Local Bounti (LOCL) Revenue & Revenue Breakdown
Local Bounti Revenue Highlights
Latest Revenue (Y)
$27.56M
Latest Revenue (Q)
$9.44M
Main Segment (Y)
Produce
Local Bounti Revenue by Period
Local Bounti Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $27.56M | 41.51% |
| 2022-12-31 | $19.47M | 2952.35% |
| 2021-12-31 | $638.00K | 678.05% |
| 2020-12-31 | $82.00K | 100.00% |
| 2019-12-31 | - | - |
Local Bounti generated $27.56M in revenue during NA 2023, up 41.51% compared to the previous quarter, and up 0.00% compared to the same period a year ago.
Local Bounti Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $9.44M | 12.64% |
| 2024-03-31 | $8.38M | 22.09% |
| 2023-12-31 | $6.87M | 0.82% |
| 2023-09-30 | $6.81M | -5.19% |
| 2023-06-30 | $7.18M | 7.24% |
| 2023-03-31 | $6.70M | 0.90% |
| 2022-12-31 | $6.64M | 5.62% |
| 2022-09-30 | $6.29M | 0.26% |
| 2022-06-30 | $6.27M | 2123.05% |
| 2022-03-31 | $282.00K | -10.19% |
| 2021-12-31 | $314.00K | 97.48% |
| 2021-09-30 | $159.00K | 47.22% |
| 2021-06-30 | $108.00K | 89.47% |
| 2021-03-31 | $57.00K | 32.56% |
| 2020-12-31 | $43.00K | 10.26% |
| 2020-09-30 | $39.00K | 100.00% |
| 2020-06-30 | - | 100.00% |
| 2020-03-31 | - | - |
Local Bounti generated $9.44M in revenue during Q2 2024, up 12.64% compared to the previous quarter, and up 140.98% compared to the same period a year ago.
Local Bounti Revenue Breakdown
Local Bounti Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 22 | Dec 21 |
|---|---|---|
| Intellectual Property Product | - | $87.00K |
| Produce | $19.47M | $551.00K |
Local Bounti's latest annual revenue breakdown by segment (product or service), as of Dec 22: Produce (100.00%).
Local Bounti Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| FDP | Fresh Del Monte Produce | $4.32B | $1.14B |
| AQB | AquaBounty | $2.47B | $180.18M |
| LND | BrasilAgro - Companhia Brasileira de Propriedades Agrícolas | $1.35B | $121.04M |
| AGRO | Adecoagro | $1.30B | $160.78M |
| AFRI | Forafric Global | $305.48M | $79.93M |
| SANW | S&W Seed Company | $73.52M | $18.32M |
| ALCO | Alico | $39.85M | $13.61M |
| LOCL | Local Bounti | $27.56M | $9.44M |
LOCL Revenue FAQ
What is Local Bounti’s yearly revenue?
Local Bounti's yearly revenue for 2023 was $27.56M, representing an increase of 41.51% compared to 2022. The company's yearly revenue for 2022 was $19.47M, representing an increase of 2952.35% compared to 2021. LOCL's yearly revenue for 2021 was $638K, representing an increase of 678.05% compared to 2020.
What is Local Bounti’s quarterly revenue?
Local Bounti's quarterly revenue for Q2 2024 was $9.44M, a 12.64% increase from the previous quarter (Q1 2024), and a 31.46% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $8.38M, a 22.09% increase from the previous quarter (Q4 2023), and a 25.16% increase year-over-year (Q1 2023). LOCL's quarterly revenue for Q4 2023 was $6.87M, a 0.82% increase from the previous quarter (Q3 2023), and a 3.43% increase year-over-year (Q4 2022).
What is Local Bounti’s revenue growth rate?
Local Bounti's revenue growth rate for the last 3 years (2021-2023) was 4219.28%, and for the last 5 years (2019-2023) was 0%.
What are Local Bounti’s revenue streams?
Local Bounti's revenue streams in c 22 are Produce
What is Local Bounti’s main source of revenue?
For the fiscal year ending Dec 22, the largest source of revenue of Local Bounti was Produce. This segment made a revenue of $19.47M, representing 100.00% of the company's total revenue.