{"schema_version":"secwatch.filing_event.v1","accession":"0001840780-24-000014","form_type":"8-K","ticker":"LOCL","cik":"0001840780","company_name":"Local Bounti Corporation/DE","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.668303+00:00","generated_at":"2026-06-02T07:00:46.024337+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Local Bounti Q1 sales $8.4M (+25% YoY); FY2024 guidance $50-60M; targets $228M financing","bullets":["Sales $8.4M, up 25% YoY; net loss $24.1M; adj EBITDA loss $6.9M (improved from $9.4M in Q4'23).","FY2024 sales guidance $50-60M, doubling 2023; first shipments from TX and WA facilities in Q2.","Expects to close $228M in financing commitments in Q2 for expansions and new Midwest facility.","New retail wins: Albertsons Seattle, Brookshire's; expanding Grab-and-Go Salad Kits."],"urls":{"canonical":"https://secwatch.observer/filing/0001840780-24-000014","json":"https://secwatch.observer/filing/0001840780-24-000014.json","markdown":"https://secwatch.observer/filing/0001840780-24-000014.md","text":"https://secwatch.observer/filing/0001840780-24-000014.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1840780/000184078024000014/0001840780-24-000014-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1840780/000184078024000014/locl-20240509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T07:00:46.024337+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":"be86576539be7c3c5840c171acafb456ac66d501","claim":"Local Bounti Corporation/DE reported the three months ended March 31, 2024 results: revenue $8.4 million, net income $24.1 million. Guidance initiated.","evidence_excerpt":"the second half of this year to achieve our full year guidance, which calls for a doubling of revenue versus 2023.\" First Quarter 2024 Financial Summary • Sales increased 25% to $8.4 million in the first quarter of 2024, as compared to $6.7 million in the prior year period. The increase was primarily due to increased production and growth in sales from the Company's","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1840780/000184078024000014/0001840780-24-000014-index.htm","confidence":0.92,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2024"},{"label":"Revenue","value":"$8.4 million"},{"label":"Net income","value":"$24.1 million"},{"label":"Guidance","value":"initiated"},{"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"}