Local Bounti Q3 EPS $(1.18) Misses $(0.65) Estimate, Sales $12.200M Miss $12.500M Estimate

Local Bounti (NYSE:LOCL) reported quarterly losses of $(1.18) per share which missed the analyst consensus estimate of $(0.65) by 81.54 percent. This is a 70.57 percent increase over losses of $(4.01) per share from the same period last year. The company reported quarterly sales of $12.200 million which missed the analyst consensus estimate of $12.500 million by 2.40 percent. This is a 19.12 percent increase over sales of $10.242 million the same period last year.