{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-034375","form_type":"8-K","ticker":"LOCL","cik":"0001840780","company_name":"Local Bounti Corporation/DE","filed_at":"2026-05-13T11:43:53+00:00","discovered_at":"2026-05-13T11:45:00.370932+00:00","generated_at":"2026-05-13T11:45:54.758039+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Local Bounti Q1 2026 revenue $13.3M (+15% YoY), net loss improves to $12.7M from $37.7M","bullets":["Revenue $13.3M vs $11.6M prior year; gross profit stable at $1.5M; adjusted gross margin 29%.","Net loss $12.7M vs $37.7M; adjusted EBITDA loss improved 35% to $5.7M.","Received $15M investment from existing strategic investor in March 2026; ended quarter with $18.8M cash.","Secured two new retail accounts including national rollout across 250+ stores; services ~13,000 doors.","Issued U.S. patent for AI-driven growing optimization (Feb 2026); tower upgrades delivered ~10% yield increase."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-034375","json":"https://secwatch.observer/filing/0001628280-26-034375.json","markdown":"https://secwatch.observer/filing/0001628280-26-034375.md","text":"https://secwatch.observer/filing/0001628280-26-034375.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1840780/000162828026034375/0001628280-26-034375-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1840780/000162828026034375/locl-20260513.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-13T11:45:54.758039+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"86975751d0cba4adf3a99fbbe1be8c3ace79552d","claim":"Local Bounti Corporation/DE reported the three months ended March 31, 2026 results: revenue $11.6 million, net income $37.7 million.","evidence_excerpt":"great position to capture demand for efficient capacity as the industry continues its migration to CEA products.” First Quarter 2026 Financial Summary • Sales increased 15% to $13.3 million in the first quarter of 2026, as compared to $11.6 million in the prior year period. The increase was due to increased production and growth in sales from the facilities in","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1840780/000162828026034375/0001628280-26-034375-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2026"},{"label":"Revenue","value":"$11.6 million"},{"label":"Net income","value":"$37.7 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"86975751d0cba4adf3a99fbbe1be8c3ace79552d","claim":"Local Bounti Corporation/DE reported the three months ended March 31, 2026 results: revenue $11.6 million, net income $37.7 million.","evidence_excerpt":"the industry continues its migration to CEA products.” First Quarter 2026 Financial Summary • Sales increased 15% to $13.3 million in the first quarter of 2026, as compared to $11.6 million in the prior year period. The increase was due to increased production and growth in sales from the facilities in Georgia, Texas, and Washington. • Gross profit was stable versus","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1840780/000162828026034375/0001628280-26-034375-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2026"},{"label":"Revenue","value":"$11.6 million"},{"label":"Net income","value":"$37.7 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}