Local Bounti (NYSE:LOCL) reported quarterly losses of $(4.32) per share. This is a 49.48 percent decrease over losses of $(2.89) per share from the same period last year. The company reported quarterly sales of $11.605 million which beat the analyst consensus estimate of $11.300 million by 2.70 percent. This is a 38.43 percent increase over sales of $8.383 million the same period last year.