Local Bounti Past Earnings Performance
Past criteria checks 0/6
Local Bounti's earnings have been declining at an average annual rate of -41.9%, while the Food industry saw earnings growing at 9% annually. Revenues have been growing at an average rate of 65.8% per year.
Key information
-41.9%
Earnings growth rate
-25.5%
EPS growth rate
| Food Industry Growth | 16.0% |
| Revenue growth rate | 65.8% |
| Return on equity | n/a |
| Net Margin | -427.1% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Local Bounti Corporation (NYSE:LOCL) Might Not Be As Mispriced As It Looks After Plunging 30%
Nov 20
Local Bounti Corporation (NYSE:LOCL) Consensus Forecasts Have Become A Little Darker Since Its Latest Report
Nov 17Analysts Just Made A Major Revision To Their Local Bounti Corporation (NYSE:LOCL) Revenue Forecasts
Apr 01An Intrinsic Calculation For Local Bounti Corporation (NYSE:LOCL) Suggests It's 37% Undervalued
Mar 31Local Bounti Corporation (NYSE:LOCL) Analysts Are Cutting Their Estimates: Here's What You Need To Know
Nov 13Local Bounti GAAP EPS of -$0.30 misses by $0.03, revenue of $6.29M misses by $0.47M
Nov 10Local Bounti reports mixed Q2 earnings; reaffirms FY22 guidance
Aug 15Local Bounti: Sustainable Farming, Unsustainable Financials
Jun 23Better Than Organic - Local Bounti Co-CEOs Travis Joyner, Craig Hurlbert
May 23Local Bounti Is Bringing Controlled Environment Agriculture To The Stock Market
Dec 27Revenue & Expenses Breakdown
How Local Bounti makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 35 | -149 | 48 | 19 |
| 30 Jun 24 | 32 | -139 | 50 | 17 |
| 31 Mar 24 | 29 | -125 | 56 | 16 |
| 31 Dec 23 | 28 | -124 | 65 | 16 |
| 30 Sep 23 | 27 | -85 | 61 | 17 |
| 30 Jun 23 | 27 | -88 | 66 | 15 |
| 31 Mar 23 | 26 | -109 | 72 | 16 |
| 31 Dec 22 | 19 | -111 | 78 | 14 |
| 30 Sep 22 | 13 | -113 | 91 | 10 |
| 30 Jun 22 | 7 | -97 | 75 | 8 |
| 31 Mar 22 | 1 | -72 | 55 | 5 |
| 31 Dec 21 | 1 | -56 | 41 | 3 |
| 30 Sep 21 | 0 | -31 | 18 | 3 |
| 30 Jun 21 | 0 | -22 | 15 | 2 |
| 31 Mar 21 | 0 | -16 | 14 | 2 |
| 31 Dec 20 | 0 | -8 | 7 | 1 |
Quality Earnings: LOCL is currently unprofitable.
Growing Profit Margin: LOCL is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: LOCL is unprofitable, and losses have increased over the past 5 years at a rate of 41.9% per year.
Accelerating Growth: Unable to compare LOCL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LOCL is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (-2.3%).
Return on Equity
High ROE: LOCL's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.