Local Bounti Corp
NYSE:LOCL

  • LAST PRICE
    1.6700
  • TODAY'S CHANGE (%)
    0.0000 (0.0000%)
  • Bid / Lots
    1.5200/ 1
  • Ask / Lots
    2.2000/ 1
  • Open / Previous Close
    --- / 1.6700
  • Day Range
    ---
  • 52 Week Range
    1.5600
    4.4000
  • Volume
    ---

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  • Nov 14, 2024

      Show headlines and story abstract

    • 7:17AM ET on Thursday Nov 14, 2024 by MT Newswires
      Companies Mentioned: LOCL
      07:17 AM EST, 11/14/2024 (MT Newswires) -- ...

    • 7:15AM ET on Thursday Nov 14, 2024 by PR Newswire
      Companies Mentioned: LOCL

      Commercial momentum accelerating with expanded product assortment and increased growing capacity

      Increased scale driving strategic discussions with customers to align respective footprints for next chapter of growth

    • 7:15AM ET on Thursday Nov 14, 2024 by Dow Jones
      Companies Mentioned: LOCL
      ---------------------------------------------- -------------------------------------------- 2024 2023 2024 2023 ---------------------- ---------------------- --------------------- --------------------- Sales $ 10,242 $ 6,810 $ 28,068 $ 20,691 Cost of goods sold 8,829 6,405 24,518 19,155 ---------------------- ---------------------- --------------------- --------------------- Gross profit 1,413 405 3,550 1,536 Depreciation 1,642 832 4,197 2,662 Stock-based compensation 15 24 75 100 Utilities price spike and inclement weather related costs -- -- -- 727 Acquisition related integration costs 183 415 183 838 ---------------------- ---------------------- --------------------- --------------------- Adjusted gross profit $ 3,253 $ 1,676 $ 8,005 $ 5,863 ====================== ====================== ===================== ===================== Adjusted gross margin % 32 % 25 % 29 % 28 % RECONCILIATION OF SELLING, GENERAL AND ADMINISTRATIVE EXPENSE TO ADJUSTED SELLING, GENERAL AND ADMINISTRATIVE EXPENSE Three Months Ended Nine Months Ended September 30, September 30, ---------------------------------------------- ------------------------------------------ 2024 2023 2024 2023 ---------------------- ---------------------- -------------------- -------------------- Selling, general and administrative $ 12,348 $ 14,406 $ 30,642 $ 47,091 Stock-based compensation (1,286) (2,898) (1,776) (11,882) Depreciation and amortization (1,374) (1,851) (3,757) (5,763) Loss on disposal of fixed assets (1,610) (1,223) (1,610) (1,223) Business acquisition and strategic transaction due diligence and integration related costs (431) (742) (2,056) (4,658) Intellectual property litigation (197) -- (197) -- Restructuring and business realignment costs -- (151) (298) (875) ---------------------- ---------------------- -------------------- -------------------- Adjusted selling, general and administrative $ 7,450 $ 7,541 $ 20,948 $ 22,690 ====================== ====================== ==================== ==================== LOCAL BOUNTI CORPORATION UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION (in thousands) RECONCILIATION OF NET LOSS TO ADJUSTED EBITDA Three Months Ended Nine Months Ended September 30, September 30, ---------------------------------------------- -------------------------------------------- 2024 2023 2024 2023 ---------------------- ---------------------- --------------------- --------------------- Net loss $ (34,327) $ (24,258) $ (83,644) $ (58,461) Stock-based compensation expense 1,387 3,265 2,101 13,658 Interest expense, net 18,312 7,105 40,420 17,876 Depreciation and amortization 5,868 3,405 12,985 10,179 Loss on disposal of fixed assets 1,610 1,223 1,610 1,223 Utilities price spike and inclement weather related costs -- -- -- 727 Business acquisition and strategic transaction due diligence and integration related costs 614 1,975 2,239 6,314 Intellectual property litigation 197 -- 197 -- Restructuring and business realignment costs -- 152 298 876 Change in fair value of warrant liability (1,921) (1,766) 1,163 (16,917) Other income (95) (83) (133) (156) ---------------------- ---------------------- --------------------- --------------------- Adjusted EBITDA $ (8,355) $ (8,982) $ (22,764) $ (24,681) ====================== ====================== ===================== =====================

    • 7:15AM ET on Thursday Nov 14, 2024 by Dow Jones
      Companies Mentioned: LOCL

  • Nov 11, 2024

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