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AI brief of an SEC Form 8-K · Local Bounti Corporation/DE (LOCL)

Local Bounti Sales Rise 14% to $13.9 Million in Q2; Net Loss Narrows to $19.8 Million

Positive Impact 3 of 5 earnings Written later

Local Bounti reported second-quarter 2026 sales of $13.9 million, up 14% from $12.1 million a year earlier, and a net loss of $19.8 million, down from $21.6 million. Adjusted EBITDA loss narrowed 17% to $5.8 million, while gross profit fell to $1.0 million from $1.5 million. The company also disclosed a $12.5 million investment from an existing strategic investor after quarter end, and it said the results are preliminary because its Form 10-Q has not been filed.

Key points

  • Sales were $13.9 million, up 14% from $12.1 million a year earlier and up 4% from $13.3 million in the first quarter of 2026.
  • Net loss was $19.8 million versus $21.6 million; adjusted EBITDA loss was $5.8 million versus $7.1 million.
  • Gross profit was $1.0 million versus $1.5 million; adjusted gross margin was 27% versus 30%.
  • After June 30, 2026, an existing strategic investor provided $12.5 million via a convertible note and warrant; cash and restricted cash were $10.1 million at June 30, 2026.

The filing

CompanyLocal Bounti Corporation/DE (LOCL)
Form8-K, current report
Filed with the SECAug 12, 2026, 7:31 AM ET
Accession number0001628280-26-055950

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 12, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.