Local Bounti
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Local Bounti's past years’ income statements indicate that its last revenue has increased compared to the previous period by 42% to $27,557,000. Profit margin reached -450%. Total operating expenses were $119,126,000.
Profit Margin
| 2019 | 0 | -3.40M | |
|---|---|---|---|
| 2020 | 82K | -8.93M | -10891.46% |
| 2021 | 638K | -55.78M | -8743.57% |
| 2022 | 19.47M | -100.64M | -516.81% |
| 2023 | 27.55M | -124.01M | -450.03% |
LOCL Income Statement (2019 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
Revenue | |||||
Revenue | 27.55M | 19.47M | 638K | 82K | 0 |
Cost of revenue | 25.34M | 17.25M | 432K | 91K | 0 |
Gross profit | 2.21M | 2.21M | 206K | -9K | 0 |
Operating exp. | |||||
Research and development | 16.08M | 14.05M | 3.42M | 1.07M | 0 |
Selling and marketing | 1.1M | 900K | 700K | 0 | 0 |
Total operating expenses | 119.12M | 96.74M | 44.92M | 7.87M | 3.36M |
Operating income | -116.91M | -94.52M | -44.71M | -7.92M | -3.36M |
Other income (expenses), net | -7.10M | -16.54M | -11.37M | -487K | -39K |
Income before tax | -124.01M | -111.07M | -56.09M | -8.40M | -3.40M |
Income tax expense | 0 | -10.42M | -309K | 522K | -39K |
Net income | -124.01M | -100.64M | -55.78M | -8.93M | -3.40M |
Earnings per share | |||||
Basic EPS | -15.61 | -12.62 | -8.4 | -2.36 | 0 |
Diluted EPS | -15.61 | -12.62 | -8.4 | -2.34 | 0 |
| Data source | Data source | Data source |