.84M | $-34.98M | $-45.02M | $-41.05M | $-43.50M | $-32.69M | $-15.16M | $-41.21M | $-10.79M | $-14.67M | $-15.47M | $-6.11M | $-7.02M | $-1.07M | $301.00K | $-69.00K | $-1.27M | $-2.38M |
| Free Cash Flow | $-30.02M | $-28.84M | $-42.07M | $-52.19M | $-50.96M | $-51.76M | $-40.52M | $-26.75M | $-51.48M | $-27.44M | $-24.76M | $-20.30M | $-13.67M | $-11.51M | $-4.29M | $110.00K | $-1.48M | $-3.98M | $-1.92M |
Local Bounti Dividends
Explore Local Bounti's dividend history, including dividend yield, payout ratio, and historical payments.
Local Bounti News
Read the latest news about Local Bounti, including recent articles, headlines, and updates.
Local Bounti to Release Full Year 2024 Financial Results on Monday, March 31, 2025
HAMILTON, Mont. , March 28, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal full year ended December 31, 2024 after the market closes on Monday, March 31, 2025.
Local Bounti Announces Multi-Year Award with Large Multinational Retailer
New distribution underscores Local Bounti's customer-centric approach and commercial momentum HAMILTON, Mont. , Dec. 16, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it has received a two-year award from a large multinational retailer (the "Retailer") to supply Local Bounti's living butter lettuce product to 13 of the Retailer's distribution centers from Local Bounti's California and new Texas facilities.
Local Bounti Corporation (LOCL) Q3 2024 Earnings Call Transcript
Local Bounti Corporation (NYSE:LOCL ) Q3 2024 Earnings Conference Call November 14, 2024 8:00 AM ET Company Participants Jeff Sonnek - Investor Relations, ICR Craig Hurlbert - Co-Founder and Chief Executive Officer Kathleen Valiasek - President and Chief Financial Officer Conference Call Participants Kristen Owen - Oppenheimer & Co. Inc. Benjamin Klieve - Lake Street Capital Markets Operator Good morning, and welcome to Local Bounti's Third Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.
Local Bounti Announces Third Quarter 2024 Financial Results
Commercial momentum accelerating with expanded product assortment and increased growing capacity Increased scale driving strategic discussions with customers to align respective footprints for next chapter of growth HAMILTON, Mont. , Nov. 14, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced its financial results for the quarter ended September 30, 2024 and provided expectations for fourth quarter 2024.
Local Bounti to Release Third Quarter 2024 Financial Results on Thursday, November 14, 2024
HAMILTON, Mont., Nov. 11, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal third quarter ended September 30, 2024 before the market opens on Thursday, November 14, 2024.
Local Bounti Corporation (LOCL) Q2 2024 Earnings Call Transcript
Local Bounti Corporation (NYSE:LOCL ) Q2 2024 Earnings Conference Call August 13, 2024 8:00 AM ET Company Participants Jeff Sonnek - Investor Relations, ICR Craig Hurlbert - Co-Founder & Chief Executive Officer Kathleen Valiasek - President & Chief Financial Officer Conference Call Participants Kristen Owen - Oppenheimer & Company Ben Klieve - Lake Street Capital Markets Scott Fortune - ROTH Capital Markets Operator Good morning, and welcome to the Local Bounti Second Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.
Local Bounti Announces Second Quarter 2024 Financial Results
Recently began shipping to Sam's Club and Brookshire's out of Texas facility Negotiating an additional $175 million financing commitment for a total of up to $400 million in capital commitments to support 2024 and future projects including working capital and strategic growth capital — anticipate closing in third quarter of 2024 Reiterates full year 2024 sales guidance of $50 to $60 million, representing a doubling of revenue versus 2023 HAMILTON, Mont. , Aug. 13, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced its financial results for the quarter ended June 30, 2024 and reiterated full year 2024 guidance.
Local Bounti Now Shipping Product to Brookshire Grocery Company
Expanded distribution brings Local Bounti's full assortment of product offerings to more than 180 BGC locations HAMILTON, Mont. , Aug. 12, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it is now shipping to Brookshire Grocery Company ("BGC") locations from its new Mount Pleasant, Texas facility.
Local Bounti to Release Second Quarter 2024 Financial Results on Tuesday, August 13, 2024
HAMILTON, Mont. , Aug. 9, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal second quarter ended June 30, 2024 before the market opens on Tuesday, August 13, 2024.
Local Bounti Expands Distribution with Sam's Club
Now also Supplying Sam's Club from Local Bounti's Recently Opened Texas Facility HAMILTON, Mont. , July 22, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it has expanded distribution with its customer, Sam's Club, for its leafy greens production with service commencing from the Company's recently opened CEA facility in Mount Pleasant, Texas.
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Local Bounti Announces NYSE Acceptance of Plan to Regain Listing Compliance
HAMILTON, Mont. , June 20, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, announced today it received notification (the "Acceptance Letter") from the New York Stock Exchange ("NYSE") that the NYSE has accepted the Company's previously-submitted plan (the "Plan") to regain compliance with the NYSE's continued listing standards.
Local Bounti to Mark Opening of New High-Tech Controlled Environment Agriculture Facility in Mount Pleasant, Texas with Ribbon Cutting Ceremony
Expected to create approximately 50 jobs in the Mount Pleasant area Innovative CEA facility combines vertical and greenhouse technologies to grow sustainable produce year-round using less water and land HAMILTON, Mont. , May 16, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, announced today it will hold a ribbon cutting ceremony on Tuesday, June 18, 2024 from 1:00 to 4:00 pm local time to mark the official opening of its latest state-of-the-art controlled environment agriculture (CEA) facility in Mount Pleasant, Texas.
Local Bounti Corporation (LOCL) Q1 2024 Earnings Call Transcript
Local Bounti Corporation (NYSE:LOCL ) Q1 2024 Earnings Conference Call May 9, 2024 8:00 AM ET Company Participants Jeff Sonnek - Investor Relations, ICR Craig Hurlbert - Co-Founder & Chief Executive Officer Kathleen Valiasek - Chief Financial Officer Conference Call Participants Kristen Owen - Oppenheimer Ben Klieve - Lake Street Capital Markets Operator Good morning and welcome to Local Bounti's First Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.
Local Bounti Announces First Quarter 2024 Financial Results
First customer deliveries from Washington and Texas facilities shipping in second quarter Expands penetration in Pacific Northwest and Texas with new retail customers, including Albertsons Seattle and Brookshire's Expected to close on $228 million of financing commitments in the second quarter to support 2024 projects — including additional capacity at existing facilities and building of a new greenfield facility in the Midwest Grab-and-Go Salad Kits gaining distribution momentum Provides full year 2024 sales guidance of $50 to $60 million, representing a doubling of revenue versus 2023 HAMILTON, Mont. , May 9, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced its financial results for the three months ended March 31, 2024 and provided initial full year 2024 guidance.
Local Bounti to Release First Quarter 2024 Financial Results on Thursday, May 9, 2024
HAMILTON, Mont. , May 6, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal first quarter ended March 31, 2024 before the market opens on Thursday, May 9, 2024.
Local Bounti to Mark Opening of New High-Tech Controlled Environment Agriculture Facility in Pasco, Washington with Ribbon Cutting Ceremony
Innovative CEA facility combines vertical and greenhouse technologies to grow sustainable produce year-round using 90% less water and land Enhances rapidly growing national distribution footprint, which is the largest in the CEA industry Expected to create more than 40 jobs in the Tri-Cities region HAMILTON, Mont. , April 23, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, announced today that it will mark the opening of its new controlled environment agriculture (CEA) facility in Pasco, Washington with a ribbon cutting ceremony on Tuesday, May 7, 2024, from 1:00 to 4:00 pm local time.
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Local Bounti Receives Continued Listing Standard Notice from NYSE
HAMILTON, Mont., April 5, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that on April 3, 2024, it received a notice (the "Notice") from the New York Stock Exchange (the "NYSE") that it is not in compliance with the NYSE continued listing standards set forth in Section 802.01B of the NYSE Listed Company Manual (the "Minimum Market Capitalization Standard") due to the fact that the Company's average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its stockholders' equity was less than $50 million.
Local Bounti Announces Full Year 2023 Financial Results
Georgia facility demonstrating further improvement year-to-date — packed pounds increased 50% versus December 2023 and 3x versus a year ago Commenced operations at Washington and Texas facilities in January, expect to begin shipping product to customers in the second quarter 2024 Expected to close on $228 million of financing commitments in the second quarter to support 2024 projects — including additional capacity at existing facilities and building of a new greenfield facility in the Midwest Announces national expansion of Grab-and-Go Salad Kits Montana facility to transition from R&D to commercial production mid-year to support increased customer demand and revenue and EBITDA goals Received patent for proprietary Stack & Flow Technology® Preliminary first quarter 2024 revenue grew 22% sequentially to approximately $8.4 million HAMILTON, Mont. , March 27, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced its financial results for the three and twelve months ended December 31, 2023 and provided preliminary first quarter 2024 sales results.
Local Bounti to Release Full Year 2023 Financial Results on Wednesday, March 27, 2024
HAMILTON, Mont., March 26, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal full year ended December 31, 2023 before the market opens on Wednesday, March 27, 2024.
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Local Bounti Receives Patent for Stack & Flow Technology®
HAMILTON, Mont. , Feb. 21, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, announced today that the United States Patent and Trademark Office issued a patent to the Company on February 13, 2024 for its proprietary Stack & Flow Technology.
Local Bounti Amends Cargill Credit Facility and Receives Funds for Working Capital
Company receives $15 million in cash from Cargill as part of amended credit facility New facilities begin to ramp ̶ Washington seeded and Texas expected to commence seeding by end of January 2024 ̶ provides capacity for new product introductions to support long-term revenue diversification and expansion HAMILTON, Mont. , Jan. 24, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it has secured additional cash to fund working capital as part of its amended credit facility with Cargill Financial Services International, Inc. ("Cargill").
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