Local Bounti Corporation (LOCL)
| Market Cap | 25.73M |
| Revenue (ttm) | 27.56M |
| Net Income (ttm) | -124.02M |
| Shares Out | 8.44M |
| EPS (ttm) | -15.61 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 58,241 |
| Open | 2.580 |
| Previous Close | 2.610 |
| Day's Range | 2.580 - 3.333 |
| 52-Week Range | 1.170 - 8.697 |
| Beta | 2.66 |
| Analysts | Buy |
| Price Target | 20.00 (+555.74%) |
| Earnings Date | May 8, 2024 |
About LOCL
Local Bounti Corporation grows and packs fresh greens 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. [Read more]
Financial Performance
In 2023, Local Bounti's revenue was $27.56 million, an increase of 41.51% compared to the previous year's $19.47 million. Losses were -$124.02 million, 11.7% more than in 2022.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for LOCL stock is "Buy." The 12-month stock price forecast is $20.0, which is an increase of 555.74% from the latest price.
News
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, whi...
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,...
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 J...
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...
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...
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 ̶...
Local Bounti Announces Leadership Transition and Provides Business Update
Board of Directors Re-Appoints Co-Founder Craig Hurlbert as Chief Executive Officer Georgia Facility Doubled Run-rate Production in December Provides Update to Full Year 2023 Sales Expectation HAMILTO...
Local Bounti Announces Third Quarter 2023 Financial Results
Stack integration at Georgia facility complete, commenced operations in October 2023 Construction at Texas and Washington facilities remains on track Receives incremental financing commitments for wor...
Local Bounti to Release Third Quarter 2023 Financial Results on Monday, October 30, 2023
HAMILTON, Mont., Oct. 30, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of ver...
NYSE to Commence Delisting Proceedings with Respect to the Warrants of Local Bounti Corporation (LOCL WS)
NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the warrants of Local...
Local Bounti Announces Second Quarter 2023 Financial Results
Construction on track at Georgia, Texas and Washington facilities Reaffirms full year 2023 guidance of $34 to $40 million HAMILTON, Mont. , Aug. 9, 2023 /PRNewswire/ -- Local Bounti Corporation (NYS...
Local Bounti to Release Second Quarter 2023 Financial Results on Wednesday, August 9, 2023
HAMILTON, Mont. , July 26, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspe...
Local Bounti Becomes First Indoor Grower to Offer Salads with Chicken in Expansion of Popular Grab & Go Salad Kit Lineup
Artisanal Chicken Caesar and Memphis Style BBQ Chicken Salad Kits to be available at select grocery stores beginning in June HAMILTON, Mont. , May 31, 2023 /PRNewswire/ -- Local Bounti Corporation (N...
Local Bounti Announces Executive Transition, Names Anna Fabrega as CEO as Company Scales Sustainable Growing Technologies
Fabrega brings deep commercial and retail experience as former Freshly CEO and Amazon commerce executive Current Co-CEOs Craig Hurlbert and Travis Joyner to remain with the Company in leadership roles...
Local Bounti Announces First Quarter 2023 Financial Results
Reaffirms full year 2023 guidance of $34 to $40 million HAMILTON, Mont. , May 10, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough ...
Local Bounti Completes Sale-leaseback Transaction, Provides Approximately $35 Million of Non-Dilutive Cash
Sale-leaseback of its two California facilities provides financing to support the Company's growth plans HAMILTON, Mont. , May 3, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("...
Local Bounti to Release First Quarter 2023 Financial Results on Wednesday, May 10, 2023
HAMILTON, Mont. , April 27, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best asp...
Local Bounti Secures up to $145 Million of Additional Financing to Support Growth
Amended agreement with Cargill provides additional $110 million to fund construction at Georgia, Texas and Washington facilities Signs sale-leaseback transaction for $35 million HAMILTON, Mont. , Marc...
Local Bounti Announces Full Year 2022 Financial Results
Secures up to $145 million of new financing to support growth Financings provide $50 million of cash to the balance sheet for operations Provides full year 2023 sales guidance of $34 to $40 million HA...
Local Bounti Welcomes Jennifer Carr-Smith to its Board of Directors
HAMILTON, Mont. , March 21, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best asp...
Local Bounti Amends Credit Agreement to Provide Additional Flexibility and Provides Select Preliminary and Unaudited Fiscal 2022 Performance
Announces preliminary and unaudited fiscal 2022 sales of $19.5 million, adjusted gross margin* of 38%, net loss of $111.1 million, and adjusted EBITDA loss* of $29.8 million Company to hold fiscal 202...
Local Bounti to Release Fiscal Full Year 2022 Financial Results on Wednesday, March 29, 2023
HAMILTON, Mont. , March 17, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best asp...
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Local Bounti Introduces Asian Style Chicken Lettuce Wrap Kit Featuring Greenhouse-Grown Living Butter Lettuce
Premium lettuce wrap kit features living butter lettuce grown with innovative indoor agriculture method, offering consumers a fresh, restaurant quality meal at home in about five minutes HAMILTON, Mon...