---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-145098"
form_type: "8-K"
ticker: "LOCL"
cik: "0001840780"
company_name: "Local Bounti Corporation/DE"
filed_at: "2022-05-09T23:59:59+00:00"
generated_at: "2026-06-25T22:38:47.330180+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Local Bounti Q1 sales $282K, net loss $25.8M; reaffirms FY2022 guidance of at least $20M

## Summary
- Sales of $282K vs $57K prior year; gross margin 17% (39% adjusted gross margin excluding depreciation).
- Net loss $25.8M, including $3.9M acquisition costs and $11.0M stock-based compensation; adjusted EBITDA loss $8.5M.
- Closed Pete's acquisition on April 4 for $122.5M; Pete's Q1 stand-alone sales $5.9M, FY2021 sales $22.7M.
- Georgia facility Phase 1-A to commence operations July 2022; Phase 1-B construction starts June 2022 with Stack & Flow integration.
- Cash and equivalents $76.4M at quarter end; 86.5M shares outstanding; 11.5M warrants and ~10M RSUs.

## SEC filing metadata
- accession: 0001193125-22-145098
- form_type: 8-K
- ticker: LOCL
- cik: 0001840780
- company_name: Local Bounti Corporation/DE
- filed_at: 2022-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840780/000119312522145098/0001193125-22-145098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840780/000119312522145098/d355506d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-145098
- JSON: https://secwatch.observer/filing/0001193125-22-145098.json
- Plain text: https://secwatch.observer/filing/0001193125-22-145098.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.