LOCL
Income statement / Annual
Last year (2024), Local Bounti Corporation's total revenue was $38.14 M,
an increase of 38.40% from the previous year.
In 2024, Local Bounti Corporation's net income was -$119.90 M.
See Local Bounti Corporation,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
| Operating Revenue |
$38.14 M |
$27.56 M |
$19.47 M |
$638,000.00 |
$82,000.00 |
$0.00 |
| Cost of Revenue |
$34.05 M
|
$25.34 M
|
$17.26 M
|
$432,000.00
|
$91,000.00
|
$0.00
|
| Gross Profit |
$4.09 M
|
$2.22 M
|
$2.22 M
|
$206,000.00
|
-$9,000.00
|
$0.00
|
| Gross Profit Ratio |
0.11
|
0.08
|
0.11
|
0.32
|
-0.11
|
0
|
| Research and Development Expenses |
$22.29 M
|
$16.09 M
|
$14.06 M
|
$3.43 M
|
$1.08 M
|
$0.00
|
| General & Administrative Expenses |
$0.00
|
$63.46 M
|
$81.78 M
|
$40.80 M
|
$0.00
|
$0.00
|
| Selling & Marketing Expenses |
$0.00
|
$1.10 M
|
$900,000.00
|
$700,000.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$40.77 M
|
$64.56 M
|
$82.68 M
|
$41.50 M
|
$6.83 M
|
$3.37 M
|
| Other Expenses |
$0.00
|
$38.48 M
|
$189,000.00
|
-$4.76 M
|
-$35,000.00
|
$0.00
|
| Operating Expenses |
$63.06 M
|
$119.13 M
|
$96.74 M
|
$44.92 M
|
$7.88 M
|
$3.37 M
|
| Cost And Expenses |
$97.11 M
|
$144.47 M
|
$114.00 M
|
$45.36 M
|
$7.97 M
|
$3.37 M
|
| Interest Income |
$0.00
|
$0.00
|
$16.73 M
|
$6.62 M
|
$522,000.00
|
$39,000.00
|
| Interest Expense |
$58.92 M
|
$25.75 M
|
$16.73 M
|
$5.13 M
|
$522,000.00
|
$0.00
|
| Depreciation & Amortization |
$18.87 M
|
$13.13 M
|
$10.43 M
|
$684,000.00
|
$287,000.00
|
$3.37 M
|
| EBITDA |
-$42.11 M |
-$85.14 M |
-$83.91 M |
-$50.28 M |
-$7.60 M |
$0.00 |
| EBITDA Ratio |
-1.1
|
-3.09
|
-4.31
|
-78.8
|
-92.68
|
0
|
| Operating Income Ratio |
-1.55
|
-4.24
|
-4.85
|
-70.09
|
-96.61
|
0
|
| Total Other Income/Expenses Net |
-$60.93 M
|
-$7.11 M
|
-$16.55 M
|
-$11.38 M
|
-$487,000.00
|
-$39,000.00
|
| Income Before Tax |
-$119.90 M
|
-$124.02 M
|
-$111.07 M
|
-$56.09 M
|
-$8.41 M
|
-$3.41 M
|
| Income Before Tax Ratio |
-3.14
|
-4.5
|
-5.7
|
-87.92
|
-102.55
|
0
|
| Income Tax Expense |
$0.00
|
$0.00
|
-$10.43 M
|
-$309,000.00
|
$522,000.00
|
-$39,000.00
|
| Net Income |
-$119.90 M
|
-$124.02 M
|
-$100.64 M
|
-$55.78 M
|
-$8.93 M
|
-$3.41 M
|
| Net Income Ratio |
-3.14
|
-4.5
|
-5.17
|
-87.44
|
-108.91
|
0
|
| EPS |
-14.14 |
-15.61 |
-12.62 |
-8.4 |
-2.36 |
-4.41 |
| EPS Diluted |
-14.14 |
-15.61 |
-12.62 |
-8.4 |
-2.34 |
-4.41 |
| Weighted Average Shares Out |
$8.48 M
|
$7.94 M
|
$7.98 M
|
$6.64 M
|
$3.78 M
|
$771,792.00
|
| Weighted Average Shares Out Diluted |
$8.48 M
|
$7.94 M
|
$7.98 M
|
$6.64 M
|
$3.82 M
|
$771,792.00
|
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