Local Bounti Announces First Quarter 2024 Financial Results
Sales increased 25% to $8.4 million in the first quarter of 2024, as compared to $6.7 million in the prior year period.
- Sales increased 25% to $8.4 million in the first quarter of 2024, as compared to $6.7 million in the prior year period.
- The Company expects to receive those results later in the second quarter of 2024.
- In February 2024, the United States Patent and Trademark Office issued a patent to Local Bounti for its proprietary Stack & Flow Technology.
- In the second quarter of 2024, Local Bounti expects to close on its four previously disclosed Conditional Commitment Letters ("CCLs") from a commercial finance lender that were executed in the second half of 2023.