Local Bounti Corporation (LOCL)
| Market Cap | 19.75M |
| Revenue (ttm) | 26.80M |
| Net Income (ttm) | -87.84M |
| Shares Out | 8.23M |
| EPS (ttm) | -12.01 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,905 |
| Open | 2.46 |
| Previous Close | 2.40 |
| Day's Range | 2.40 - 2.46 |
| 52-Week Range | 2.38 - 42.64 |
| Beta | 1.49 |
| Analysts | Strong Buy |
| Price Target | 35.75 (+1,389.58%) |
| Earnings Date | Nov 9, 2023 |
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 2022, Local Bounti's revenue was $19.47 million, an increase of 2952.35% compared to the previous year's $638,000. Losses were -$111.07 million, 98.0% more than in 2021.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for LOCL stock is "Strong Buy." The 12-month stock price forecast is $35.75, which is an increase of 1,389.58% from the latest price.
News
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...
Local Bounti Receives Continued Listing Standard Notice from NYSE
HAMILTON, Mont. , March 3, 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...
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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...
Local Bounti Breaks Ground at New High-Tech Controlled Environment Agriculture Facility in Texas to Support Growing Demand
Currently operating the largest national distribution footprint in the industry, future operations in Texas signal Local Bounti's commitment to reduce food miles throughout the United States HAMILTON,...
Local Bounti Announces Third Quarter 2022 Financial Results
Third quarter revenue of $6.3 million, compared to $0.2 million in the prior year period Previously announced 5-year offtake agreement with Sam's Club for Local Bounti's leafy greens production Reaffi...
Local Bounti Announces Partnership with Sam's Club to Deliver Fresh Produce in New Regions
5-year offtake agreement for Local Bounti's leafy greens production HAMILTON, Mont. , Nov. 7, 2022 /PRNewswire/ --Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a br...
Local Bounti to Release Third Quarter 2022 Financial Results on Thursday, November 10, 2022
HAMILTON, Mont. , Nov. 3, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspec...
Local Bounti Announces PIPE Financing to Support Long-term Growth Strategy
Entered into Agreement for $23.3 million PIPE with Fidelity Management & Research Company, BNP Paribas and other existing investors including management HAMILTON, Mont. , Oct. 24, 2022 /PRNewswire/ --...
Local Bounti to Showcase New Restaurant Quality, Grab-And-Go Salads at IFPA Global Produce Show
IFPA attendees can sample and experience chef-inspired, grab-and-go salads utilizing Local Bounti's sustainably and locally grown lettuces HAMILTON, Mont. , Oct. 19, 2022 /PRNewswire/ -- Local Bounti ...
Local Bounti Launches Restaurant Quality, Grab-And-Go Salads with Longer-Lasting Lettuce
New premium salads use greens grown with innovative indoor farming technique, resulting in fresher, better-tasting, and longer-lasting meals HAMILTON, Mont. , Oct. 11, 2022 /PRNewswire/ -- Local Bount...
Local Bounti Named Global Sustainability Leader by Business Intelligence Group
Innovative Stack & Flow Technology™ Wins Award for Achieving Significant Sustainability Breakthroughs in Farming HAMILTON, Mont. , Sept. 6, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, L...