Filing Flows › Local Bounti (LOCL) › Q4 2024
Local Bounti (LOCL) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Local Bounti (LOCL) reported revenue of $10.1M for the fourth quarter 2024 (Q4 2024), +47% from a year earlier and -2% from the quarter before. Operating margin was -166.6%, net loss $36.3M (360.1% of revenue).
Local Bounti, Q4 2024: revenue $10.1M (+47% year over year), operating margin -166.6%, net loss $36.3M, operating cash flow $1.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.1M | -2% | +47% |
| Operating profit | −$16.8M | — | — |
| Net earnings | −$36.3M | — | — |
| Operating cash flow | $1.2M | — | — |
What changed
Revenue was $10.1M in Q4 2024, up 47% year over year and down 2% from the previous quarter.
Gross margin was 5.4%, down 4.5 points from a year earlier. Operating costs exceeded revenue by $16.8M, an operating margin of -166.6%. Operating expenses fell 71% while revenue rose 47%. The fastest-growing cost line was Research & development (+80%). The quarter ended with a net loss of $36.3M, wider than the previous quarter's $34.3M loss. Net interest and other expense of $19.5M was the main reason.
Operating cash flow was $1.2M. Non-cash charges added back $5.9M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $30.4M. Capital expenditures of $9.8M exceeded it, leaving free cash flow of −$8.6M.
Questions
What was Local Bounti's revenue in the fourth quarter 2024?
Local Bounti (LOCL) reported revenue of $10.1M for the fourth quarter 2024 (Q4 2024), +47% from a year earlier and -2% from the quarter before.
Was Local Bounti profitable in the fourth quarter 2024?
Operating loss was $16.8M (-166.6% of revenue) and net loss $36.3M.
Source: Local Bounti 10-K on SEC EDGAR.