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Local Bounti Announces Multi-Year Award with Large Multinational Retailer
Prnewswire· 2024-12-16 13:00
New distribution underscores Local Bounti's customer-centric approach and commercial momentum HAMILTON, Mont., Dec. 16, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it has received a two-year award from a large multinational retailer (the "Retailer") to supply Local Bounti's living butter lettuce product to 13 of the Retailer's distribution centers from Local Bounti's California and new Texa ...
Local Bounti (LOCL) - 2024 Q3 - Earnings Call Transcript
2024-11-15 01:25
Local Bounti Corporation (NYSE:LOCL) Q3 2024 Earnings Conference Call November 14, 2024 8:00 AM ET Company Participants Jeff Sonnek - Investor Relations, ICR Craig Hurlbert - Co-Founder and Chief Executive Officer Kathleen Valiasek - President and Chief Financial Officer Conference Call Participants Kristen Owen - Oppenheimer & Co. Inc. Benjamin Klieve - Lake Street Capital Markets Operator Good morning, and welcome to Local Bounti's Third Quarter 2024 Earnings Conference Call. All participants will be in a ...
Local Bounti (LOCL) - 2024 Q3 - Quarterly Report
2024-11-14 21:26
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-40125 LOCAL BOUNTI CORPORATION (Exact name of registrant as specified in its charter) Delaware 83-3686055 (State or Other Ju ...
Local Bounti Corporation (LOCL) Reports Q3 Loss, Misses Revenue Estimates
ZACKS· 2024-11-14 14:25
Local Bounti Corporation (LOCL) came out with a quarterly loss of $4.01 per share versus the Zacks Consensus Estimate of a loss of $2.78. This compares to loss of $3.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -44.24%. A quarter ago, it was expected that this company would post a loss of $3.19 per share when it actually produced a loss of $3, delivering a surprise of 5.96%.Over the last four quarters, the company has su ...
Local Bounti (LOCL) - 2024 Q3 - Quarterly Results
2024-11-14 12:25
Exhibit 99.1 Local Bounti Announces Third Quarter 2024 Financial Results 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 HAMILTON, MT – November 14, 2024 – Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced its financial results for the quarter ended Septemb ...
Local Bounti (LOCL) - 2024 Q2 - Earnings Call Transcript
2024-08-13 17:17
Local Bounti Corporation (NYSE:LOCL) Q2 2024 Earnings Conference Call August 13, 2024 8:00 AM ET Company Participants Jeff Sonnek - Investor Relations, ICR Craig Hurlbert - Co-Founder & Chief Executive Officer Kathleen Valiasek - President & Chief Financial Officer Conference Call Participants Kristen Owen - Oppenheimer & Company Ben Klieve - Lake Street Capital Markets Scott Fortune - ROTH Capital Markets Operator Good morning, and welcome to the Local Bounti Second Quarter 2024 Earnings Conference Call. A ...
Local Bounti Corporation (LOCL) Reports Q2 Loss, Lags Revenue Estimates
ZACKS· 2024-08-13 13:25
Local Bounti Corporation (LOCL) came out with a quarterly loss of $3 per share versus the Zacks Consensus Estimate of a loss of $3.19. This compares to loss of $1.35 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 5.96%. A quarter ago, it was expected that this company would post a loss of $2.76 per share when it actually produced a loss of $2.89, delivering a surprise of -4.71%. Over the last four quarters, the company has s ...
Local Bounti (LOCL) - 2024 Q2 - Quarterly Report
2024-08-13 12:43
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-40125 LOCAL BOUNTI CORPORATION (Exact name of registrant as specified in its charter) Delaware 83-3686055 (State or Other Jurisdi ...
Local Bounti (LOCL) - 2024 Q2 - Quarterly Results
2024-08-13 11:26
Exhibit 99.1 Local Bounti Announces Second Quarter 2024 Financial Results Recently began shipping to Sam's Club and Brookshire's out of Texas facility Negotiating an additional $175 million financing commitment for a total of up to $400 million in capital commitments to support 2024 and future projects including working capital and strategic growth capital — anticipate closing in third quarter of 2024 Reiterates full year 2024 sales guidance of $50 to $60 million, representing a doubling of revenue versus 2 ...
Local Bounti Chief Financial Officer Kathleen Valiasek Promoted to President and CFO
Prnewswire· 2024-06-25 12:00
Added Role of President Reflects Ms. Valiasek's Impact on Improved Operating Efficiency HAMILTON, Mont., June 25, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, announced today that its Chief Financial Officer (CFO), Kathleen Valiasek, has been promoted to President and Chief Financial Officer, effective June 24. "Since Kathy joined our leadership team over three years ago, her contributions have been extensive, r ...