{"schema_version":"secwatch.filing_event.v1","accession":"0001840780-24-000026","form_type":"8-K","ticker":"LOCL","cik":"0001840780","company_name":"Local Bounti Corporation/DE","filed_at":"2024-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.972636+00:00","generated_at":"2026-05-30T00:36:12.451970+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Local Bounti Q3 sales up 50% to $10.2M; net loss $34.3M; targets positive EBITDA by Q2 2025","bullets":["Sales $10.2M (+50% YoY); adjusted gross margin ~32%, up 300bps sequentially.","Net loss $34.3M vs $24.3M prior year; adjusted EBITDA loss improved to $8.4M from $9.0M.","Q4 2024 revenue guidance ~$11M (67% YoY growth); positive adjusted EBITDA target pushed to Q2 2025.","Cash $6.8M at quarter end; received additional $6M from lender post-quarter for working capital.","Reconfigured growing mix due to demand for specialty products (Arugula, Spinach); shipped from only half of Texas facility."],"urls":{"canonical":"https://secwatch.observer/filing/0001840780-24-000026","json":"https://secwatch.observer/filing/0001840780-24-000026.json","markdown":"https://secwatch.observer/filing/0001840780-24-000026.md","text":"https://secwatch.observer/filing/0001840780-24-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1840780/000184078024000026/0001840780-24-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1840780/000184078024000026/locl-20241114.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T00:36:12.451970+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}