Local Bounti Corp
NYSE:LOCL
Income Statement
Earnings Waterfall
Local Bounti Corp
Revenue
|
27.6m
USD
|
Cost of Revenue
|
-25.3m
USD
|
Gross Profit
|
2.2m
USD
|
Operating Expenses
|
-80.6m
USD
|
Operating Income
|
-78.4m
USD
|
Other Expenses
|
-45.6m
USD
|
Net Income
|
-124m
USD
|
Income Statement
Local Bounti Corp
Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||
Revenue |
0
N/A
|
1
+73%
|
1
+34%
|
7
+716%
|
13
+87%
|
19
+48%
|
26
+33%
|
27
+4%
|
27
+2%
|
28
+1%
|
|
Gross Profit | |||||||||||
Cost of Revenue |
(0)
|
(0)
|
(1)
|
(7)
|
(12)
|
(17)
|
(23)
|
(23)
|
(25)
|
(25)
|
|
Gross Profit |
0
N/A
|
0
N/A
|
0
+14%
|
0
-17%
|
1
+635%
|
2
+51%
|
2
+10%
|
3
+35%
|
2
-26%
|
2
-10%
|
|
Operating Income | |||||||||||
Operating Expenses |
(21)
|
(45)
|
(57)
|
(79)
|
(96)
|
(92)
|
(92)
|
(86)
|
(82)
|
(81)
|
|
Selling, General & Administrative |
(18)
|
(42)
|
(52)
|
(69)
|
(83)
|
(72)
|
(69)
|
(63)
|
(57)
|
(57)
|
|
Research & Development |
(3)
|
(3)
|
(5)
|
(7)
|
(8)
|
(13)
|
(13)
|
(13)
|
(15)
|
(14)
|
|
Depreciation & Amortization |
(0)
|
0
|
0
|
(3)
|
(4)
|
(7)
|
(10)
|
(9)
|
(10)
|
(10)
|
|
Operating Income |
(21)
N/A
|
(45)
-110%
|
(56)
-26%
|
(78)
-40%
|
(95)
-21%
|
(90)
+5%
|
(90)
+1%
|
(83)
+8%
|
(80)
+4%
|
(78)
+2%
|
|
Pre-Tax Income | |||||||||||
Interest Income Expense |
(5)
|
(5)
|
(6)
|
(11)
|
(13)
|
(17)
|
(19)
|
(20)
|
(22)
|
(26)
|
|
Non-Reccuring Items |
0
|
(1)
|
(5)
|
(6)
|
(6)
|
(4)
|
0
|
0
|
0
|
(38)
|
|
Total Other Income |
(5)
|
(5)
|
(4)
|
(2)
|
0
|
0
|
0
|
15
|
17
|
19
|
|
Pre-Tax Income |
(31)
N/A
|
(56)
-80%
|
(72)
-29%
|
(97)
-33%
|
(113)
-17%
|
(111)
+2%
|
(109)
+2%
|
(88)
+19%
|
(85)
+3%
|
(124)
-46%
|
|
Net Income | |||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Income from Continuing Operations |
(31)
|
(56)
|
(72)
|
(97)
|
(113)
|
(111)
|
(109)
|
(88)
|
(85)
|
(124)
|
|
Net Income (Common) |
(31)
N/A
|
(56)
-80%
|
(72)
-29%
|
(97)
-33%
|
(113)
-17%
|
(111)
+2%
|
(109)
+2%
|
(88)
+19%
|
(85)
+3%
|
(124)
-46%
|
|
EPS (Diluted) |
-4.7
N/A
|
-8.43
-79%
|
-11.63
-38%
|
-14.15
-22%
|
-16.41
-16%
|
-16.57
-1%
|
-14.07
+15%
|
-11.07
+21%
|
-10.59
+4%
|
-15.61
-47%
|