Local Bounti Corporation (LOCL)
| Market Cap | 17.44M |
| Revenue (ttm) | 34.93M |
| Net Income (ttm) | -149.20M |
| Shares Out | 8.66M |
| EPS (ttm) | -17.87 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 6,746 |
| Open | 2.120 |
| Previous Close | 2.080 |
| Day's Range | 1.920 - 2.130 |
| 52-Week Range | 1.180 - 3.333 |
| Beta | 2.20 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | May 8, 2025 |
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 StatementsNews
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 releas...
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 t...
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 Exe...
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 ch...
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 ...
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 Executi...
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 sup...
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 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 ...
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")...
Local Bounti Chief Financial Officer Kathleen Valiasek Promoted to President and CFO
Added Role of President Reflects Ms. Valiasek's Impact on Improved Operating Efficiency HAMILTON, Mont.
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 not...
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 la...
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 O...
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...
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 i...
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 Corporation (LOCL) Q4 2023 Earnings Call Transcript
Local Bounti Corporation (LOCL) Q4 2023 Earnings Call Transcript
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...