Local Bounti Corporation grows fresh greens and herbs in the United States. It produces lettuce, herbs, and loose-leaf lettuce. The company sells its products to food retailers and food service distributors. Local Bounti Corporation was founded in 2018 and is headquartered in Hamilton, Montana.

Travis Joyner

Craig Hurlbert

Local Bounti Corporation

At Local Bounti, we strive to deliver the freshest, locally grown produce to your neighborhood. We sustainably grow fresh, non-GMO greens 365 days a year in our greenhouses, using 90% less water and 90% less land than conventional agriculture. 

Perfect environmental greenhouse conditions ensure the highest possible nutritional value and taste. Our sustainable, root-on, living products result in less environmental impacts, carbon footprint, and less waste. It’s our goal to bring our farm to your kitchen. 

FACTS WE LIVE BY:

LOCAL IS BEST.
Your produce is rarely grown locally, but we are changing that. We strive to make the distance between our farm and your kitchen as short as possible. Growing local delivers sustainable markets, products, and partnerships to benefit our communities and our world. We believe local is the best kind of business.

HAPPY PLANTS = HAPPY TASTE BUDS.
We love happy plants. Our plants are kept in the perfect environment from seed to packaging, and our living products keep our produce fresh and delicious for weeks. The result? Happy taste buds. You will taste and smell the difference. We bring the farmers’ market to your neighborhood regardless of season and location.

IT’S TIME TO RE-IMAGINE FRESHNESS.
Most produce spends weeks in transport on the way to your kitchen. We believe there is a better way. Local Bounti re-imagines “fresh” through our local, sustainable farming with a 365-day growing season and a wide variety of living products. When our produce hits your plate, you will experience a new standard of freshness.

PIONEERING THE EXTRAORDINARY.
At Local Bounti, we are pioneering a new path and breaking new ground, literally. We embrace challenges to the status quo and don’t take no for an answer. We face challenges with grit, determination, and obsession but radiate humility. Together, we are capable of extraordinary things.


Cargill

Fidelity Management and Research Company

BNP Paribas Asset Management

Local Bounti

Get ready, Texas!

Our six-acre facility in Mount Pleasant is nearing completion. Customers in Texas, Oklahoma, Louisiana, Mississippi, Arkansas, Kansas and Missouri will soon be able to taste the difference in our greens. We can’t wait for our facility to begin operating at the end of this year!
 
Stay tuned for more facility updates to come.    
 
#GoLOCL #cea #farmofthefuture 

Thank you for an amazing show, International Fresh Produce Association! The 2023 Global Produce & Floral Show in Anaheim was a huge success and it was great seeing all of our produce friends there. We loved talking about our new greenhouses in Texas and Washington and showcasing our products from baby leaf to living lettuce and Grab & Go Salad Kits! See you next year in Atlanta!

#GPFS2023 #GoLOCL #cea #farmofthefuture

Thank you Andrea Di Pastena and Hortidaily.com for the feature on our 5 year anniversary. Read on as our Chief Innovation Officer, B. David Vosburg, outlines our growth over the years and our continued exciting expansion plans. 

Find the story here: https://bit.ly/3tvzCpi
 
#GoLOCL #CEA #farmofthefuture

We’re hiring! Explore job opportunities at our Mount Pleasant facility: https://bit.ly/3EYHFgP 

Our team is gearing up for the International Fresh Produce Association 2023 Global Produce & Floral Show in Anaheim! We can’t wait to see everyone there and talk about all of the exciting things we have to share (Hint: New greenhouses in Texas and Washington). Stop by booth #3979 and visit us! 
 
 #GPFS2023 #GoLOCL #cea #farmofthefuture

Aaron Sumption
Alexis Barrett
Baltazar Garcia
Blair Butterworth
Corrie Hutchens
B. David Vosburg 
Jake Beggin
Matt Hubbard
Meaghan M.

Metric
Company Name	Local Bounti Corporation
Symbol	LOCL
MSH ID	COM:LOCALBOUNTI
Market	STOCKS
Sector	Consumer Defensive
Industry	Agricultural Farm Products
Country	US
Stage
Employee Count	301
Website	localbounti.com
LinkedIn	local-bounti
Founders

Metric
Market Cap	23.27M
Enterprise Value
Monthly Web Traffic
Web Traffic Growth
Valuation
Raised Capital

Metric
Revenue	27.56M
Revenue (LTM)
Revenue (NTM)
Gross Profit	-7.40M
EBITDA	-65.30M
Operating Income	-78.43M
Net Income	-124.02M
EPS	-15.61
Diluted EPS	-15.61
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.09
Operating Profit Margin	-1.85
EBITDA Margin	-2.37
Net Profit Margin	-3.29
Return on Equity	-0.90
Return on Assets	-0.24
Return on Capital Employed	-0.15

COM:LOCALBOUNTI

Local Bounti

Last Close

1.75

22/11 20:51

Market Cap

23.27M

Beta: -

Volume Today

15.06K

Avg: -

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	-0.19
P/B Ratio	0.22
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	0.93
EV Multiple	8.12

Metric
Days Sales Outstanding	35.61
Days Payables Outstanding	132.64
Days Inventory Outstanding	65.92
Operating Cycle	101.52
Cash Conversion Cycle	-31.12
Asset Turnover	0.07

Metric
Operating Cash Flow	-33.16M
Free Cash Flow	-195.42M
Cash Flow to Debt	-0.08
Operating Cash Flow/Sales	-0.89
Free Cash Flow Yield	-9.74

Metric
Cash & Equivalents	16.89M
Accounts Receivable	-392K
Inventory	4.21M
Goodwill
Debt to Capitalization	1.10
Debt to Assets	0.58
Current Ratio	1.12
Quick Ratio	0.64

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue	0.70
R&D to Revenue	0.63
SG&A to Revenue	0.61