LOCL · Local Bounti Corporation/DE
The latest filing states the doubt was alleviated.
“The Company's expectation of generating operating losses and negative operating cash flows in the future, and the need for additional funding to support the Company's planned operations initially raised substantial doubt regarding its ability to continue as a going concern. However, based on management's current operating plan, the Company believes its cash on hand, projected cash generated from product sales, as well as the financing completed on August 7, 2026, which provided $12.5 million of gross proceeds through the issuance of a convertible note and warrant as disclosed in Note 13, Subsequent Events, will be sufficient to fund the Company's operations for at least 12 months from the issuance date of the accompanying Consolidated Financial Statements and alleviate the conditions that initially raised substantial doubt about the Company's ability to continue as a going concern.”View the 10-Q filed Aug 12, 2026
Price & Indicators
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 12, 2026TL;DR. Local Bounti reported Q2 2026 revenue growth of 14% to $13.9 million and a 17% year-over-year improvement in adjusted EBITDA loss to $(5.8) million, while securing an additional $12.5 million from an existing strategic investor subsequent to quarter end. The company also added five new or expanded retail partnerships over the past two quarters and a Mid-Atlantic pilot launch of its Single Serve Salad Kit in ~400 stores.
- + Q2 revenue grew 14% year-over-year to $13.9 million, with H1 revenue up 15% to $27.2 million.
- + Adjusted EBITDA loss improved 17% year-over-year to $(5.8) million, with the company expecting continued improvement in H2 2026.
- + Added five new or expanded retail partnerships over the past two quarters and secured a fall 2026 Single Serve Salad Kit pilot in ~400 Mid-Atlantic stores.
- + Adjusted G&A expense fell ~17% year-over-year to $4.1 million, and seed costs are down approximately 20% year-over-year.
- − Adjusted gross margin compressed to 27% from 30% in the prior year period due to Georgia facility packing inefficiencies.
- − GAAP net loss widened sequentially to $(19.8) million from $(12.7) million in Q1 2026, driven by a swing from a $5.2 million warrant gain to a $1.4 million warrant loss.
- − Cash, cash equivalents, and restricted cash declined to $10.1 million at quarter end from $18.8 million at the end of Q1 2026, reflecting cash used in operations.
- − Company continues to report ongoing GAAP losses, including a $(19.8) million Q2 net loss and a $(32.5) million H1 2026 net loss, and has not yet achieved positive adjusted EBITDA.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Farm Products — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
LOCL
this stock
Local Bounti Corporation/DE
|
$30.39M | -39.3% | +26.8% | — | 0.3% |
|
ADM
Archer-Daniels-Midland Co
|
$41.80B | +50.8% | -6.2% | 23.7 | 3.0% |
|
BG
Bunge Global SA
|
$23.99B | +37.4% | +32.4% | 28.8 | 3.5% |
|
TSN
Tyson Foods, Inc.
|
$18.64B | -9.6% | +2.1% | 32.7 | 2.5% |
|
CALM
Cal-Maine Foods Inc
|
$3.55B | -7.0% | -31.7% | — | 10.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
Raw-price comparisons begin at the captured split on Jun 15, 2023; windows that need an earlier baseline remain unavailable.
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| LOCL | +18.2% | +14.0% | +12.1% | +26.2% | -39.3% |
| SPY | -1.2% | -1.8% | +17.8% | -0.4% | +12.1% |
| vs SPY | +19.3% | +15.8% | -5.8% | +26.6% | -51.3% |