Local Bounti (LOCL) Income Statement: Revenue & Earnings

Local Bounti Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Local Bounti Corporation income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	38.14	27.56	19.47	0.64	0.08
Cost of Revenue	34.05	25.34	17.26	0.43	0.09
Gross Profit	4.09	2.22	2.22	0.21	-0.01
Operating Expenses
Research & Development	22.29	16.09	14.06	3.43	1.08
Selling, General & Administrative	40.77	64.56	82.68	41.50	6.83
Operating Expenses	63.06	80.65	96.74	44.92	7.91
Operating Income	-58.97	-78.43	-94.53	-44.72	-7.92
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00
Interest Expense	58.92	-25.75	-16.73	6.62	-0.52
Other Income/Expense	-60.93	0.16	0.19	-0.31	0.04
Income
Income Before Tax	-119.90	-124.02	-111.07	-51.03	-8.41
Income Tax Expense	0.00	0.00	0.00	0.00	0.00
Net Income	-119.90	-124.02	-111.07	-56.09	-8.41
Net Income - Continuous Operations	-119.90	-124.02	-111.07	-56.09	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	-42.11	-65.30	-83.91	-42.93	-7.64
EBIT	-60.98	-78.43	-94.34	-44.41	-7.92
Depreciation & Amortization	18.87	13.13	10.43	0.68	0.29
Earnings Per Share
Basic EPS	-14.00	-16.00	-17.00	-14.00	-2.00
Diluted EPS	-14.00	-16.00	-17.00	-14.00	-2.00
Basic Shares Outstanding	8.48	7.94	6.70	4.07	3.82
Diluted Shares Outstanding	8.48	7.94	6.70	4.07	3.82