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Local Bounti (NYSE: LOCL) announced its Q1 2024 financial results and full-year guidance, showcasing growth in sales, expansion plans, and positive operational progress. Sales increased 25% to $8.4 million in Q1 2024, with gross income at $0.8 million. The company expects to close on $228 million of financing in Q2 2024 for expansion projects. They provided full-year 2024 sales guidance of $50 to $60 million, representing a doubling of revenue versus 2023.
Local Bounti (NYSE: LOCL) will release its financial results for the first quarter of 2024 on May 9, 2024. The company, a U.S. indoor agriculture pioneer, will host a conference call to discuss the results and business updates. The call will be available via webcast and telephonic playback.