---
schema_version: "secwatch.filing_event.v1"
accession: "0001840780-23-000043"
form_type: "8-K"
ticker: "LOCL"
cik: "0001840780"
company_name: "Local Bounti Corporation/DE"
filed_at: "2023-10-30T23:59:59+00:00"
generated_at: "2026-06-09T06:13:00.386479+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Local Bounti Q3 sales rise 8% to $6.8M; net loss $24.3M; NYSE listing risk flagged

## Summary
- Net loss of $24.3M vs $27.1M a year ago; adjusted EBITDA loss widened to $9.0M from $7.3M.
- Sales of $6.8M, up from $6.3M; revised FY2023 guidance to $30-34M from prior range.
- Georgia facility Stack integration completed; Texas and Washington facilities on track for late Q4 2023 and early Q1 2024.
- Ended Q3 with $18.3M cash; secured $10M additional working capital from Cargill (closing Nov); USDA lender commitment up to $228M.
- NYSE warned of potential delisting if avg share price stays below $1 for 30 days or market cap below $15M; warrants already halted.

## SEC filing metadata
- accession: 0001840780-23-000043
- form_type: 8-K
- ticker: LOCL
- cik: 0001840780
- company_name: Local Bounti Corporation/DE
- filed_at: 2023-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840780/000184078023000043/0001840780-23-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840780/000184078023000043/locl-20231029.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001840780-23-000043
- JSON: https://secwatch.observer/filing/0001840780-23-000043.json
- Plain text: https://secwatch.observer/filing/0001840780-23-000043.txt

## Key facts
- Earnings Releases
  Local Bounti Corporation/DE reported the three months ended September 30, 2023 results: revenue $6.8 million, net income $24.3 million.
  - Period: the three months ended September 30, 2023
  - Revenue: $6.8 million
  - Net income: $24.3 million
  - Result: reported results
  source text: levels it will provide for our customers, we expect to begin delivering an acceleration in growth in the coming quarters." Third Quarter 2023 Financial Summary • Sales of $6.8 million in the third quarter of 2023, as compared to $6.3 million in the prior year period. • Gross profit was $0.4 million in the third quarter of 2023. Adjusted gross margin percentage
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840780/000184078023000043/0001840780-23-000043-index.htm

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