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Local Bounti Corp - LOCL STOCK NEWS

Welcome to our dedicated news page for Local Bounti (Ticker: LOCL), a resource for investors and traders seeking the latest updates and insights on Local Bounti.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Local Bounti's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Local Bounti's position in the market.

News
Local Bounti to Mark Opening of New High-Tech Controlled Environment Agriculture Facility in Pasco, Washington with Ribbon Cutting Ceremony
Rhea-AI Summary
Local Bounti (NYSE: LOCL) is set to open a new high-tech Controlled Environment Agriculture facility in Pasco, Washington, combining vertical and greenhouse technologies to grow sustainable produce year-round with minimal water and land use. The facility will expand the company's national distribution footprint, creating over 40 jobs in the Tri-Cities region. The ribbon-cutting ceremony is scheduled for May 7, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.86%
Tags
none
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News
Local Bounti Receives Continued Listing Standard Notice from NYSE
Rhea-AI Summary
Local Bounti (NYSE: LOCL) received a notice from the NYSE for non-compliance with listing standards due to low market capitalization and stockholders' equity. The company plans to submit a compliance plan within 45 days and aims to regain compliance within 18 months.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.56%
Tags
none
-
News
Local Bounti Announces Full Year 2023 Financial Results
Rhea-AI Summary
Local Bounti (NYSE: LOCL) reported a strong performance in 2023 with sales increasing by 42% to $27.6 million, driven by the April 2022 Pete's acquisition and growth in Georgia and Montana facilities. The company's gross profit was $2.2 million with an adjusted gross margin of approximately 27%. Despite a net loss of $124.0 million, Local Bounti aims for positive adjusted EBITDA in early 2025. The company is expanding its facilities in Georgia, Texas, and Washington, with plans for a new facility in the Midwest. Additionally, Local Bounti received a patent for its Stack & Flow Technology and closed on $228 million financing commitments to support future projects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.73%
Tags
earnings
News
Local Bounti to Release Full Year 2023 Financial Results on Wednesday, March 27, 2024
Rhea-AI Summary
Local Bounti (NYSE: LOCL) to Release Fiscal Full Year 2023 Financial Results and Host Conference Call on March 27, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.78%
Tags
earnings
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News
Local Bounti Receives Patent for Stack & Flow Technology®
Rhea-AI Summary
Local Bounti Corporation (NYSE: LOCL) receives a patent for its Stack & Flow Technology, enhancing its intellectual property and competitive advantage in the indoor agriculture sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.13%
Tags
none
-
News
Local Bounti Amends Cargill Credit Facility and Receives Funds for Working Capital
Rhea-AI Summary
Local Bounti Corporation (LOCL) receives $15 million in cash from Cargill as part of an amended credit facility. The company is expanding its facilities in Washington and Texas, aiming to introduce new products and increase production capacity. The amended credit facility with Cargill provides working capital to support long-term revenue diversification and expansion. Local Bounti aims to become the most efficient CEA produce company in the industry and is focused on delivering compelling new products to drive category growth for retail partners.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.05%
Tags
none
News
Local Bounti Announces Leadership Transition and Provides Business Update
Rhea-AI Summary
Local Bounti Corporation (NYSE: LOCL) announced the re-appointment of Co-Founder Craig Hurlbert as Chief Executive Officer and a significant increase in production capacity at their Georgia facility. The company also provided an update on their full-year 2023 sales expectations, with a focus on driving greater efficiency and cost optimization.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.21%
Tags
management
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News
Local Bounti Announces Third Quarter 2023 Financial Results
Rhea-AI Summary
Local Bounti Corporation completes integration of Stack system at Georgia facility and begins operations. Construction at Texas and Washington facilities on track. Receives incremental financing commitments for working capital and future projects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
34.09%
Tags
earnings
-
News
Local Bounti to Release Third Quarter 2023 Financial Results on Monday, October 30, 2023
Rhea-AI Summary
Local Bounti Corporation (NYSE: LOCL) will release its financial results for the third quarter ended September 30, 2023 after the market closes on Monday, October 30, 2023. The company will host a conference call to discuss financial results and other business updates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
Tags
earnings
News
Local Bounti Announces Second Quarter 2023 Financial Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.13%
Tags
earnings
Stock LOCL logo
Local Bounti Corp

NYSE:LOCL

LOCL Rankings

#5045 Ranked by Market Cap
#5522 Ranked by Stock Gains
N/A Ranked by Dividends

LOCL Stock Data

20.25M
4.09M
52.48%
10.87%
0.92%
Soybean Farming
Agriculture, Forestry, Fishing and Hunting
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United States
Hamilton