---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-022773"
form_type: "8-K"
ticker: "LOCL"
cik: "0001840780"
company_name: "Local Bounti Corporation/DE"
filed_at: "2022-08-15T23:59:59+00:00"
generated_at: "2026-06-24T00:04:05.068705+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Local Bounti Q2 revenue $6.3M, net loss $31.7M; reaffirms FY2022 guidance of at least $20M

## Summary
- Revenue of $6.3M vs $0.1M prior year; gross profit negative $12K; adjusted gross margin ~38%.
- Net loss $31.7M; adjusted EBITDA loss $7.9M (excl. $11.7M stock-based comp, $5.5M interest).
- Georgia Phase 1-A commenced commercial ops July 2022; Phase 1-B construction started, completion expected Q2 2023.
- Texas selected as next facility site; Pasco, WA construction to recommence September 2022.
- FY2022 sales guidance reaffirmed at at least $20M (includes partial Pete's acquisition contribution).

## SEC filing metadata
- accession: 0001628280-22-022773
- form_type: 8-K
- ticker: LOCL
- cik: 0001840780
- company_name: Local Bounti Corporation/DE
- filed_at: 2022-08-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840780/000162828022022773/0001628280-22-022773-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840780/000162828022022773/locl-20220815.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-022773
- JSON: https://secwatch.observer/filing/0001628280-22-022773.json
- Plain text: https://secwatch.observer/filing/0001628280-22-022773.txt

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