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Local Bounti Corporation  (NYSE: LOCL)
Other Ticker:  
 
 
Price: $3.8500 $0.55 16.667%
Day's High: $3.89 Week Perf: 10 %
Day's Low: $ 3.67 30 Day Perf: 103.7 %
Volume (M): 22 52 Wk High: $ 5.75
Volume (M$): $ 85 52 Wk Avg: $2.50
Open: $3.73 52 Wk Low: $1.18



 Market Capitalization (Millions $) 33
 Shares Outstanding (Millions) 8
 Employees 176
 Revenues (TTM) (Millions $) 38
 Net Income (TTM) (Millions $) -120
 Cash Flow (TTM) (Millions $) -9
 Capital Exp. (TTM) (Millions $) 82

Local Bounti Corporation
Local Bounti Corporation is a sustainable indoor farming company based in the United States. They specialize in vertical farming techniques to grow high-quality produce in an efficient and controlled environment. By utilizing advanced technology, such as LED lighting and hydroponic systems, they are able to grow crops year-round and reduce the need for pesticides and herbicides. Local Bounti aims to provide local communities with fresh and nutritious food that is free from environmental contaminants.


   Company Address: 490 Foley Lane Hamilton 59840 MT
   Company Phone Number: 640-4016   Stock Exchange / Ticker: NYSE LOCL


   

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Local Bounti Corporation

Local Bounti Corporation Defies Industry Trends with Strong First Quarter Earnings2.

Local Bounti Corporation Soars Despite Challenging Agricultural Market
The first quarter of 2024 has been a strong one for Local Bounti Corporation, despite the struggles faced by many other companies in the Agricultural Production industry. While declining orders and fading revenue have plagued other corporations in the sector, Local Bounti Corporation has managed to shine through with impressive results.
During the first quarter of the 2024 earnings season, Local Bounti Corporation reported a widening deficit of $-2.89 per share, which is significantly higher compared to the previous year's $-0.23 per share deficit. However, it is worth noting that the company also saw an improvement in earnings per share (EPS) from the preceding quarter, with an increase from $-8.27 per share to the current level.
Local Bounti Corporation

The Deficit at Local Bounti Corporation Widens Despite Revenue Surge in Q4 2023

Local Bounti Corporation (LOCL) may have experienced a surge in revenue during the fourth quarter of 2023, but a closer look at the financials reveals concerning trends. Despite the revenue increase of 9.385% to $7.26 million, LOCL's loss per share has extended to a whopping $-8.27 from $-0.18 year on year. This represents a significant deterioration in the company's financial performance.
While LOCL appears to be prospering compared to other businesses in the Agricultural Production sector, it is important to note that these gains come amid an overall decline in orders and fading revenue for industry players. Therefore, it is crucial to view LOCL's relative success in this context.
Local Bounti Corporation

Local Bounti Corporation Achieves Unprecedented Growth as Diminishing Returns Soar in Q3 2023

Local Bounti Corporation Defies Industry Trend with Exceptional Revenue Growth
In a surprising turn of events, Local Bounti Corporation has surpassed market expectations and achieved substantial revenue growth, despite the challenges faced by the Agricultural Production sector. The company's fiscal third quarter results for 2023 demonstrate commendable progress, defying the industry's overall decline.
Compared to the previous fiscal year, Local Bounti Corporation has significantly narrowed its shortfall per share. The third quarter of 2023 saw a shortfall per share of $-3.02, as opposed to $-0.30 in the previous year, indicating a remarkable improvement. Furthermore, the company has also managed to reduce its deficit from $-1.35 per share from the previous financial reporting period, showcasing its commitment to financial stability and sustainable growth.
Local Bounti Corporation

Local Bounti Corporation's Profits Dwindle as Deficit Soars During Second Quarter of 2023 Earnings Season

Local Bounti Corporation, an agricultural production company, has experienced an extended deficit per share for the fiscal period of April to June 2023. The deficit has increased from $-0.36 to $-1.35 year on year, despite a 9.3% revenue improvement to $6.85 million.
However, amidst the challenging conditions faced by most companies in the agricultural production sectors, Local Bounti Corporation has shone in the second quarter of 2023. Many companies in the sector have been hit hard by dwindling orders and declining top-line figures. Relative to the previous reporting season, Local Bounti Corporation grew its deficit from $-0.23 per share, while revenue increased by 2.299% from $6.70 million.
Local Bounti Corporation

Local Bounti Corporation Fails to Break Even Despite Remarkable Revenue Surge in Q1 2023

Investors were in for a surprise when Local Bounti Corporation (LOCL) announced a whopping 2275.177% revenue improvement year on year! The financial report for the period ending March 31, 2023, showed a revenue of $6.70 million. However, the company reported a loss of $-0.23 per share. This is a surge from the $-0.18 loss per share in the previous financial year.
Despite the loss, Local Bounti Corporation's revenue surged by 0.904% from $6.64 million. The financial first quarter of 2023 saw a net loss of $-23.527 million, an improvement from a deficit of $-25.772 million in the same period last year. This result is encouraging as it indicates that the company is making progress towards profitability.






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