---
schema_version: "secwatch.filing_event.v1"
accession: "0001840780-22-000016"
form_type: "8-K"
ticker: "LOCL"
cik: "0001840780"
company_name: "Local Bounti Corporation/DE"
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T23:49:24.840832+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Local Bounti Q3 revenue $6.3M (vs $0.2M prior), net loss $27.1M; reaffirms FY22 guidance at least $20M

## Summary
- Q3 2022 revenue $6.3M, up from $0.2M a year ago; net loss $27.1M vs $10.8M prior.
- Adjusted EBITDA loss $7.3M vs $5.5M prior; adjusted gross margin ~38%.
- Five-year offtake agreement with Sam's Club; initial shipments expected November 2022.
- Closed $23.3M PIPE in Oct 2022 from Fidelity and BNP Paribas; total liquidity >$80M.
- Georgia facility shipping product; Texas site selected; Pasco, WA facility on track.

## SEC filing metadata
- accession: 0001840780-22-000016
- form_type: 8-K
- ticker: LOCL
- cik: 0001840780
- company_name: Local Bounti Corporation/DE
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840780/000184078022000016/0001840780-22-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840780/000184078022000016/locl-20221110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001840780-22-000016
- JSON: https://secwatch.observer/filing/0001840780-22-000016.json
- Plain text: https://secwatch.observer/filing/0001840780-22-000016.txt

## Key facts
- Earnings Releases
  Local Bounti Corporation/DE reported the quarter ended September 30, 2022 results: revenue $6.3 million, net income Net loss was $27.1 million. Guidance reaffirmed.
  - Period: the quarter ended September 30, 2022
  - Revenue: $6.3 million
  - Net income: Net loss was $27.1 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: as expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Local Bounti Announces Third Quarter 2022 Financial Results Third quarter revenue of $6.3 million, compared to $0.2 million in the prior year period Previously announced 5-year offtake agreement with Sam's Club for Local Bounti's leafy greens production Reaffirms full year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840780/000184078022000016/0001840780-22-000016-index.htm

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