---
schema_version: "secwatch.filing_event.v1"
accession: "0001840780-24-000022"
form_type: "8-K"
ticker: "LOCL"
cik: "0001840780"
company_name: "Local Bounti Corporation/DE"
filed_at: "2024-08-13T23:59:59+00:00"
generated_at: "2026-05-31T09:49:13.372068+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Local Bounti Q2 revenue +31% to $9.4M; net loss $25.3M; reiterates FY guidance

## Summary
- Revenue $9.4M (+31% YoY); operating loss improved to $13.9M from $19.4M.
- Net loss $25.3M vs $10.7M (prior-year included $15.2M non-cash warrant benefit); adj. EBITDA loss $7.5M.
- Reiterates FY2024 sales guidance $50-60M; targets positive adjusted EBITDA early 2025.
- Negotiating up to $175M additional financing (total ~$400M) for expansion and working capital; closing expected Q3 2024.
- Began shipping to Sam's Club (6 DCs) and Brookshire's from new Texas facility; Salad Kits expanding to ~700 doors.

## SEC filing metadata
- accession: 0001840780-24-000022
- form_type: 8-K
- ticker: LOCL
- cik: 0001840780
- company_name: Local Bounti Corporation/DE
- filed_at: 2024-08-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840780/000184078024000022/0001840780-24-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840780/000184078024000022/locl-20240813.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001840780-24-000022
- JSON: https://secwatch.observer/filing/0001840780-24-000022.json
- Plain text: https://secwatch.observer/filing/0001840780-24-000022.txt

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