Local Bounti reports Q2 EPS ($1.35), consensus ($2.71)

Reports Q2 revenue $7.2M, consensus $6.94M. Anna Fabrega, CEO of Local Bounti, stated, “I’m proud to be part of this organization and I’m energized by the opportunities we have ahead of us. We are simultaneously ramping up our growing capacity, establishing consistent operational protocols, expanding our distribution network and enhancing penetration by offering new and innovative products. Individually, each of these represent an opportunity to materially advance our business – and collectively, our ability to accomplish these goals in a disciplined fashion represents a massive opportunity to generate economic value for our employees and shareholders alike. We look forward to demonstrating our progress in the quarters and years to come.”