Local Bounti Corp

Local Bounti Corp. operates as an advanced indoor growing facility. It is a premier Controlled Environment Agriculture (CEA) company redefining conversion efficiency and environmental, social and governance standards for indoor agriculture. The company was founded by Travis Joyner and Craig M. Hurlbert in August 2018 and is headquartered in Hamilton, MT.

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Local Bounti Corp reports robust Q1 growth and eyes revenue doubling

Local Bounti Corp's Q1 2024 performance reflects strong growth potential, with a focus on innovation, customer expansion, and revenue targets for the year.
While facing challenges in managing losses and securing financing, the company's strategic strengths in technology, facilities, and product offerings position it for future success.
Opportunities in new markets, product lines, and revenue growth present avenues for Local Bounti Corp to enhance its competitive position and financial performance.

Local Bounti Corp (LOCL) reports robust sales growth and cost efficiencies

Local Bounti Corp (LOCL) demonstrated strong sales growth and cost optimization efforts in Q2 2024, positioning itself for future profitability.
Expansion of distribution networks and product offerings signal market demand and growth potential for the company.
While challenges in achieving profitability persist, opportunities for growth through product expansion and operational efficiency improvements are evident.

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Local Bounti Corporation (NYSE:LOCL ) Q1 2022 Earnings Conference Call May 9, 2022 5:00 PM ET Company Participants Craig M. Hurlbert – Co-Chief Executive Officer and Chairman of the Board Jeff Sonnek – Managing Director, ICR Brian Cook – President Travis Joyner – Co-Chief Executive Officer and Director Kathleen Valiasek – Chief Financial Officer Conference Call Participants Kristen Owen – Oppenheimer Holdings Chris Barnes – Deutsche Bank Securities Ben Klieve – Lake Street Capital Markets Brian Wright – ROTH Capital Partners Operator Good afternoon and welcome to the Local Bounti's First Quarter 2022 Earnings Conference Call.

Local Bounti Corporation (LOCL) CEO Craig M. Hurlbert on Q1 2022 Results - Earnings Call Transcript

Georgia facility expected to commence operations in July 2022 Pasco, Washington facility advancing forward Reaffirms full year 2022 guidance HAMILTON, Mont. , May 9, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced its first quarter 2022 results for the three months ended March 31, 2022 and reaffirms full year 2022 guidance.

Local Bounti Announces First Quarter 2022 Financial Results

HAMILTON, Mont. , April 28, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti®" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced the issuance of its full year 2021 Corporate Sustainability Report.

Local Bounti® Issues Full Year 2021 Sustainability Report

HAMILTON, Mont. , April 25, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti®" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced it will release its financial results for the first quarter ended March 31, 2022, after the market closes on Monday, May 9, 2022.

Local Bounti® to Release First Quarter 2022 Financial Results on Monday, May 9, 2022

HAMILTON, Mont. , April 5, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti®" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced the successful completion of its acquisition of California-based complementary indoor farming company Hollandia Produce Group, Inc., which operates under the name Pete's®, effective April 4, 2022.

Local Bounti® Closes Acquisition of Pete's®

HAMILTON, Mont , March 17, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL.WT) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced that it will be participating virtually in the J.P. Morgan Global ESG Conference to be held on March 22-24, 2022.

Local Bounti to Participate in the J.P. Morgan Global ESG Conference

Local Bounti Corporation's (LOCL) CEO Craig Hurlbert on Q4 2021 Results - Earnings Call Transcript

Transformative acquisition of Pete's will immediately open distribution to approximately 10,000 retail doors Full year 2021 gross margin of 32% Provides full year 2022 sales guidance of at least $20 million, including partial year contribution from anticipated Pete's acquisition HAMILTON, Mont., March 15, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced its full year 2021 results and provided sales guidance for full year 2022.

Local Bounti Announces Full Year 2021 Results

De-risks near-term operational execution, expanding upon existing market presence and creating a coast-to-coast footprint covering existing relationships at approximately 10,000 retail grocery doors. Enhances financial leadership within the controlled environment agriculture ("CEA") industry by improving already leading unit-level economics.

Local Bounti® to Acquire Pete's® for $122.5 Million Creating Leading CEA Operator with Largest National Retail Distribution Footprint

HAMILTON, Mont., March 14, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti®" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced it will release its financial results for the fiscal full year ended December 31, 2021 before the market open on Tuesday, March 15, 2022.

Local Bounti® to Release Fiscal Full Year 2021 Financial Results on Tuesday, March 15, 2022

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HAMILTON, Mont., Jan. 5, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL)(Local Bounti), a breakthrough U.S. indoor agriculture company, today announced the issuance of its inaugural Corporate Sustainability Report.

Local Bounti Issues Inaugural Corporate Sustainability Report

Deutsche Bank analyst Christopher Barnes initiated coverage of Local Bounti Corp (NYSE:LOCL) with a Buy rating and $9 price target, implying a 25.6% upside. The analyst sees Local as a well-positioned controlled environment agriculture company "capable of disrupting the traditionally grown leafy greens value chain.

Deutsche Bank Is Bullish On This Agriculture Company

Local Bounti went public at a time when the public market suddenly became repulsed by speculative high-growth small-cap companies. The company's common shares have fallen by almost 40% from its $10 SPAC reference price.

Local Bounti Is Bringing Controlled Environment Agriculture To The Stock Market

News for Local Bounti Corp Stock (LOCL)