LOCL · Local Bounti Corporation/DE · Analyst Estimates
$1.28
-0.02 (-1.54%)
At close · Sep 14
Going-concern doubt
— cleared Aug 12, 2026
The latest filing states the doubt was alleviated.
“The Company's expectation of generating operating losses and negative operating cash flows in the future, and the need for additional funding to support the Company's planned operations initially raised substantial doubt regarding its ability to continue as a going concern. However, based on management's current operating plan, the Company believes its cash on hand, projected cash generated from product sales, as well as the financing completed on August 7, 2026, which provided $12.5 million of gross proceeds through the issuance of a convertible note and warrant as disclosed in Note 13, Subsequent Events, will be sufficient to fund the Company's operations for at least 12 months from the issuance date of the accompanying Consolidated Financial Statements and alleviate the conditions that initially raised substantial doubt about the Company's ability to continue as a going concern.”View the 10-Q filed Aug 12, 2026
Market Cap
$30.39M
Shares
23.38M
Analyst Estimates
Compare analyst forecasts for Local Bounti Corporation/DE across metrics and forecast periods.
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Only independently verified consensus published through the company's investor-relations sources is available.
Consensus not yet available
Only independently verified consensus published through the company's investor-relations sources is available.