LOCL Earnings Prediction
The chart below shows how LOCL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LOCL sees a -2.85% change in stock price 10 days leading up to the earnings, and a +3.70% change 10 days following the report. On the earnings day itself, the stock moves by +6.86%. This data can give you a slight idea of what to expect for the next quarter's release.
LOCL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
10.24M
50.40%
8.46%
Gross Margin
13.80%
131.93%
-3.56%
Operating Margin
-176.05%
-36.91%
19.91%
Net Margin
-335.16%
-5.91%
25.26%
EPS
-4.01
-32.78%
33.67%
No Data Available
LOCL Earnings Analysis
Local Bounti Corporation Corporation (LOCL.N) Earnings Conference Call
Positive
Sales Surge: In the third quarter, we delivered sales of $10.2 million, an increase of approximately 50% year-over-year.
Adjusted Gross Margin Improvement: Our adjusted gross margin reached 32% in the third quarter, reflecting our continued focus on driving operational efficiency.
Increased Specialty Product Demand: We are seeing heightened demand for our specialty products, such as Arugula and Spinach, and are reworking our growing mix to meet this demand.
Expanded Distribution Network: We are shipping to more than 180 Brookshire Grocery Company locations from our Mount Pleasant Texas facility, with their stores carrying our full line of produce products across three states.
EBITDA Loss Improvement: Our adjusted EBITDA loss improved by $600,000 to $8.4 million, reflecting our ongoing efforts to optimize our operations.
Negative
Sales Performance Analysis: Sales increased 50% to $10.2 million, but this fell short of expectations.
Production Mix Realignment Impact: Revenue contribution was lower than expected due to the decision to realign our production mix.
Adjusted Gross Margin Analysis: Adjusted gross margin was approximately 32%, reflecting ongoing costs associated with optimization and scaling up of facilities.
R&D Expense Increase: R&D expense increased by $2.1 million from the prior year period, indicating higher costs without corresponding revenue growth.
Insurance Cost Impact: Higher insurance costs were observed, which we are working to mitigate, impacting overall profitability.
LOCL FAQs
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LOCL Earning Call Sentiment
Local Bounti Corporation (LOCL) Q3 2024 Earnings Call Transcript
LOCL.N
0.46%Positive
The earnings call summary shows mixed signals. Financial performance improved YoY, but sales fell short due to strategic decisions. The company plans to optimize production and ramp up facilities, potentially boosting future revenues. However, increased expenses and unclear capital raising details raise concerns. The Q&A reveals optimism for 2025 and potential growth drivers, but management's vague responses on expansion and financing add uncertainty. With no new partnerships or strong guidance, the stock price is likely to remain neutral.