Local Bounti Corporation/DE financial data

Symbol
LOCL on NYSE, LOCLW on OTC
Location
400 W. Main St., Hamilton, MT
State of incorporation
Delaware
Fiscal year end
December 31
Former names
Leo Holdings III Corp. (to 11/22/2021)
Latest financial report
10-Q - Q2 2024 - Aug 13, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 81 % -42.2%
Quick Ratio 14.5 % -9.74%
Debt-to-equity 3.07K % +1690%
Return On Equity -1.1K % -1282%
Return On Assets -34.6 % -18.4%
Operating Margin -325 % -5.25%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 8.64M shares +5.06%
Common Stock, Shares, Outstanding 8.57M shares +4.71%
Entity Public Float 14.4M USD -91.8%
Common Stock, Value, Issued 1K USD 0%
Weighted Average Number of Shares Outstanding, Basic 8.41M shares +6.06%
Weighted Average Number of Shares Outstanding, Diluted 8.41M shares +6.06%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 31.5M USD +17.5%
Research and Development Expense 17M USD +5.27%
Operating Income (Loss) -102M USD -23.7%
Income Tax Expense (Benefit) 0 USD
Net Income (Loss) Attributable to Parent -139M USD -58.4%
Earnings Per Share, Basic -17.1 USD/shares -7%
Earnings Per Share, Diluted -17.1 USD/shares -7%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 9.69M USD -71.5%
Accounts Receivable, after Allowance for Credit Loss, Current 2.5M USD -10.5%
Inventory, Net 5.47M USD +28.7%
Assets, Current 26.8M USD -47%
Property, Plant and Equipment, Net 368M USD
Operating Lease, Right-of-Use Asset 137K USD -35.1%
Intangible Assets, Net (Excluding Goodwill) 39.6M USD -9.91%
Goodwill 0 USD -100%
Other Assets, Noncurrent 3.06M USD +12132%
Assets 438M USD +20.4%
Accounts Payable, Current 13.7M USD +52%
Accrued Liabilities, Current 22.8M USD +31.3%
Liabilities, Current 43.5M USD +64.2%
Operating Lease, Liability, Noncurrent 76K USD -50%
Liabilities 471M USD +77.2%
Retained Earnings (Accumulated Deficit) -353M USD -65.2%
Stockholders' Equity Attributable to Parent -32.8M USD -133%
Liabilities and Equity 438M USD +20.4%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -7.08M USD +9.54%
Net Cash Provided by (Used in) Financing Activities 39.9M USD +73.2%
Net Cash Provided by (Used in) Investing Activities -35M USD -7.04%
Common Stock, Shares Authorized 400M shares 0%
Common Stock, Shares, Issued 8.57M shares +4.71%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -2.16M USD +87.6%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 16.2M USD -60%
Deferred Tax Assets, Valuation Allowance 66.1M USD +110%
Deferred Tax Assets, Gross 83.4M USD +132%
Operating Lease, Liability 211K USD -22.1%
Depreciation 9.17M USD +32%
Payments to Acquire Property, Plant, and Equipment 35M USD +7.04%
Lessee, Operating Lease, Liability, to be Paid 230K USD -24.1%
Operating Lease, Liability, Current 77K USD +24.2%
Lessee, Operating Lease, Liability, to be Paid, Year Two 64K USD -23.8%
Lessee, Operating Lease, Liability, to be Paid, Year One 105K USD +11.7%
Operating Lease, Weighted Average Discount Rate, Percent 0.09 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 19K USD -40.6%
Lessee, Operating Lease, Liability, to be Paid, Year Three 35K USD -45.3%
Deferred Tax Assets, Operating Loss Carryforwards 51.5M USD +84.2%
Unrecognized Tax Benefits 300K USD +200%
Lessee, Operating Lease, Liability, to be Paid, Year Four 26K USD -25.7%
Additional Paid in Capital 320M USD +2.57%
Amortization of Intangible Assets 893K USD -46.7%
Depreciation, Depletion and Amortization 13.5M USD +1.48%
Deferred Tax Assets, Net of Valuation Allowance 17.2M USD +283%
Share-based Payment Arrangement, Expense 6.6M USD -75.4%