LOCL
Income statement / Annual
Last year (2023), Local Bounti Corporation's total revenue was $27.56 M,
an increase of 41.51% from the previous year.
In 2023, Local Bounti Corporation's net income was -$124.02 M.
See Local Bounti Corporation’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
| Operating Revenue |
$27.56 M
|
$19.47 M
|
$638,000.00
|
$82,000.00
|
$0.00
|
| Cost of Revenue |
$25.34 M |
$17.26 M |
$432,000.00 |
$91,000.00 |
$0.00 |
| Gross Profit |
$2.22 M |
$2.22 M |
$206,000.00 |
-$9,000.00 |
$0.00 |
| Gross Profit Ratio |
0.08 |
0.11 |
0.32 |
-0.11 |
0 |
| Research and Development
Expenses |
$16.09 M
|
$14.06 M
|
$3.43 M
|
$1.08 M
|
$0.00
|
| General & Administrative
Expenses |
$63.46 M
|
$81.78 M
|
$40.80 M
|
$0.00
|
$0.00
|
| Selling & Marketing
Expenses |
$1.10 M
|
$900,000.00
|
$700,000.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$64.56 M
|
$82.68 M
|
$41.50 M
|
$6.83 M
|
$3.37 M
|
| Other Expenses |
$38.48 M |
$189,000.00 |
-$4.76 M |
-$35,000.00 |
$0.00 |
| Operating Expenses |
$119.13 M |
$96.74 M |
$44.92 M |
$7.88 M |
$3.37 M |
| Cost And Expenses |
$144.47 M |
$114.00 M |
$45.36 M |
$7.97 M |
$3.37 M |
| Interest Income |
$0.00 |
$16.73 M |
$6.62 M |
$522,000.00 |
$39,000.00 |
| Interest Expense |
$25.75 M |
$16.73 M |
$5.13 M |
$522,000.00 |
$0.00 |
| Depreciation &
Amortization |
$13.13 M
|
$10.43 M
|
$684,000.00
|
$287,000.00
|
$3.37 M
|
| EBITDA |
-$85.14 M
|
-$83.91 M
|
-$50.28 M
|
-$7.60 M
|
$0.00
|
| EBITDA Ratio |
-3.09 |
-4.84 |
-77.55 |
-92.68 |
0 |
| Operating Income Ratio
|
-4.24
|
-4.85
|
-70.09
|
-96.61
|
0
|
| Total Other
Income/Expenses Net |
-$7.11 M
|
-$16.55 M
|
-$11.38 M
|
-$487,000.00
|
-$39,000.00
|
| Income Before Tax |
-$124.02 M |
-$111.07 M |
-$56.09 M |
-$8.41 M |
-$3.41 M |
| Income Before Tax Ratio
|
-4.5
|
-5.7
|
-87.92
|
-102.55
|
0
|
| Income Tax Expense |
$0.00 |
-$10.43 M |
-$309,000.00 |
$522,000.00 |
-$39,000.00 |
| Net Income |
-$124.02 M |
-$100.64 M |
-$55.78 M |
-$8.93 M |
-$3.41 M |
| Net Income Ratio |
-4.5 |
-5.17 |
-87.44 |
-108.91 |
0 |
| EPS |
-15.61 |
-12.62 |
-8.4 |
-2.36 |
0 |
| EPS Diluted |
-15.61 |
-12.62 |
-8.4 |
-2.34 |
0 |
| Weighted Average Shares
Out |
$7.94 M
|
$7.98 M
|
$6.64 M
|
$3.78 M
|
$0.00
|
| Weighted Average Shares
Out Diluted |
$7.94 M
|
$7.98 M
|
$6.64 M
|
$3.82 M
|
$0.00
|
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