Expected to create approximately 50 jobs in the Mount Pleasant area Innovative CEA facility combines vertical and greenhouse technologies to grow sustainable produce year-round using less water and land HAMILTON, Mont., May 16, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, announced today it will hold a ribbon cutting ceremony on Tuesday, June 18, 2024 from 1:00 to 4:00 pm local time to mark the official opening ...

财务数据和关键指标变化 - 第一季度销售额增长25%至8.4亿美元,较上一季度增长22% [21] - 第一季度调整后毛利率约为24%,与上一季度持平,反映了正在优化和扩大生产设施的成本 [22] - 预计未来几个季度毛利率将随着产能扩大而提高,同时还有其他成本优化措施 [23][24] - 第一季度销售、一般及管理费用下降至7.6亿美元,预计全年将持续受益于成本节约措施 [25] - 第一季度净亏损2.41亿美元,调整后EBITDA亏损6.9亿美元,较上一季度有所改善 [26] 各条业务线数据和关键指标变化 - 公司的"堆叠和流动"技术是其战略的基础,有助于提高产能利用率和资本效率 [9][10] - 正在试行一种新的堆叠塔技术,有望进一步提高产量至少10% [9] - 新建的华盛顿和德克萨斯州设施已开始向客户发货,是公司的重要里程碑 [11][12] 各个市场数据和关键指标变化 - 开始为Albertsons和Brookshire's等新客户提供服务,拓展到太平洋西北部和德克萨斯地区 [13] - 正在扩大现有客户在德克萨斯的分销 [13] 公司战略和发展方向及行业竞争 - 正在进行现有设施的产能扩张,并计划在中西部新建一座设施 [14] - 将蒙大拿州设施从研发转为商业化运营,有助于提高整体毛利率 [15][16] - 正在扩大婴儿叶菜和即食沙拉套装等产品线 [17][18] 管理层对经营环境和未来前景的评论 - 新增产能和创新产品将支持公司在下半年实现大幅收入增长,实现全年翻番的目标 [19] - 预计将在2025年初实现调整后EBITDA盈利,这是公司的重要里程碑 [28][29] 问答环节重要的提问和回答 问题1 **Kristen Owen 提问** 询问毛利率改善的具体计划和时间节点 [34] **Kathleen Valiasek 回答** 每个季度毛利率都将呈现连续改善,主要得益于产能扩大、产量提升和成本优化措施 [36][37] 问题2 **Ben Klieve 提问** 询问销售、管理费用的未来走势 [50] **Kathleen Valiasek 回答** 销售、管理费用将持续下降,尤其是第三、四季度,新设施投产也将带来一定的研发成本 [53][54][55] 问题3 **Ben Klieve 提问** 询问2025年实现EBITDA盈利是否仅依靠现有设施 [64] **Kathleen Valiasek 回答** 是的,2025年EBITDA盈利目标是基于现有设施的表现 [65]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-40125 LOCAL BOUNTI CORPORATION (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporat ...

Exhibit 99.1 Local Bounti Announces First Quarter 2024 Financial Results First customer deliveries from Washington and Texas facilities shipping in second quarter Expands penetration in Pacific Northwest and Texas with new retail customers, including Albertsons Seattle and Brookshire's Expected to close on $228 million of financing commitments in the second quarter to support 2024 projects — including additional capacity at existing facilities and building of a new greenfield facility in the Midwest Grab-an ...

HAMILTON, Mont., May 6, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal first quarter ended March 31, 2024 before the market opens on Thursday, May 9, 2024.Conference CallThe Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The conference call is ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-40125 LOCAL BOUNTI CORPORATION (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation o ...

分组1 - 公司在2023年完成了乔治亚州设施的堆栈实施,产能提升超过预期,达到去年的3倍 [12][13] - 公司在德克萨斯州和华盛顿州新建的两个设施已进入调试阶段,预计在第二季度开始向客户发货 [15][16][17] - 公司将在2024年第二季度开始扩产,以满足不断增长的客户需求 [23][24][26][27] 分组2 - 2023年全年销售收入增长42%至27.6亿美元,但毛利率受到天气等因素影响暂时下降 [32][33] - 公司通过精简组织结构,预计可实现每年约500万美元的成本节省 [34] - 公司正在与商业贷款机构洽谈228亿美元的融资,用于2024年的设施扩建和新建项目 [36][37][38] 问答环节重要的提问和回答 问题1 **Kristen Owen 提问** 询问公司在新设施上的资本回报率情况 [46][47][48][49][50] **Craig Hurlbert 和 Kathleen Valiasek 回答** 公司正在等待新设施投产后的数据,以更好地评估资本回报率,同时也在关注产品组合和价格策略来提升整体盈利能力 [47][48][49][54][55][56][57][58][59] 问题2 **Ben Klieve 提问** 询问2023年的资本支出情况,以及未来新设施的剩余投资 [71][72] **Kathleen Valiasek 回答** 2023年资本支出为3.13亿美元,乔治亚州设施已基本完工,德克萨斯州和华盛顿州设施还有部分建设费用需要在2024年发生 [72] 问题3 **Ben Klieve 提问** 询问新设施的产能是否已经有客户预定 [73][74][75][76][77][78] **Craig Hurlbert 和 Kathleen Valiasek 回答** 公司正在与客户洽谈,但由于行业仍较为交易性,无法给出具体的预定比例,但对于2024年的收入目标有很高的信心 [73][74][75][76][77][78]

Exhibit 99.1 Local Bounti Announces Full Year 2023 Financial Results Georgia facility demonstrating further improvement year-to-date — packed pounds increased 50% versus December 2023 and 3x versus a year ago Commenced operations at Washington and Texas facilities in January, expect to begin shipping product to customers in the second quarter 2024 Expected to close on $228 million of financing commitments in the second quarter to support 2024 projects — including additional capacity at existing facilities a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-40125 LOCAL BOUNTI CORPORATION (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorp ...

With that, I'd now like to turn the call over to Anna. Go ahead. With that, I will turn the call over to Kathy. As previously announced, at the end of the first quarter, we expanded our construction financing agreement with Cargill by up to $110 million or a total of up to $280 million. And in April, we executed a sale-leaseback transaction for $35 million. We continued to advance our work with a licensed USDA lender to reduce our use of construction financing and replace it with lower cost debt. Anna Fabre ...