secwatch.observer — SEC 8-K summary
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Issuer:     Local Bounti Corporation/DE (LOCL)
CIK:        0001840780
Form:       8-K
Filed at:   2026-05-13T11:43:53+00:00
Accession:  0001628280-26-034375
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Local Bounti Q1 2026 revenue $13.3M (+15% YoY), net loss improves to $12.7M from $37.7M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840780/000162828026034375/0001628280-26-034375-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840780/000162828026034375/locl-20260513.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-034375

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer