Local Bounti Corporation/DE financial data

Symbol
LOCL on NYSE, LOCLW on OTC
Industry
Agricultural Production-Crops
Location
400 W. Main St., Hamilton, Montana
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%