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Local Bounti Corporation (LOCL)
NYSE:LOCL
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-2.87Last Year’s EPS
-8.1Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 31, 2025
|% Change Since: 1.94%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with significant achievements in leadership transition, financing, and operational progress, despite some challenges in the fourth quarter and operational hurdles in Texas.Company Guidance
During Local Bounti's Fourth Quarter 2024 Earnings Conference Call, the company provided significant guidance on its financial and operational outlook. Local Bounti announced the acquisition of $27.5 million in new funding, including $25 million in equity, and a term sheet for $2.5 million in CapEx financing. Additionally, they restructured their existing credit agreement, reducing debt by approximately 40% through a $197 million debt extinguishment, and extended the maturity date to 2035 with a reduced interest rate of 6%. The restructuring includes no cash payments until April 2027 and allows up to $10 million in additional non-dilutive working capital financing. The company anticipates achieving positive adjusted EBITDA by Q3 2025 and expects Q1 2025 sales to be around $11.5 million. The operational progress includes expanding distribution networks, securing partnerships with major retailers like Walmart, and introducing new product lines, all while focusing on optimizing product mix and operational efficiencies to drive long-term profitability.Leadership Transition and Strategic Vision
Craig Hurlbert transitions to Executive Chairman, with Kathleen Valiasek stepping in as CEO. Her strategic vision and operational expertise are expected to drive future growth, marking a leadership evolution.
Successful Financing and Debt Restructuring
Secured $27.5 million of new funding, including $25 million of equity and $2.5 million in CapEx financing. Completed restructuring of existing credit agreement, reducing debt by nearly 40%, and extending maturity to 2035 with a reduced interest rate.
Operational and Commercial Progress
Opened new facilities in Washington and Texas, completed Georgia buildout, and transitioned Montana to commercial operations. Expanded product distribution and strengthened relationships with major retailers like Walmart.
Year-over-Year Revenue Growth
Sales for the full year increased by 38% to $38.1 million compared to $27.6 million in 2023. Growth driven by new facility contributions and increased production.
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LOCL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LOCL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 31, 2025 | $2.06 | $1.93 | -6.31% |
| Nov 14, 2024 | $2.34 | $2.33 | -0.43% |
| Aug 13, 2024 | $2.70 | $2.93 | +8.52% |
| May 09, 2024 | $2.96 | $2.95 | -0.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Local Bounti Corporation (LOCL) report earnings?
Local Bounti Corporation (LOCL) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Local Bounti Corporation (LOCL) earnings time?
Local Bounti Corporation (LOCL) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LOCL EPS forecast?
LOCL EPS forecast for the fiscal quarter 2025 (Q1) is -2.87.
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