Local Bounti Corporation (LOCL)

Local Bounti Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	38.14	27.56	19.47	0.64	0.08
Revenue Growth (YoY)	38.40%	41.51%	2952.35%	678.05%	-
Cost of Revenue	34.05	25.34	16.22	0.43	0.09
Gross Profit	4.09	2.22	3.26	0.21	-0.01
Selling, General & Admin	40.77	64.56	78.28	41.5	6.83
Research & Development	22.29	16.09	14.06	3.43	1.08
Operating Expenses	63.06	80.65	92.34	44.92	7.91
Operating Income	-58.97	-78.43	-89.08	-44.72	-7.92
Interest Expense	-58.92	-25.75	-16.73	-6.62	-0.52
Other Non Operating Income (Expenses)	-2.82	0.16	0.19	0.31	0.04
EBT Excluding Unusual Items	-120.71	-104.02	-105.63	-51.03	-8.41
Merger & Restructuring Charges	-	-	-5.44	-	-
Impairment of Goodwill	-	-38.48	-	-	-
Other Unusual Items	0.81	18.48	-	-5.07	-
Pretax Income	-119.9	-124.02	-111.07	-56.09	-8.41
Net Income	-119.9	-124.02	-111.07	-56.09	-8.41
Net Income to Common	-119.9	-124.02	-111.07	-56.09	-8.41
Shares Outstanding (Basic)	8	8	7	4	4
Shares Outstanding (Diluted)	8	8	7	4	4
Shares Change (YoY)	6.75%	18.55%	64.71%	6.46%	-
EPS (Basic)	-14.14	-15.61	-16.57	-13.79	-2.20
EPS (Diluted)	-14.14	-15.61	-16.57	-13.79	-2.20
Free Cash Flow	-109.52	-195.42	-130.64	-49.77	-7.26
Free Cash Flow Per Share	-12.91	-24.60	-19.50	-12.23	-1.90
Gross Margin	10.72%	8.04%	16.73%	32.29%	-10.98%
Operating Margin	-154.62%	-284.61%	-457.45%	-7008.93%	-9660.98%
Profit Margin	-314.39%	-450.03%	-570.36%	-8792.01%	-10254.88%
Free Cash Flow Margin	-287.16%	-709.16%	-670.85%	-7801.57%	-8853.66%
EBITDA	-40.06	-65.3	-78.66	-44.03	-7.64
EBITDA Margin	-105.04%	-236.95%	-	-	-
D&A For EBITDA	18.91	13.13	10.43	0.68	0.29
EBIT	-58.97	-78.43	-89.08	-44.72	-7.92
EBIT Margin	-154.62%	-284.61%	-	-	-
Advertising Expenses	0.4	1.1	0.9	0.7	-

Updated Nov 14, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q