2023-03-29 08:07:33 ET
- Local Bounti press release ( NYSE: LOCL ): Q4 GAAP EPS of -$0.30 misses by $0.03 .
- Revenue of $6.64M (+1975.0% Y/Y) misses by $0.84M .
- Outlook: Management is providing its full year 2023 sales guidance of $34 to $40 million vs consensus of $42.85M, which approximates its expected production from its Montana, California and Georgia (Phase 1-A and 1-B) facilities, but excludes the expected future positive impact from additional capacity following its Stack implementation at the Georgia facility.
- Shares +54.38% PM.
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Local Bounti GAAP EPS of -$0.30 misses by $0.03, revenue of $6.64M misses by $0.84M