Local Bounti

Ticker: LOCL

Sector: Farm Products

Local Bounti

Local Bounti (NYSE: LOCL ) stock is sliding over 15% with the release of its latest earnings report. The company posted revenues of $6.81 million for the quarter ended September. Local Bounti to release third quarter 2023 financial results on monday, october 30, 2023. The company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The call will be broadcast via webcast, hosted on the Investors section of the Companys website. Local Bounti to release third quarter 2023 financial results on monday, october 30, 2023. Cargill has agreed to provide local Bountis $10 million in additional working capital subject to certain terms and conditions precedent. The Company anticipates closing on this transaction. Local Bounti to release third quarter 2023 financial results on monday, october 30, 2023. Cargill has agreed to provide Local BOUNTi $10 million in additional working capital subject to certain terms and conditions precedent. Local Bounti operates advanced indoor growing facilities across the United States. Local BOUNTi operates two brands: Local Bountyi® and Petes®. The Company anticipates closing on this transaction in November. Local Bounti had a negative net margin of 327.71% and a negative return on equity of 79.29% Equities research analysts expect that Local BOUNTi will post -10.73 earnings per share for the current fiscal year. Hedge funds have recently added to or reduced their stakes in the business. Deutsche Bank downgrades rating of Local Bounti LOCL to Hold with a price target of $1.00, changing its price target from $6.00 to $1,00. Shares are trading up 1.82%. Local Bounti announces third quarter 2023 financial results. New high-tech Controlled Environment Agriculture Facility in Texas to support growing demand. Local Bounti grows healthy food utilizing a hybrid approach that integrates the best attributes of controlled environment agriculture with natural elements. The Company cautions that the foregoing list of factors is not exclusive and cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date hereof. Local BOUNTis Q3 GAAP EPS of -$3.02 misses by $0.0177 (456Pages 184 litresnoxPy elves prolbia toxin