- Local Bounti Corp (NYSE:LOCL) reported second-quarter FY22 sales of $6.27 million, beating the consensus of $5.25 million. The company reported $0.108 million in sales in the prior year period.
- Gross loss for the quarter was $(12) thousand versus a gross profit of $27 thousand a year earlier.
- The operating expenses shot up over 600% to $26.2 million.
- The loss from operations widened sharply to $(26.2) million.
- The company held $41.3 million in cash and equivalents as of June 30, 2022.
- Loss per share of $(0.36) missed the analyst consensus of $(0.19).
- The company reaffirmed its FY22 sales guidance of at least $20 million, including partial year contribution from its acquisition of Pete’s, which closed on April 4, 2022.
- Price Action: LOCL shares closed lower by 8.56% at $3.74 on Friday.
Paycom Software Q4 EPS $1.73 Beats $1.49 Estimate, Sales $370.00M Beat $366.77M Estimate
Paycom Software (NYSE:PAYC) reported quarterly earnings of $1.73 per share which beat the analyst consensus estimate of $1.49 by 16.11 percent. This is a 55.86 percent increase over earnings of $1.11 per share from the
