LOCL Local Bounti Corporation

Download the Complete Report Here Local Bounti Corporation (LOCL) Retail Momentum, Food-Safety Relevance, and Yield Gains Strengthen the Growth Story; EBITDA Progress Continues Key Takeaways: Revenue increased 14% y/y and 4% q/q to $13.9 million, while adjusted EBITDA loss improved 17% y/y to $5.8 million. Progress toward positive adjusted EBITDA continues, supported by higher revenue, […] The post Local Bounti’s Network Yields at Record Levels, Retail Momentum Broadened – Quarterly Update Repor

Local Bounti Corporation (LOCL) Retail Momentum, Food-Safety Relevance, and Yield Gains Strengthen the Growth Story; EBITDA Progress Continues Read Exec Edge’s Initiation on Local Bounti Corporation Here Subscribe to our Weekly Newsletter to Receive All Research Contact: Executives-Edge.com [email protected] The post Local Bounti’s Network Yields Hit Record, Retail Momentum Broadened – Downloadable Quarterly Update Report appeared first on ExecEdge.

Despite a wider net loss, the company advances toward profitability with new retail partnerships, a 400-store salad kit pilot, and improved operational efficiencies.

Local Bounti Corporation (NYSE:LOCL) shares fell 4. 76% in premarket trading after the indoor agriculture company reported second-quarter revenue and adjusted earnings below Wall Street expectations, despite delivering year-on-year sales growth and reducing its losses.