Local Bounti Corporation (LOCL) Q3 2024 Earnings Call Transcript Summary
Local Bounti Corporation (LOCL) Q3 2024 Earnings Call Transcript Summary
Third quarter adjusted EBITDA loss improved by $600,000 to $8.4 million.The following is a summary of the Local Bounti Corporation (LOCL) Q3 2024 Earnings Call Transcript:
以下是Local Bounti Corporation (LOCL) 2024年第三季度業績會交易簡報：
Financial Performance:
財務表現：
Local Bounti reported Q3 2024 sales of $10.2 million, a 50% increase year-over-year, though falling short of expectations due to a strategic shift in product mix.
Adjusted gross margin reached 32%, improving due to operational efficiencies and product optimization.
Third quarter adjusted EBITDA loss improved by $600,000 to $8.4 million.
Local Bounti報告2024年第三季度銷售額爲1020萬美元，同比增長50%，但由於產品組合戰略轉變落後預期。
調整後的毛利率達到32%，由於運營效率和產品優化的改善。
第三季度調整後的EBITDA虧損改善了60萬美元，達到840萬美元。
Business Progress:
業務進展：
Local Bounti expanded with new facilities in Washington and Texas, and transitioned the Montana facility from R&D to commercial production, adding basil to its product line.
Introduced high-demand product lines like Arugula and Spinach, received well by customers, contributing to sales late Q3.
Strengthened commercial relationships, notably with Brookshire Grocery Company, Sam's Club, and a national grocer in the Pacific Northwest.
Adjusted Q4 2024 revenue growth expectations to approximately $11 million, driven by optimized production and expansion of new product assortments.
Local Bounti在華盛頓和德克薩斯州新建設施，並將蒙大納設施從研發轉變爲商業生產，將羅勒列入產品線。
推出了高需求的產品系列如芝麻菜和菠菜，受到顧客好評，並促進了第三季度末的銷售。
加強商業關係，尤其是與Brookshire Grocery Company，Sam's Club和太平洋西北地區的一家全國性雜貨商。
將2024年第四季度營業收入增長預期調整爲約1100萬美元，受到生產優化和新產品種類擴大的推動。
Opportunities:
機會：
Continued investment in capacity expansion and operational efficiency to meet growing customer demand.
Leveraging technology and controlled-environment agriculture to offer a consistent supply of safe, high-quality produce, increasingly crucial due to challenges in traditional agriculture.
繼續投資於擴大產能和提高運營效率，以滿足日益增長的客戶需求。
利用科技和受控環境農業，提供一致的、安全高質量的農產品供應，由於傳統農業面臨挑戰，變得越來越重要。
Risks:
風險：
Delays in reaching production optimization, particularly at the Texas facility, with full run rate expected by Q2 2025.
Potential impacts from not closing financial transactions meant to support strategic growth due to ongoing evaluations.
在達到生產優化方面出現延遲，特別是在德克薩斯州設施，預計全面運行速率將在2025年第二季度之前達到。
由於持續評估，未能完成支持戰略增長的財務交易可能會帶來潛在影響。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
