{"schema_version":"secwatch.filing_event.v1","accession":"0001840780-23-000029","form_type":"8-K","ticker":"LOCL","cik":"0001840780","company_name":"Local Bounti Corporation/DE","filed_at":"2023-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.657628+00:00","generated_at":"2026-06-11T23:19:17.236089+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Local Bounti Q2 sales $7.2M, net loss $10.7M; reaffirms FY2023 guidance $34-$40M","bullets":["Sales $7.2M vs $6.3M YoY; gross profit $0.9M; adjusted gross margin ~28% excl. depreciation and non-recurring items.","Net loss $10.7M vs $31.7M YoY; adjusted EBITDA loss $8.3M vs $7.9M prior year.","Cash & restricted cash $40.4M; $66.6M available under Cargill credit facility; completed sale-leaseback netting ~$35M.","Georgia Phase 1-C ~90% enclosed; Texas facility to begin Stack installation in Q3; Washington steel complete, glass installation progressing.","Company expects to reach breakeven adjusted EBITDA by end of 2024 or early 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001840780-23-000029","json":"https://secwatch.observer/filing/0001840780-23-000029.json","markdown":"https://secwatch.observer/filing/0001840780-23-000029.md","text":"https://secwatch.observer/filing/0001840780-23-000029.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1840780/000184078023000029/0001840780-23-000029-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1840780/000184078023000029/locl-20230809.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T23:19:17.236089+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":"33f7c7a17c5d21d1ccdee740b253661cc44fbbd2","claim":"Local Bounti Corporation/DE reported for the three months ended June 30, 2023 results: revenue $7.2 million, net income $10.7 million. Guidance reaffirmed.","evidence_excerpt":"of this process, we have taken immediate steps to optimize our resources and add key talent that will support our initiatives.\" Second Quarter 2023 Financial Summary • Sales of $7.2 million in the second quarter of 2023, as compared to $6.3 million in the prior year period. • Gross profit was $0.9 million in the second quarter of 2023. Adjusted gross margin","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1840780/000184078023000029/0001840780-23-000029-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"for the three months ended June 30, 2023"},{"label":"Revenue","value":"$7.2 million"},{"label":"Net income","value":"$10.7 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"}