YOLFTbeta
Local Bounti Corp

Local Bounti Corp

LOCL · NYSE · Consumer Defensive / Farm Products

0.62USD-0.14 (-18.51%)

Price History

Full chart

Market Stats

Previous Close0.7608
Open0.76
Day Range0.6002 – 0.76
52-Week Range0.95 – 4.00
Volume34.42K
Market Cap25.49M
P/E (TTM)0.00
Forward P/E0.00
EPS-1.43
Dividend Yield0.00%
Beta2.73
50-Day Avg1.09
200-Day Avg1.58

About

Local Bounti Corporation produces and sells fresh greens in the United States. The company offers lettuce, arugula, herbs, berries, and loose-leaf lettuce. It sells its products to food retailers and food service distributors. The company was founded in 2018 and is headquartered in Hamilton, Montana.

Company Details

  • SectorConsumer Defensive
  • IndustryFarm Products
  • CEOMs. Kathleen Valiasek
  • Employees286
  • Headquarters490 Foley Lane, Hamilton, MT, United States, 59840, USA
  • Websitehttps://localbounti.com

Leadership

  • Ms. Kathleen ValiasekCEO, President & Director · b. 1964
  • Mr. Craig M. HurlbertCo-Founder · b. 1963
  • Mr. Anthony HughesInterim CFO, Senior VP of Finance & Chief Accounting Officer · b. 1965
  • Dr. Travis M. Joyner J.D., Ph.D.Co-Founder & Chairman of the Board · b. 1983
  • Mr. Mike SchaalChief Operating Officer
  • Mr. Alex FrancisChief Information Officer
  • Ms. Margaret E. McCandless J.D.General Counsel & Corporate Secretary · b. 1973
  • Mr. Baltazar GarciaVice President of Sales
  • Ms. Kara BaileyVice President of Human Resources

Financials

Income Statement

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue-82.00K638.00K19.47M27.56M38.14M48.37M
Growth (%)--+678.05%+2952.35%+41.51%+38.40%+26.82%
Cost of Revenue-91.00K432.00K17.26M25.34M34.05M42.51M
Gross Profit--9.00K206.00K2.21M2.22M4.09M5.86M
Gross Margin--10.98%32.29%11.37%8.04%10.72%12.12%
Operating Expense-7.91M44.92M96.74M119.13M63.06M68.49M
Operating Income-3.37M-7.92M-44.72M-94.53M-116.91M-58.97M-62.63M
Operating Margin--9660.98%-7008.93%-485.40%-424.25%-154.62%-129.49%
EBITDA-39.00K-7.60M-48.79M-83.91M-85.14M-42.11M-39.02M
EBITDA Margin--9268.29%-7647.49%-430.88%-308.95%-110.41%-80.67%
Net Income-3.41M-8.41M-56.09M-111.07M-124.02M-119.90M-94.38M
Net Income Margin--10254.88%-8792.01%-570.36%-450.03%-314.39%-195.14%
R&D-1.08M3.42M14.06M16.09M22.29M25.57M
R&D as % of Total Revenue-1315.85%536.83%72.19%58.37%58.44%52.88%
Interest Expense0522.00K6.62M16.73M25.75M58.92M32.17M
Interest Expense % of Total Revenue-636.59%1037.30%85.93%93.42%154.50%66.51%

Balance Sheet

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets5.89M9.10M143.93M278.74M381.75M428.04M410.49M
Total Liabilities3.33M11.67M42.25M157.41M366.48M528.53M576.73M
Total Equity2.55M-2.57M101.68M121.33M15.27M-100.50M-166.24M
Cash2.14M45.00K96.66M13.67M10.33M937.00K4.23M
Total Debt2.50M9.37M11.24M120.08M327.42M437.16M535.52M
Net Debt360.00K9.32M-85.42M106.42M317.10M436.22M531.28M

Cash Flow

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-1.12M-3.84M-20.11M-48.81M-33.16M-27.06M-30.34M
Investing Cash Flow-3.74M-3.42M-29.67M-172.38M-162.26M-82.45M-11.59M
Financing Cash Flow7.00M5.17M150.81M145.05M187.38M100.09M45.18M
Capital Expenditure3.74M3.42M29.67M81.83M162.26M82.45M11.59M
Free Cash Flow-4.86M-7.26M-49.77M-130.64M-195.42M-109.52M-41.92M
Dividends Paid27.32M27.32M27.32M0---
FCF to OCF434.50%189.16%247.53%267.66%589.38%404.70%138.20%
Dividend Paid to FCF-561.91%-376.31%-54.89%0.00%---

Earnings

Report DateMar 31, 2021Jun 21, 2021Aug 16, 2021Nov 12, 2021Mar 15, 2022May 9, 2022Aug 15, 2022Nov 10, 2022Mar 29, 2023May 10, 2023Aug 9, 2023Oct 30, 2023Mar 27, 2024May 9, 2024Aug 13, 2024Nov 14, 2024Mar 28, 2025May 14, 2025Aug 13, 2025Nov 12, 2025Mar 25, 2026May 13, 2026Aug 12, 2026Nov 11, 2026
EPS Estimate0.000.000.00--0.13-1.53-2.60-3.49-0.25-2.93-2.55-3.27-2.41-2.76-3.19-2.78-3.89-1.31-1.95-0.65-0.60--0.50-0.47
EPS Actual0.03-0.150.10-0.10-0.33-3.51-4.17-3.82-0.30-2.83-2.84-2.84-8.10-2.25-3.04-3.95-4.41-3.80-1.44-1.18-0.38-0.53-0.68-
Surprise-----153.85%-129.41%-60.38%-9.46%-20.00%3.41%-11.37%13.15%-236.10%18.48%4.70%-42.09%-13.29%-190.08%26.15%-81.54%36.67%--36.00%-
Timing-After-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-market

Key Statistics & Ratios

Market Cap25.49M
Enterprise Value511.12M
Trailing P/E0.00
Forward P/E0.00
Price / Sales0.49
Price / Book0.46
EPS-1.43
Book Value-8.49
Revenue (TTM)51.84M
Gross Profit (TTM)5.51M
EBITDA-32.90M
Profit Margin-130.52%
Operating Margin-100.71%
Return on Equity-2448.28%
Return on Assets-8.38%
Shares Outstanding23.38M
Shares Float928.42K
Beta2.73
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 2 analystsTarget 6.00
  • Strong Buy
    2

Ownership Breakdown

Institutions
4.62%
Insiders
0.00%
Retail / Other
95.38%

Top Institutional Holders

  • Cresset Asset Management, LLC
    213.04K0.91%
  • BBR Partners, LLC
    194.70K0.83%
  • Vanguard Capital Management, LLC
    189.08K0.81%
  • FMR Inc
    118.99K0.51%
  • Schwarz Dygos Wheeler Investment Advisors LLC
    99.45K0.43%
  • Geode Capital Management, LLC
    64.24K0.27%
  • Outfitter Financial LLC
    39.29K0.17%
  • State Street Corp
    33.98K0.15%
  • Pinnacle Associates Inc
    30.84K0.13%
  • BlackRock Inc
    27.51K0.12%
  • Vanguard Fiduciary Trust Co
    19.66K0.08%
  • Bridgeway Capital Management, LLC
    16.54K0.07%
  • Ground Swell Capital, LLC
    16.08K0.07%
  • Northern Trust Corp
    14.39K0.06%
  • Global Retirement Partners, LLC.
    6.64K0.03%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    127.43K0.57%
  • Fidelity Select Technology
    102.51K0.46%
  • Fidelity Extended Market Index
    26.23K0.12%
  • Fidelity Series Total Market Index
    6.33K0.03%
  • Fidelity Total Market Index
    5.10K0.02%

Stock Splits

  • Jun 15, 20231:13