{"schema_version":"secwatch.filing_event.v1","accession":"0001840780-23-000019","form_type":"8-K","ticker":"LOCL","cik":"0001840780","company_name":"Local Bounti Corporation/DE","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.080394+00:00","generated_at":"2026-06-15T07:03:28.087720+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Local Bounti Q1 sales $6.7M; reaffirms FY2023 guidance $34-40M","bullets":["Sales grew to $6.7M from $0.3M; net loss $23.5M vs $25.8M prior year.","Adjusted EBITDA loss $7.4M; reaffirms FY2023 sales guidance $34-40M.","Cash $7.5M; $116.5M undrawn Cargill credit; completed $35M sale-leaseback in April 2023.","Georgia Stack integration on track for Q4 2023; Texas facility to commence Q4 2023; Washington Q1 2024.","Entered term sheets for up to $90M USDA debt; expects first $35M closing in Q2 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001840780-23-000019","json":"https://secwatch.observer/filing/0001840780-23-000019.json","markdown":"https://secwatch.observer/filing/0001840780-23-000019.md","text":"https://secwatch.observer/filing/0001840780-23-000019.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1840780/000184078023000019/0001840780-23-000019-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1840780/000184078023000019/locl-20230510.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T07:03:28.087720+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":"d18507dcccac88d23e6f15459b617d6da98e37ba","claim":"Local Bounti Corporation/DE reported the three months ended March 31, 2023 results: revenue $6.7 million, net income $23.5 million. Guidance reaffirmed.","evidence_excerpt":"that we have the funding required to drive the business and achieve breakeven adjusted EBITDA by the end of 2024 or early 2025.\" First Quarter 2023 Financial Summary • Sales of $6.7 million in the first quarter of 2023, as compared to $0.3 million in the prior year period. • Gross profit was $0.3 million in the first quarter of 2023. Adjusted gross margin percentage","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1840780/000184078023000019/0001840780-23-000019-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Revenue","value":"$6.7 million"},{"label":"Net income","value":"$23.5 million"},{"label":"Guidance","value":"reaffirmed"},{"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"}