Local Bounti Q2 EPS $(0.68) Up From $(1.63) YoY, Sales $13.850M Up From $12.103M YoY
Local Bounti (NYSE:LOCL) reported quarterly losses of $(0.68) per share. This is a 58.28 percent increase over losses of $(1.63) per share from the same period last year. The company reported $13.850 million in sales
Local Bounti lost less money per share than last year and grew its sales, which means the company is improving even though it's not yet making a profit. When a struggling company starts losing less money while selling more, that's a sign things might be heading in a better direction.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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