---
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"
generated_at: "2026-06-02T07:00:46.024337+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Local Bounti Q1 sales $8.4M (+25% YoY); FY2024 guidance $50-60M; targets $228M financing

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001840780-24-000014
- JSON: https://secwatch.observer/filing/0001840780-24-000014.json
- Plain text: https://secwatch.observer/filing/0001840780-24-000014.txt

## Key facts
- Earnings Releases
  Local Bounti Corporation/DE reported the three months ended March 31, 2024 results: revenue $8.4 million, net income $24.1 million. Guidance initiated.
  - Period: the three months ended March 31, 2024
  - Revenue: $8.4 million
  - Net income: $24.1 million
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1840780/000184078024000014/0001840780-24-000014-index.htm

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