$LOCL
Local Bounti Corporation/DE Stock $locl

$locl Overview Financials Valuation SEC Filings Company Website

2024 Q4 Form 10-Q Financial Statement

#000184078024000028 Filed on November 14, 2024

Income Statement

Concept	2024 Q4	2024 Q3
Revenue		$10.24M
YoY Change		50.4%
Cost Of Revenue		$8.829M
YoY Change		37.85%
Gross Profit		$1.413M
YoY Change		248.89%
Gross Profit Margin		13.8%
Selling, General & Admin		$12.35M
YoY Change		-14.29%
% of Gross Profit		873.89%
Research & Development		$7.096M
YoY Change		41.89%
% of Gross Profit		502.19%
Depreciation & Amortization		$5.868M
YoY Change		72.33%
% of Gross Profit		415.29%
Operating Expenses		$19.44M
YoY Change		0.19%
Operating Profit		-$18.03M
YoY Change		-5.11%
Interest Expense		-$18.31M
YoY Change		157.55%
% of Operating Profit
Other Income/Expense, Net		$95.00K
YoY Change		14.46%
Pretax Income		-$34.33M
YoY Change		41.5%
Income Tax
% Of Pretax Income
Net Earnings		-$34.33M
YoY Change		41.51%
Net Earnings / Revenue		-335.16%
Basic Earnings Per Share		-$4.01
Diluted Earnings Per Share		-$4.01
COMMON SHARES
Basic Shares Outstanding	8.656M shares	8.644M shares
Diluted Shares Outstanding		8.569M shares

Balance Sheet

Concept	2024 Q4	2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments		$317.0K
YoY Change		-97.31%
Cash & Equivalents		$317.0K
Short-Term Investments
Other Short-Term Assets		$8.395M
YoY Change		-4.6%
Inventory		$6.547M
Prepaid Expenses
Receivables		$2.044M
Other Receivables		$0.00
Total Short-Term Assets		$17.30M
YoY Change		-37.74%
LONG-TERM ASSETS
Property, Plant & Equipment		$371.4M
YoY Change		38.42%
Goodwill
YoY Change
Intangibles		$38.68M
YoY Change		-8.45%
Long-Term Investments
YoY Change
Other Assets		$3.056M
YoY Change		353.41%
Total Long-Term Assets		$413.5M
YoY Change		18.25%
TOTAL ASSETS
Total Short-Term Assets		$17.30M
Total Long-Term Assets		$413.5M
Total Assets		$430.8M
YoY Change		14.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable		$16.36M
YoY Change		80.92%
Accrued Expenses		$23.10M
YoY Change		47.9%
Deferred Revenue
YoY Change
Short-Term Debt		$13.47M
YoY Change
Long-Term Debt Due		$13.47M
YoY Change
Total Short-Term Liabilities		$53.12M
YoY Change		114.61%
LONG-TERM LIABILITIES
Long-Term Debt		$384.9M
YoY Change		77.43%
Other Long-Term Liabilities		$8.442M
YoY Change		-5.15%
Total Long-Term Liabilities		$384.9M
YoY Change		77.43%
TOTAL LIABILITIES
Total Short-Term Liabilities		$53.12M
Total Long-Term Liabilities		$384.9M
Total Liabilities		$496.4M
YoY Change		65.65%
SHAREHOLDERS EQUITY
Retained Earnings		-$387.0M
YoY Change		62.74%
Common Stock		$1.000K
YoY Change		0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity		-$65.61M
YoY Change
Total Liabilities & Shareholders Equity		$430.8M
YoY Change		14.13%

Cashflow Statement

Concept	2024 Q4	2024 Q3
OPERATING ACTIVITIES
Net Income		-$34.33M
YoY Change		41.51%
Depreciation, Depletion And Amortization		$5.868M
YoY Change		72.33%
Cash From Operating Activities		-$17.21M
YoY Change		73.85%
INVESTING ACTIVITIES
Capital Expenditures		$12.81M
YoY Change		-68.81%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities		-$12.81M
YoY Change		-68.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities		20.65M
YoY Change		-28.48%
NET CHANGE
Cash From Operating Activities		-17.21M
Cash From Investing Activities		-12.81M
Cash From Financing Activities		20.65M
Net Change In Cash		-9.367M
YoY Change		-57.58%
FREE CASH FLOW
Cash From Operating Activities		-$17.21M
Capital Expenditures		$12.81M
Free Cash Flow		-$30.02M
YoY Change		-41.09%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Amendment Flag AmendmentFlag	false
CY2023Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2024Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	400000000	shares
CY2024Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	8650649	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	8311237	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	8311237	shares
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	1000	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-303328000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	15273000	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	381752000	usd
CY2023Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	6810000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	28068000	usd
CY2024Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	8829000	usd
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2024-09-30
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
	dei	Entity Address Address Line1 EntityAddressAddressLine1	400 W. Main St.
	dei	Entity Address City Or Town EntityAddressCityOrTown	Hamilton,
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	172000	usd
CY2024Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	69000	usd
CY2024Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-4.01
CY2024Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-4.01
CY2023Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-3.02
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-9.91
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-7.41
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	8019561	shares
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	8019561	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	8436727	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	8436727	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7893665	shares
	us-gaap	Net Income Loss NetIncomeLoss	-58461000	usd
	us-gaap	Depreciation Depreciation	5152000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-25991000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	117241000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	18338000	usd
	locl	Non Cash Equity Settlement On Employee Receivable NonCashEquitySettlementOnEmployeeReceivable	0	usd
	dei	Entity File Number EntityFileNumber	001-40125
	dei	Entity Address State Or Province EntityAddressStateOrProvince	MT
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	59840
	dei	City Area Code CityAreaCode	(800)
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	13658000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	10179000	usd
CY2023Q3	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	3779000	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	-24258000	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	77801000	usd
CY2023Q4	us-gaap	Liabilities Liabilities	366479000	usd
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Entity Central Index Key EntityCentralIndexKey	0001840780
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	83-3686055
	dei	Local Phone Number LocalPhoneNumber	640-4016
	dei	Security12b Title Security12bTitle	Common Stock, par value of $0.0001 per share
	dei	Trading Symbol TradingSymbol	LOCL
	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2024Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	8655669	shares
CY2024Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	317000	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	10326000	usd
CY2024Q3	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	6490000	usd
CY2023Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	6569000	usd
CY2024Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	2044000	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3078000	usd
CY2024Q3	us-gaap	Inventory Net InventoryNet	6547000	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	4210000	usd
CY2024Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1905000	usd
CY2023Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2805000	usd
CY2023Q4	us-gaap	Assets Current AssetsCurrent	26988000	usd
	dei	Entity Registrant Name EntityRegistrantName	Local Bounti Corporation/DE
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Shell Company EntityShellCompany	false
CY2024Q3	us-gaap	Assets Current AssetsCurrent	17303000	usd
CY2024Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	371368000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	313166000	usd
CY2024Q3	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	293000	usd
CY2023Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	0	usd
CY2024Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	118000	usd
CY2024Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	38676000	usd
CY2023Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	41353000	usd
CY2024Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	3056000	usd
CY2023Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	73000	usd
CY2024Q3	us-gaap	Assets Assets	430814000	usd
CY2023Q4	us-gaap	Assets Assets	381752000	usd
CY2024Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	16357000	usd
CY2023Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	14640000	usd
CY2024Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	23104000	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	17204000	usd
CY2024Q3	us-gaap	Short Term Borrowings ShortTermBorrowings	13470000	usd
CY2023Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	0	usd
CY2024Q3	locl	Financing Obligation Current FinancingObligationCurrent	42000	usd
CY2023Q4	locl	Financing Obligation Current FinancingObligationCurrent	0	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	97000	usd
CY2024Q3	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	81000	usd
CY2023Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	0	usd
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	31941000	usd
CY2024Q3	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	384938000	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	277985000	usd
CY2024Q3	locl	Financing Obligation Non Current FinancingObligationNonCurrent	49706000	usd
CY2023Q4	locl	Financing Obligation Non Current FinancingObligationNonCurrent	49225000	usd
CY2024Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	65000	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	114000	usd
CY2024Q3	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	218000	usd
CY2023Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	0	usd
CY2024Q3	locl	Warrant Liability Fair Value WarrantLiabilityFairValue	8377000	usd
CY2023Q4	locl	Warrant Liability Fair Value WarrantLiabilityFairValue	7214000	usd
CY2024Q3	us-gaap	Liabilities Liabilities	496427000	usd
CY2024Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2024Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	400000000	shares
CY2024Q3	us-gaap	Common Stock Value CommonStockValue	1000	usd
CY2024Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	321358000	usd
CY2024Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-386972000	usd
CY2024Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	430814000	usd
CY2024Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	10242000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	20691000	usd
CY2023Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	6405000	usd
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	24518000	usd
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	19155000	usd
CY2024Q3	us-gaap	Gross Profit GrossProfit	1413000	usd
CY2023Q3	us-gaap	Gross Profit GrossProfit	405000	usd
	us-gaap	Gross Profit GrossProfit	3550000	usd
	us-gaap	Gross Profit GrossProfit	1536000	usd
CY2024Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	7096000	usd
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	15102000	usd
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	12103000	usd
CY2024Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	12348000	usd
CY2023Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	14406000	usd
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	30642000	usd
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	47091000	usd
CY2024Q3	us-gaap	Operating Expenses OperatingExpenses	19444000	usd
CY2023Q3	us-gaap	Operating Expenses OperatingExpenses	19407000	usd
	us-gaap	Operating Expenses OperatingExpenses	45744000	usd
	us-gaap	Operating Expenses OperatingExpenses	59194000	usd
CY2024Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-18031000	usd
CY2023Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-19002000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-42194000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-57658000	usd
CY2024Q3	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	-1921000	usd
CY2023Q3	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	-1766000	usd
	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	1163000	usd
	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	-16917000	usd
CY2024Q3	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-18312000	usd
CY2023Q3	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-7105000	usd
	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-40420000	usd
	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-17876000	usd
CY2024Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	95000	usd
CY2023Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	83000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	133000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	156000	usd
CY2024Q3	us-gaap	Net Income Loss NetIncomeLoss	-34327000	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	-24258000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-83644000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-58461000	usd
CY2023Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-3.02
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-7.41
CY2023Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	3265000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	2101000	usd
CY2024Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	5868000	usd
CY2023Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	3405000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	15273000	usd
CY2024Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	-670000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-24050000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	-9447000	usd
CY2024Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1875000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	-25267000	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	-32839000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	121333000	usd
	us-gaap	Fair Value Recurring Basis Unobservable Input Reconciliation Liability Gain Loss Statement Of Income Extensible List FairValueRecurringBasisUnobservableInputReconciliationLiabilityGainLossStatementOfIncomeExtensibleList	http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense
	us-gaap	Fair Value Recurring Basis Unobservable Input Reconciliation Liability Gain Loss Statement Of Income Extensible List FairValueRecurringBasisUnobservableInputReconciliationLiabilityGainLossStatementOfIncomeExtensibleList	http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense
CY2024Q3	us-gaap	Liabilities Current LiabilitiesCurrent	53123000	usd
CY2024Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	8650649	shares
CY2023Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	318600000	usd
CY2024Q3	us-gaap	Stockholders Equity StockholdersEquity	-65613000	usd
CY2023Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	5001000	usd
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-9.91
CY2024Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	8568970	shares
CY2024Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	8568970	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7893665	shares
CY2024Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1387000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	12985000	usd
CY2024Q3	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1553000	usd
CY2024Q3	us-gaap	Net Income Loss NetIncomeLoss	-34327000	usd
CY2024Q3	us-gaap	Stockholders Equity StockholdersEquity	-65613000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	6361000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-23527000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	104167000	usd
CY2023Q2	locl	Stockholders Equity Value Cash Paid For Fractional Shares From The Reverse Stock Split StockholdersEquityValueCashPaidForFractionalSharesFromTheReverseStockSplit	3000	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	4792000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-10676000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	98280000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-83644000	usd
	us-gaap	Depreciation Depreciation	10307000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2678000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	5027000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	2101000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	13658000	usd
	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	-55000	usd
	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	5000	usd
	us-gaap	Inventory Write Down InventoryWriteDown	1664000	usd
	us-gaap	Inventory Write Down InventoryWriteDown	385000	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-1652000	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-1375000	usd
	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	1163000	usd
	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	-16917000	usd
	us-gaap	Paid In Kind Interest PaidInKindInterest	23271000	usd
	us-gaap	Paid In Kind Interest PaidInKindInterest	15797000	usd
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	6300000	usd
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	5183000	usd
	us-gaap	Financing Interest Expense FinancingInterestExpense	523000	usd
	us-gaap	Financing Interest Expense FinancingInterestExpense	144000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1090000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-20000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	4002000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	1284000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-903000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-1291000	usd
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	2984000	usd
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	649000	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	5110000	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-493000	usd
	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-23000	usd
	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-104000	usd
	locl	Increase Decrease In Finance Lease Liabilities IncreaseDecreaseInFinanceLeaseLiabilities	21000	usd
	locl	Increase Decrease In Finance Lease Liabilities IncreaseDecreaseInFinanceLeaseLiabilities	0	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	5630000	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	3880000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-28295000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	72629000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-72629000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-117241000	usd
	locl	Proceeds From Financing Obligations ProceedsFromFinancingObligations	0	usd
	locl	Proceeds From Financing Obligations ProceedsFromFinancingObligations	35000000	usd
	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	90851000	usd
	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	101861000	usd
	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	15000	usd
	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	0	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	226000	usd
	locl	Payment Of Fractional Shares Pursuant To Reverse Stock Split PaymentOfFractionalSharesPursuantToReverseStockSplit	0	usd
	locl	Payment Of Fractional Shares Pursuant To Reverse Stock Split PaymentOfFractionalSharesPursuantToReverseStockSplit	3000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	90836000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	136632000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-10088000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-6600000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	16895000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	24938000	usd
CY2024Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	6807000	usd
CY2024Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	317000	usd
CY2023Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	11814000	usd
CY2024Q3	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	6490000	usd
CY2023Q3	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	6524000	usd
CY2024Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	6807000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	18338000	usd
	locl	Warrants Issued In Connection With Debt Modification WarrantsIssuedInConnectionWithDebtModification	0	usd
	locl	Warrants Issued In Connection With Debt Modification WarrantsIssuedInConnectionWithDebtModification	25697000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	3123000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	1910000	usd
	locl	Noncash Interest Capitalized To Property And Equipment Net NoncashInterestCapitalizedToPropertyAndEquipmentNet	10460000	usd
	locl	Noncash Interest Capitalized To Property And Equipment Net NoncashInterestCapitalizedToPropertyAndEquipmentNet	9486000	usd
	locl	Stock Based Compensation Capitalized To Property And Equipment Net StockBasedCompensationCapitalizedToPropertyAndEquipmentNet	655000	usd
	locl	Stock Based Compensation Capitalized To Property And Equipment Net StockBasedCompensationCapitalizedToPropertyAndEquipmentNet	1451000	usd
	locl	Non Cash Equity Settlement On Employee Receivable NonCashEquitySettlementOnEmployeeReceivable	176000	usd
CY2024Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-387000000.0	usd
CY2024Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	6800000	usd
CY2024Q3	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	431700000	usd
CY2024Q3	us-gaap	Inventory Raw Materials InventoryRawMaterials	2728000	usd
CY2023Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	1843000	usd
CY2024Q3	us-gaap	Inventory Work In Process InventoryWorkInProcess	6127000	usd
CY2023Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	3010000	usd
CY2024Q3	us-gaap	Inventory Finished Goods InventoryFinishedGoods	109000	usd
CY2023Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	110000	usd
CY2024Q3	us-gaap	Inventory Adjustments InventoryAdjustments	2417000	usd
CY2023Q4	us-gaap	Inventory Adjustments InventoryAdjustments	753000	usd
CY2024Q3	us-gaap	Inventory Net InventoryNet	6547000	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	4210000	usd
CY2024Q3	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization	23641000	usd
CY2023Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization	13334000	usd
CY2024Q3	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	371368000	usd
CY2023Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	313166000	usd
CY2024Q3	us-gaap	Depreciation Depreciation	5000000.0	usd
CY2023Q3	us-gaap	Depreciation Depreciation	1700000	usd
	us-gaap	Depreciation Depreciation	10300000	usd
	us-gaap	Depreciation Depreciation	5200000	usd
CY2024Q3	locl	Accrued Interest Current AccruedInterestCurrent	15211000	usd
CY2023Q4	locl	Accrued Interest Current AccruedInterestCurrent	9786000	usd
CY2024Q3	locl	Accrued Construction Expenses Current AccruedConstructionExpensesCurrent	3265000	usd
CY2023Q4	locl	Accrued Construction Expenses Current AccruedConstructionExpensesCurrent	2995000	usd
CY2024Q3	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	1245000	usd
CY2023Q4	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	2596000	usd
CY2024Q3	locl	Accrued Production Materials And Supplies Current AccruedProductionMaterialsAndSuppliesCurrent	1230000	usd
CY2023Q4	locl	Accrued Production Materials And Supplies Current AccruedProductionMaterialsAndSuppliesCurrent	690000	usd
CY2024Q3	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	379000	usd
CY2023Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	411000	usd
CY2024Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	1774000	usd
CY2023Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	726000	usd
CY2024Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	23104000	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	17204000	usd
CY2024Q3	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	33242000	usd
CY2023Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	39542000	usd
CY2024Q3	us-gaap	Long Term Debt LongTermDebt	398408000	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	277985000	usd
CY2024Q3	us-gaap	Long Term Debt Current LongTermDebtCurrent	13470000	usd
CY2023Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	0	usd
CY2024Q3	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	384938000	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	277985000	usd
CY2024Q3	us-gaap	Net Income Loss NetIncomeLoss	-34327000	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	-24258000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-83644000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-58461000	usd
CY2024Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	8568970	shares
CY2024Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	8568970	shares
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	8019561	shares
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	8019561	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	8436727	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	8436727	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7893665	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7893665	shares
CY2024Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-4.01
CY2024Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-4.01
CY2023Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-3.02
CY2023Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-3.02
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-9.91
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-9.91
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-7.41
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-7.41
CY2024Q3	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q3	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q3	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2024Q3	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
0001840780-24-000028-index-headers.html	Edgar Link	pending
0001840780-24-000028-index.html	Edgar Link	pending
0001840780-24-000028.txt	Edgar Link	pending
0001840780-24-000028-xbrl.zip	Edgar Link	pending
exhibit311-10xqq32024.htm	Edgar Link	pending
exhibit312-10xqq32024.htm	Edgar Link	pending
exhibit321-10xqq32024.htm	Edgar Link	pending
exhibit322-10xqq32024.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
locl-20240930.htm	Edgar Link	pending
locl-20240930.xsd	Edgar Link	pending
locl-20240930_g1.gif	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
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R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
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R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
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R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
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R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
locl-20240930_cal.xml	Edgar Link	unprocessable
locl-20240930_def.xml	Edgar Link	unprocessable
locl-20240930_lab.xml	Edgar Link	unprocessable
locl-20240930_pre.xml	Edgar Link	unprocessable
locl-20240930_htm.xml	Edgar Link	completed
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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Local Bounti Corporation/DE Stock $locl

2024 Q4 Form 10-Q Financial Statement

#000184078024000028 Filed on November 14, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LOCL Local Bounti Corporation/DE Stock $locl

2024 Q4 Form 10-Q Financial Statement

#000184078024000028 Filed on November 14, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LOCL
Local Bounti Corporation/DE Stock $locl