Local Bounti Corporation

LOCL

US53960E2054

Fishing & Farming

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
2.95 ^USD	-1.67%		+18.39%	+42.51%

Apr. 23	Local Bounti Corporation Announces to Mark Opening of New High-Tech Controlled Environment Agriculture Facility in Pasco, Washington	CI
Mar. 27	Transcript : Local Bounti Corporation, 2023 Earnings Call, Mar 27, 2024

Local Bounti Corporation Reports Earnings Results for the Full Year Ended December 31, 2023

March 27, 2024 at 07:46 am EDT

Local Bounti Corporation reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 27.56 million compared to USD 19.47 million a year ago. Net loss was USD 124.02 million compared to USD 111.07 million a year ago.

Basic loss per share from continuing operations was USD 15.61 compared to USD 16.57 a year ago.

Latest news about Local Bounti Corporation

Local Bounti Corporation Announces to Mark Opening of New High-Tech Controlled Environment Agriculture Facility in Pasco, Washington	Apr. 23	CI
Transcript : Local Bounti Corporation, 2023 Earnings Call, Mar 27, 2024	Mar. 27
Local Bounti Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 27	CI
Earnings Flash (LOCL) LOCAL BOUNTI Reports Q4 Revenue $6.9M	Mar. 27	MT
Local Bounti Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Mar. 27	CI
Local Bounti Corporation Reports Sales Results for the First Quarter of 2024	Mar. 27	CI
Local Bounti Corporation Plans to Built Next High-Tech Stack & Flow CEA Facility in the Midwestern U.S.; Intents to Expand Capacity at Existing Facilities in 2024	Mar. 27	CI
Local Bounti Corporation Reports Impairment Charges for the Fourth Quarter Ended December 31, 2023	Mar. 27	CI
North American Morning Briefing : Stocks Edge -2-	Mar. 27	DJ
Local Bounti Receives Patent for Stack & Flow Technology®	Feb. 21	CI
Oppenheimer Adjusts Local Bounti Price Target to $6 From $12, Maintains Outperform Rating	Jan. 24	MT
Local Bounti Corporation Announces Executive Changes	Dec. 15	CI
Local Bounti Corporation Appoints Craig Hurlbert as the Principal Executive Officer	Dec. 15	CI
Sector Update: Consumer Stocks Gain Late Tuesday Afternoon	Nov. 07	MT
Sector Update: Consumer	Nov. 07	MT
Local Bounti Shares Rise After CFO Buys Company Shares	Nov. 07	MT
Local Bounti Corporation/de Insider Bought Shares Worth $100,919, According to a Recent SEC Filing	Nov. 02	MT
North American Morning Briefing : Fed Decision, -2-	Nov. 01	DJ
Local Bounti Corporation/de Insider Bought Shares Worth $142,878, According to a Recent SEC Filing	Nov. 01	MT
Deutsche Bank Downgrades Local Bounti to Hold From Buy, Cuts Price Target to $1 From $6	23-10-31	MT
Transcript : Local Bounti Corporation, Q3 2023 Earnings Call, Oct 30, 2023	23-10-30
Local Bounti Corporation announces an Equity Buyback for $1 million worth of its shares.	23-10-30	CI
Earnings Flash (LOCL) LOCAL BOUNTI Reports Q3 Revenue $6.8M	23-10-30	MT
Local Bounti Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-30	CI
Local Bounti Corporation Provides Earnings Guidance for 2023	23-10-30	CI

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Company Profile

Local Bounti Corporation is an indoor agriculture company. The Company utilizes its patented Stack & Flow Technology to grow food sustainably. Its proprietary process is a hybrid, utilizing vertical farming in early plant growth, followed by greenhouse farming for final grow out. The Company operates advanced indoor growing facilities across the United States, servicing approximately 13,000 retail doors. It uses 90% less water, 90% less land, and significantly less pesticides and herbicides than traditional outdoor agriculture operations. It has approximately 27 stock keeping units (SKUs) across living and loose leaf lettuce, organic and conventional, cress and value add product lines. Its Montana Facility incorporates its patented Stack & Flow Technology, including five operational greenhouses, a cold storage room for finished goods and a packaging room with processing equipment to transform freshly harvested produce into packaged goods that are ready for retail shelves.

Sector

Fishing & Farming

Calendar

2024-05-06 - Q1 2024 Earnings Release (Projected)

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