Local Bounti Corporation (LOCL) reported Q2 EPS of ($0.36), $0.16 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $6.3 million versus the consensus estimate of $5.86 million.
Financial Outlook:
Management is reaffirming its full year 2022 sales guidance of at least $20 million, including partial year contribution from its acquisition of Pete's which closed on April 4, 2022.