Local Bounti Corporation (LOCL)

Local Bounti Announces First Quarter 2026 Financial ResultsMay 13, 2026 7:15 AM
PR Newswire (US) Delivered 15% Revenue Growth, Improved Net Loss, and 35% Improvement in Adjusted EBITDA Loss While Advancing Strategic Retail Partnership DiscussionsHAMILTON, Mont., May 13, 2026 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company currently servicing approximately 13,000 retail doors, today announced its financial results for the three months ended March 31, 2026. Kathleen Valiasek, President and CEO of Local Bounti, stated, "Our first quarter results reflect the operating discipline this team has built over the past several quarters — 15% revenue growth, a 35% improvement in adjusted EBITDA loss, and a 30% reduction in adjusted G&A year-over-year. The improvement is grounded in tangible operating progress as our network is now running at full utilization, and the tower upgrades completed across our facilities last year are delivering an approximate 10% increase in run-rate yield capacity, with additional gains expected from the targeted investments we're making in California to support our leading market position in living butterhead lettuce. On the commercial side, the two new retail accounts we secured this quarter — including a national rollout across more than 250 stores — and expansion of an existing relationship, speak to a meaningful improvement in channel mix and to the caliber of partners now choosing to grow with us. Each quarter brings us closer to positive adjusted EBITDA, and I'm proud of the consistency our team continues to deliver."Craig Hurlbert, Executive Chairman of Local Bounti, stated, "Two developments this quarter reinforce the long-term thesis for Local Bounti. The U.S. patent issued in February for our AI-driven growing optimization supports the competitive advantages we have built around our Stack & Flow platform, and the additional $15 million committed by an existing strategic investor signals continued conviction in where we're headed. We continue to advance strategic partnership discussions and believe that we are in great position to capture demand for efficient capacity as the industry continues its migration to CEA products."First Quarter 2026 Financial SummarySales increased 15% to $13.3 million in the first quarter of 2026, as compared to $11.6 million in the prior year period. The increase was due to increased production and growth in sales from the facilities in Georgia, Texas, and Washington.Gross profit was stable versus the prior year period at $1.5 million in the first quarter of 2026. Adjusted gross margin percentage1, which excludes depreciation and stock-based compensation, and other non-core items, was also stable at 29%, relative to both the prior year period and the fourth quarter of 2025.General and administrative expenses decreased by $0.6 million to $7.5 million in the first quarter of 2026, as compared to $8.1 million in the prior year period. The decrease was primarily driven by general cost savings measures. Adjusted general and administrative expense1, which excludes stock-based compensation, depreciation and amortization, and other non-core items decreased 30% to $4.1 million, as compared to $5.8 million in the prior year period.Net loss decreased to $12.7 million in the first quarter of 2026 as compared to net loss of $37.7 million for the prior year period, primarily due to a $14.8 million reduction in net interest expense resulting from the debt restructuring activities the Company completed in the first quarter of 2025.Adjusted EBITDA1 loss improved 35% to $5.7 million, as compared to a loss of $8.8 million in the prior year period. Adjusted EBITDA loss for the first quarter of 2026 excludes $1.0 million in stock-based compensation, $4.0 million in interest expense, $5.6 million of depreciation and amortization, $5.2 million gain on change in fair value of warrant liability, and other non-core items.1See the reconciliation of GAAP measures to non-GAAP measures at the end of this press release for more information.Product DevelopmentLocal Bounti's launch of its family-sized 10-ounce Romano Caesar Salad Kit in the Pacific Northwest continues to build momentum with consumers at retail. After realizing a 75% increase in its baseline velocity (units sold per store per week) during the fourth quarter of 2025, Local Bounti was awarded an additional distribution center with a national retailer in the first quarter of 2026 that is set to launch in May of 2026.The Company continues to pursue growth of its Arugula offering following its successful launch at both its Pasco, WA and Mount Pleasant, TX facilities in 2025. Conventional arugula is often unreliable and insufficient and is a category that the Company believes it can continue to address through leveraging its baby leaf capabilities.Distribution The Company currently services approximately 13,000 retail doors and expanded its retail presence in select southern markets with a new national retailer in the fourth quarter of 2025. During the first quarter of 2026, the Company secured and launched programs with two additional accounts, including a large premier retail customer covering across more than 250 stores with a six SKU rollout, and a large regional retailer. The Company's quarterly sales to a major e-commerce and DTC customer continue to perform strongly following growth of more than 600% during 2025.The Company continues to benefit from strong demand and ongoing support from its long-standing customer base. In the first and early second quarter of 2026, the Company was awarded bids that extend supply programs with multiple national retail accounts through the first quarter of 2027. These commitments span several of the Company's key product lines, including baby leaf lettuce and organic butter lettuce. The awards underscore the strength of the Company's relationships with blue-chip retail partners and reflect those customers' continued confidence in Local Bounti's ability to deliver consistent, high-quality products over the long term.Commercial Facilities UpdateYield EnhancementThe Company continues to advance its yield improvement and cost reduction initiatives across its facility network. Tower upgrades were completed at its Georgia, Texas and Washington facilities during the fourth quarter of 2025, which resulted in enhanced production efficiency and an approximate 10% increase in run-rate yield capacity to reach the Company's highest yields in the Company's history.The Company is also making select investments in its California facilities to improve operational efficiency, which it believes can improve yields by as much as 20%, resulting in increased throughput and enhanced margins.Capacity Expansion ProjectPlans remain in place to build additional capacity across the Company's network of facilities enabled with its patented Stack & Flow Technology®. The expansions are designed to provide additional capacity and allow for the Company's growing product assortment to meet existing demand from Local Bounti's direct relationships with blue-chip retailers and distributors. The timing and scope of these projects, including plans to expand into the Midwest, remain under review pending ongoing discussions with retailers to optimize those facilities for specific products in support of retail commitments and strategies to expand distribution.Intellectual PropertyIn February 2026, Local Bounti was issued U.S. Patent No. 12,557,741, titled "Optimizing Growing Process in a Hybrid Growing Environment Using Computer Vision and Artificial Intelligence." The patent covers the Company's proprietary methods for using computer vision, machine learning, and automated environmental controls to optimize plant growth across its hybrid vertical and greenhouse growing phases. This is a significant milestone that strengthens the competitive moat around Local Bounti's patented Stack & Flow Technology platform and underscores the Company's technology leadership in controlled environment agriculture. The Company has been deploying these capabilities across its Stack & Flow Technology–enabled facilities with tangible results, using AI-driven analysis of plant growth and environmental data to drive improved consistency and yield.Capital StructureThe Company ended the quarter with cash and cash equivalents and restricted cash of $18.8 million as of March 31, 2026.As previously disclosed, in March 2026, the Company received a $15 million investment from an existing strategic investor, further demonstrating continued confidence in Local Bounti's business and long-term growth trajectory. Combined with the transactions the Company executed in 2025, Local Bounti has the financial flexibility to be strategic with partnerships and growth investments as it advances toward profitability.As of March 31, 2026, Local Bounti had approximately 22.8 million shares outstanding, 6.8 million common shares under warrants outstanding, and approximately 2.4 million restricted stock units outstanding. The Company also has out-of-the-money convertible notes that, if converted, would result in the issuance of approximately 9.7 million common shares. Including the shares issuable in the event of conversion of the convertible note, as well as the warrants and restricted stock units, the Company had a fully diluted share count of approximately 41.6 million shares outstanding as of March 31, 2026.Financial OutlookThe Company expects continued sequential improvements in revenue and adjusted EBITDA loss rate in 2026, driven by ongoing sales growth, cost reduction initiatives, and the ramp of its facilities network. Achieving positive adjusted EBITDA remains a key priority, and management believes the trajectory of financial performance demonstrated over the past several quarters position the Company to reach this objective.Conference CallThe Company will host a conference call with members of the Local Bounti executive management team. The conference call is scheduled to begin at 8:00 a.m. ET on Wednesday, May 13, 2026. To participate on the live call, listeners in North America may dial (877) 514-3623 and international listeners may dial +1 (201) 689-8768. The Conference ID is 13760159.In addition, the call will be broadcast live via webcast, hosted at the "Investors" section of the Company's website at localbounti.com and will be archived online.About Local BountiLocal Bounti is redefining indoor farming with an innovative method – its patented Stack & Flow Technology® – that significantly improves crop turns, increases output and improves unit economics. Local Bounti operates advanced indoor growing facilities across the United States, servicing approximately 13,000 retail doors. Local Bounti grows healthy food utilizing a hybrid approach that integrates the best attributes of controlled environment agriculture with natural elements. Local Bounti's sustainable growing methods are better for the planet, using 90% less land and 90% less water than conventional farming methods. With a mission to 'revolutionize agriculture, ensuring accessibility to fresh, sustainable, locally grown produce and nourishing communities everywhere for generations to come,' Local Bounti's food is fresher, more nutritious, and lasts longer than traditional agriculture. To find out more, visit localbounti.com or follow Local Bounti on LinkedIn for the latest news and developments.Forward-Looking StatementsThis press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify these forward-looking statements by the use of terms such as "expect," "will," "continue," "believe," "anticipate," "estimate," "project," "intend," "should," "is to be," or similar expressions, and variations or negatives of these words, but the absence of these words does not mean that a statement is not forward-looking. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including, but not limited to statements regarding improving revenue, sales, costs, margins, and financial metrics; product and customer expansions and related timing; facility operations and adjustments; deployment of new technologies; strategic partnership discussions; commercial opportunities; financial guidance; timing for reaching positive adjusted EBITDA; lowering cost of capital; and sufficiency of capital. These statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied in this press release. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: Local Bounti's ability to continue as a going concern and the risk that Local Bounti will fail to obtain additional necessary capital when needed on acceptable terms or at all; Local Bounti's ability to generate significant revenue; restrictions and covenants contained in Local Bounti's debt facility agreements with Cargill Financial Services International, Inc. and Local Bounti's ability to comply therewith; the risk that the concentrated ownership of our common stock will prevent other stockholders from influencing significant decisions; the risk that Local Bounti may never achieve or sustain profitability; the risk that Local Bounti could fail to effectively manage its future growth; Local Bounti's ability to complete the build out of its current or additional facilities in the future; Local Bounti's reliance on third parties for construction, the risk of delays relating to material delivery and supply chains, and fluctuating material prices; Local Bounti's ability to scale its operations and decrease its cost of goods sold over time; the potential for damage to or problems with Local Bounti's facilities; the impact that current or future acquisitions, investments or expansions of scope of existing relationships have on Local Bounti's business, financial condition, and results of operations; unknown liabilities that may be assumed in acquisitions; Local Bounti's ability to attract and retain qualified employees; Local Bounti's ability to develop and maintain its brand or brands; Local Bounti's ability to achieve its sustainability goals; Local Bounti's ability to maintain its company culture or focus on its vision as it grows; Local Bounti's ability to execute on its growth strategy; the risk of diseases and pests destroying crops; Local Bounti's ability to compete successfully in the highly competitive markets in which it operates; Local Bounti's ability to defend itself against intellectual property infringement claims or other litigation; Local Bounti's ability to effectively integrate the acquired operations of any CEA or similar operations which it acquires into its existing operations; changes in consumer preferences, perception, and spending habits in the food industry; the risk that seasonality may adversely impact Local Bounti's results of operations; Local Bounti's ability to repay, refinance, restructure, or extend its indebtedness as it comes due; Local Bounti's ability to comply with the continued listing requirements of the New York Stock Exchange ("NYSE") or timely cure any noncompliance thereof; and other risks and uncertainties indicated from time to time, including those under "Risk Factors" and "Forward-Looking Statements" in Local Bounti's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 27, 2026, as supplemented by other reports and documents Local Bounti files from time to time with the SEC. Local Bounti cautions that the foregoing list of factors is not exclusive and cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date hereof. Local Bounti does not undertake or accept any obligation or undertaking to update or revise any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based. We have not filed our Quarterly Report on Form 10-Q ("Form 10-Q") for the quarter ended March 31, 2026. As a result, all financial results described in this release should be considered preliminary, and are subject to change to reflect any necessary adjustments or changes in accounting estimates, that are identified prior to the time we file our Form 10-Q.Non-GAAP Financial InformationThis press release contains references to adjusted EBITDA, adjusted gross profit, adjusted gross margin percentage and adjusted general and administrative expense, which are adjusted from results based on generally accepted accounting principles in the United States ("GAAP") and exclude certain expenses, gains, and losses. The Company defines and calculates adjusted EBITDA as net loss attributable to Local Bounti before the impact of interest expense, depreciation, and amortization, and adjusted to exclude stock-based compensation expense, change in fair value of warrant liability, and certain other non-core items. The Company defines and calculates adjusted gross profit as gross profit excluding depreciation and stock-based compensation, and certain other non-core items. The Company defines and calculates adjusted gross margin percentage as adjusted gross profit as a percent of sales. The Company defines and calculates adjusted general and administrative expense as general and administrative expense excluding stock-based compensation, depreciation, amortization, and certain other non-core items.These non-GAAP financial measures are provided to enhance the user's understanding of the Company's prospects for the future and the historical performance for the context of the investor. The Company's management team uses these non-GAAP financial measures to assess performance and planning and forecasting future periods. These non-GAAP financial measures are not computed according to GAAP, and the methods the Company uses to compute them may differ from those used by other companies. Non-GAAP financial measures are supplemental; they should not be considered a substitute for, or superior to, financial information presented in accordance with GAAP and should be read only in conjunction with the Company's consolidated financial statements prepared in accordance with GAAP.Refer to the attached financial supplement for a reconciliation of these non-GAAP financial measures to their most directly comparable GAAP measures for the quarter ended March 31, 2026.LOCAL BOUNTI CORPORATION
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)

March 31,
December 31,
2026
2025Assets


Current assets


Cash and cash equivalents$          12,254
$           4,233Restricted cash6,517
6,486Accounts receivable, net2,865
2,203Inventory, net7,193
7,419Prepaid expenses and other current assets1,363
1,686Total current assets30,192
22,027Property and equipment, net353,436
357,427Finance lease right-of-use assets, net351
214Operating lease right-of-use assets, net39
47Intangible assets, net30,150
30,778Total assets$        414,168
$        410,493



Liabilities and stockholders' deficit


Current liabilities


Accounts payable$          14,378
$          11,782Accrued liabilities3,596
3,653Short-term debt—
—Financing obligation556
762Operating lease liabilities32
32Finance lease liabilities103
81Total current liabilities18,665
16,310Long-term debt


Principal amount328,000
312,250Plus: Debt premium, net of amortization170,309
172,368Less: Debt discount, net of amortization(7,501)
(1,498)Long-term debt, net490,808
483,120Accrued interest, noncurrent19,010
14,515Financing obligation, noncurrent51,381
51,342Operating lease liabilities, noncurrent17
25Finance lease liabilities, noncurrent271
155Warrant liabilities12,037
11,262Total liabilities592,189
576,729Commitments and contingencies


Stockholders' deficit


Common stock, $0.0001 par value, 400,000,000 shares authorized, 22,751,295 and
22,223,800 issued and outstanding as of March 31, 2026 and December 31, 2025,
respectively2
2Additional paid-in capital352,304
351,371Accumulated deficit(530,327)
(517,609)Total stockholders' deficit(178,021)
(166,236)Total liabilities and stockholders' deficit$        414,168
$        410,493 LOCAL BOUNTI CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)

Three Months EndedMarch 31,
2026
2025Sales$         13,337
$         11,605Cost of goods sold(1)(2)11,803
10,144Gross profit1,534
1,461Operating expenses:


Research and development(1)(2)5,715
6,977Sales and marketing(1)2,244
2,114General and administrative(1)(2)7,509
8,104Total operating expenses15,468
17,195Loss from operations(13,934)
(15,734)Other income (expense):


Change in fair value of warrant liabilities5,243
(3,510)Interest expense, net(4,034)
(18,838)Other income, net7
407Net loss(12,718)
(37,675)Less: Deemed dividend to preferred stockholders—
403Net loss attributable to common stockholders$        (12,718)
$        (38,078)



Net loss applicable to common stockholders per common share:


Basic and diluted$           (0.53)
$           (4.32)Weighted average common shares outstanding:


Basic and diluted24,125,745
8,808,574
(1) Amounts include stock-based compensation as follows:
Three Months EndedMarch 31,
2026
2025Cost of goods sold$              21
$              11Research and development28
16Sales and marketing43
37General and administrative901
526Total stock-based compensation expense, net of amounts capitalized$             993
$             590
(2) Amounts include depreciation and amortization as follows:
Three Months EndedMarch 31,
2026
2025Cost of goods sold$           2,266
$           1,913Research and development2,358
2,686General and administrative1,005
1,281Total depreciation and amortization$           5,629
$           5,880 LOCAL BOUNTI CORPORATION
UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION
(in thousands)
RECONCILIATION OF GROSS PROFIT TO ADJUSTED GROSS PROFIT AND ADJUSTED GROSS MARGIN PERCENTAGE

Three Months EndedMarch 31,
2026
2025Sales$       13,337
$       11,605Cost of goods sold11,803
10,144Gross profit1,534
1,461Depreciation2,266
1,913Stock-based compensation21
11Adjusted gross profit$        3,821
$        3,385Adjusted gross margin %29 %
29 % RECONCILIATION OF GENERAL AND ADMINISTRATIVE EXPENSE TO ADJUSTED GENERAL AND ADMINISTRATIVE EXPENSE

Three Months EndedMarch 31,
2026
2025General and administrative$           7,509
$           8,104Stock-based compensation(901)
(526)Depreciation and amortization(1,005)
(1,281)Business acquisition and strategic transaction due diligence and integration
related costs(629)
(96)Litigation(836)
(311)Restructuring and business realignment costs(72)
(75)Adjusted general and administrative$           4,066
$           5,815 LOCAL BOUNTI CORPORATION
UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION
(in thousands)
RECONCILIATION OF NET LOSS TO ADJUSTED EBITDA

Three Months EndedMarch 31,
2026
2025Net loss$        (12,718)
$        (37,675)Stock-based compensation expense993
590Interest expense, net4,034
18,838Depreciation and amortization5,629
5,880Business acquisition and strategic transaction due diligence and integration
related costs629
96Debt restructuring and transaction cost—
649Intellectual property and other litigation836
311Restructuring and business realignment costs72
75Change in fair value of warrant liability(5,243)
3,510Other income (expense), net(7)
(1,056)Adjusted EBITDA$         (5,699)
$         (8,782)  View original content to download multimedia:https://www.prnewswire.com/news-releases/local-bounti-announces-first-quarter-2026-financial-results-302770330.htmlSOURCE Local Bounti Original: Local Bounti Announces First Quarter 2026 Financial Results

Local Bounti shares slip after wider loss despite revenue growthMarch 25, 2026 10:20 AM
IH Market News
Shares of Local Bounti Corporation (NYSE:LOCL) declined more than 2% in after-hours trading on Wednesday after the company reported fourth-quarter results that included solid revenue growth but a larger-than-expected loss.The indoor agriculture company generated fourth-quarter revenue of $12.5 million, representing a 24% increase from $10.1 million in the same period a year earlier. The company posted a loss of $0.38 per share for the quarter. For the full year 2025, revenue rose 27% to $48.4 million, compared with $38.1 million in 2024.Gross profit for the fourth quarter increased significantly, climbing 182% to $1.5 million from $0.5 million in the prior-year period. The company also reported an improvement in adjusted gross margin, which rose about 400 basis points to 29%, compared with 25% in 2024.Net loss narrowed to $8.7 million in the fourth quarter, down from $36.3 million in the same period last year. The improvement was largely driven by a $14.3 million reduction in net interest expense, following a debt restructuring completed during the first quarter of 2025.“Our fourth quarter and full year results reflect a confluence of positive variables — each of our three state-of-the-art facilities are operating at full capacity, our top line grew meaningfully, and the work we’ve done to optimize our network and tighten our cost structure is showing up in our financial performance,” said Kathleen Valiasek, President and CEO.The company’s adjusted EBITDA loss improved by 38% to $5.8 million, compared with a $9.3 million loss in the same quarter a year earlier. For the full year, adjusted EBITDA loss decreased 12% to $28.3 million, from $32.1 million in 2024.Local Bounti said it reduced annualized expenses by approximately $1.5 million during the fourth quarter and nearly $10 million across the full year 2025.At the end of the quarter, the company reported $10.7 million in cash and restricted cash. In March 2026, Local Bounti also secured an additional $15 million investment from an existing strategic investor.Local Bounti Corporation stock price

Original: Local Bounti shares slip after wider loss despite revenue growth

Local Bounti Announces Fourth Quarter and Full Year 2025 Financial ResultsMarch 25, 2026 7:15 AM
PR Newswire (US)

Delivered 27% Annual Revenue Growth and Improved Net Loss and Adjusted EBITDA While Advancing Strategic Retail Partnership DiscussionsDuring the First Quarter 2026, Secured New Retail Accounts to Expand Distribution and Improve Channel MixExisting Strategic Investor Closed on Additional $15 Million in Growth CapitalIssued U.S. Patent for Computer Vision and AI-Driven Growing OptimizationHAMILTON, Mont., March 25, 2026 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company currently servicing approximately 13,000 retail doors, today announced its financial results for the three and twelve months ended December 31, 2025.







Kathleen Valiasek, President and CEO of Local Bounti, stated, "Our fourth quarter and full year results reflect a confluence of positive variables — each of our three state-of-the-art facilities are operating at full capacity, our top line grew meaningfully, and the work we've done to optimize our network and tighten our cost structure is showing up in our financial performance. The efforts to drive stability and efficiency across our operations have been relentless, and I want to commend the Local Bounti team for their continued focus."Ms. Valiasek continued, "We are carrying significant momentum into 2026 and what makes this moment especially exciting is that our improving execution is converging with a positive shift in the market. The same retailers and strategic partners who were cautious about controlled environment agriculture (CEA) a few years ago are now in active discussions about long-term supply partnerships. The velocity of that engagement has picked up meaningfully. Achieving positive adjusted EBITDA remains our highest priority, and as we have shown in the cadence of our financial improvement over this past year, we have been charging ahead on all fronts to demonstrate our commitment toward achieving a sustainable model. As we think about 2026, we're balancing that priority alongside maintaining the flexibility to execute on the commercial opportunities we are pursuing."Craig Hurlbert, Executive Chairman of Local Bounti, stated, "What makes this moment particularly noteworthy for Local Bounti isn't just the financial progress—it's the industry's positive reception to CEA. Retailers are increasingly designing supply chains that assume CEA is permanent infrastructure, and they're looking for the right partners to deliver product at scale. That's the market validation we've been charging towards—and the additional $15 million investment from an existing strategic investor further underscores that confidence. Local Bounti is positioned at the center of this inflection point and we intend to capitalize on it."Fourth Quarter 2025 Financial SummarySales increased 24% to $12.5 million in the fourth quarter of 2025, as compared to $10.1 million in the prior year period. The increase was due to increased production and growth in sales from the facilities in Georgia, Texas, and Washington.Gross profit increased 182% to $1.5 million in the fourth quarter of 2025, as compared to $0.5 million in the prior year period. Adjusted gross margin percentage1, which excludes depreciation and stock-based compensation, and other non-core items, increased approximately 400 basis points to 29%, as compared to 25% in 2024.General and administrative expenses decreased by $1.0 million to $7.1 million in the fourth quarter of 2025, as compared to $8.1 million in the prior year period. The decrease was primarily driven by general cost savings measures. Adjusted general and administrative expense1, which excludes intangible impairment, stock-based compensation, depreciation and amortization, and other non-core items decreased 18% to $4.3 million, as compared to $5.3 million in the prior year period. During the fourth quarter of 2025, the Company reduced its annualized expenses by approximately $1.5 million (to include operating expenses and cost of goods sold).Net loss decreased to $8.7 million in the fourth quarter of 2025 as compared to net loss of $36.3 million for the prior year period, primarily due to a $14.3 million reduction in net interest expense resulting from the debt restructuring activities the Company completed in the first quarter of 2025.Adjusted EBITDA1 loss improved 38% to $5.8 million, as compared to a loss of $9.3 million in the prior year period. Adjusted EBITDA loss for 2025 excludes $1.1 million in stock-based compensation, $4.2 million in interest expense, $5.6 million of depreciation and amortization, $5.0 million loss on change in fair value of warrant liability, and other non-core items.Full Year 2025 Financial SummarySales increased 27% to $48.4 million in 2025, as compared to $38.1 million in 2024. The increase was due to increased production and growth in sales from the facilities in Georgia, Texas, and Washington.Gross profit increased 43% to $5.9 million in 2025, as compared to $4.1 million in 2024. Adjusted gross margin percentage1, which excludes depreciation and stock-based compensation, and other non-core items, increased approximately 200 basis points to 29%, as compared to 27% in 2024.General and administrative expenses increased by $0.9 million to $33.8 million in 2025, as compared to $32.9 million in 2024. The increase was primarily driven by a $3.7 million intangible impairment associated with the "Pete's" trade name, which is no longer in use. Adjusted general and administrative expense1, which excludes the aforementioned intangible impairment, stock-based compensation, depreciation and amortization, and other non-core items decreased 9% to $18.5 million, as compared to $20.3 million in the prior year period. During 2025, the Company reduced its annualized expenses by nearly $10 million (to include operating expenses and cost of goods sold).Net loss decreased 21% to $94.4 million in 2025 as compared to net loss of $119.9 million for the prior year period, primarily due to a $26.8 million reduction in net interest expense resulting from the debt restructuring activities the Company completed in the first quarter of 2025.Adjusted EBITDA1 loss improved 12% to $28.3 million, as compared to a loss of $32.1 million in the prior year period. Adjusted EBITDA loss for 2025 excludes $5.2 million in stock-based compensation, $32.2 million in interest expense, $23.2 million of depreciation and amortization, $3.4 million loss on change in fair value of warrant liability, and other non-core items.1See the reconciliation of GAAP measures to non-GAAP measures at the end of this press release for more information.Product DevelopmentLocal Bounti's launch of its family-sized 10-ounce Romano Caesar Salad Kit in the Pacific Northwest continues to build momentum with consumers at retail — the kit realized a 75% increase in its baseline velocity (units sold per store per week) during the fourth quarter.The Company continues to pursue growth of its Arugula offering following its successful launch at both its Pasco, WA and Mount Pleasant, TX facilities in early 2025.  Conventional arugula is often unreliable and insufficient and is a category that the Company believes it can continue to address through leveraging its baby leaf capabilities.Distribution The Company currently services approximately 13,000 retail doors and expanded its retail presence in select southern markets with a new national retailer in the fourth quarter.  During the first quarter of 2026, the Company secured two additional accounts that are expected to launch in the coming months – a large premier retail customer covering more than 250 stores with a six SKU placement rollout and a large regional retailer.  The Company's quarterly sales to a major e-commerce and DTC customer accelerated by more than 600% during 2025.Commercial Facilities UpdateYield EnhancementThe Company continues to advance its yield improvement and cost reduction initiatives across its facility network. Tower upgrades were completed at each of its facilities during the fourth quarter, which resulted in enhanced production efficiency and an approximate 10% increase in run-rate yield capacity to reach the Company's highest yields to date in the Company's history.The Company is also making select investments in its California facilities to improve operational efficiency, which it believes can improve yields by as much as 20%, resulting in increased throughput and enhanced margins.Capacity Expansion ProjectPlans remain in place to build additional capacity across the Company's network of facilities enabled with its patented Stack & Flow Technology®. The expansions are designed to provide additional capacity and allow for the Company's growing product assortment to meet existing demand from Local Bounti's direct relationships with blue-chip retailers and distributors. The timing and scope of these projects, including plans to expand into the Midwest, remain under review pending ongoing discussions with retailers to optimize those facilities for specific products in support of retail commitments and strategies to expand distribution.Intellectual PropertyIn February 2026, Local Bounti was issued U.S. Patent No. 12,557,741, titled "Optimizing Growing Process in a Hybrid Growing Environment Using Computer Vision and Artificial Intelligence." The patent covers the Company's proprietary methods for using computer vision, machine learning, and automated environmental controls to optimize plant growth across its hybrid vertical and greenhouse growing phases. This is a significant milestone that strengthens the competitive moat around Local Bounti's patented Stack & Flow Technology platform and underscores the Company's technology leadership in controlled environment agriculture. The Company has been deploying these capabilities across all of its Stack & Flow Technology–enabled facilities with tangible results, using AI-driven analysis of plant growth and environmental data to drive improved consistency and yield.Capital StructureThe Company ended the quarter with cash and cash equivalents and restricted cash of $10.7 million as of December 31, 2025.Subsequent to year end, in March 2026, the Company received a $15 million investment from an existing strategic investor, further demonstrating continued confidence in Local Bounti's business and long-term growth trajectory.Over the course of 2025, Local Bounti transformed its capital structure through a series of transactions that significantly improved its balance sheet and financial flexibility. In the first quarter, the Company closed a $25 million equity investment from new and existing investors and restructured its senior credit facility, resulting in a new 10-year term with no cash interest or principal payments until April 2027 and the cancellation of approximately $197 million of debt principal and accrued interest. In August 2025, the Company's existing strategic investors committed $10 million through a convertible note paired with a corresponding $10 million reduction in senior debt principal. The Company also executed equipment leasing arrangements during the year to further bolster liquidity. Combined, these transactions have positioned Local Bounti with the financial flexibility to be strategic with partnerships and growth investments as it advances toward profitability.As of December 31, 2025, Local Bounti had approximately 22.2 million shares outstanding, 6.8 million common shares under warrants outstanding, and approximately 2.9 million restricted stock units outstanding. The Company also has an out-of-the-money convertible note that, if converted, would result in the issuance of approximately 4.1 million common shares. Including the shares issuable in the event of conversion of the convertible note, as well as the warrants and restricted stock units, the Company had a fully diluted share count of approximately 36.0 million shares outstanding as of December 31, 2025.Financial OutlookThe Company expects continued sequential improvements in revenue and adjusted EBITDA loss rate in 2026, driven by ongoing sales growth, cost reduction initiatives, and the ramp of its facilities network. Achieving positive adjusted EBITDA remains a key priority, and management believes the trajectory of financial performance demonstrated throughout 2025 positions the Company to reach this objective.Conference CallThe Company will host a conference call with members of the Local Bounti executive management team. The conference call is scheduled to begin at 8:00 a.m. ET on Wednesday, March 25, 2026. To participate on the live call, listeners in North America may dial (877) 514-3623 and international listeners may dial +1 (201) 689-8768. The Conference ID is 13757430.In addition, the call will be broadcast live via webcast, hosted at the "Investors" section of the Company's website at localbounti.com and will be archived online.About Local BountiLocal Bounti is redefining indoor farming with an innovative method – its patented Stack & Flow Technology® – that significantly improves crop turns, increases output and improves unit economics. Local Bounti operates advanced indoor growing facilities across the United States, servicing approximately 13,000 retail doors. Local Bounti grows healthy food utilizing a hybrid approach that integrates the best attributes of controlled environment agriculture with natural elements. Local Bounti's sustainable growing methods are better for the planet, using 90% less land and 90% less water than conventional farming methods. With a mission to 'revolutionize agriculture, ensuring accessibility to fresh, sustainable, locally grown produce and nourishing communities everywhere for generations to come,' Local Bounti's food is fresher, more nutritious, and lasts longer than traditional agriculture. To find out more, visit localbounti.com or follow Local Bounti on LinkedIn for the latest news and developments.Forward-Looking StatementsThis press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify these forward-looking statements by the use of terms such as "expect," "will," "continue," "believe," "anticipate," "estimate," "project," "intend," "should," "is to be," or similar expressions, and variations or negatives of these words, but the absence of these words does not mean that a statement is not forward-looking. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including, but not limited to statements regarding improving revenue, sales, costs, margins, and financial metrics; product and customer expansions and related timing; facility operations and adjustments; deployment of new technologies; strategic discussions with customers and others; commercial opportunities; financial guidance; timing for reaching positive adjusted EBITDA; lowering cost of capital; and sufficiency of capital. These statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied in this press release. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: Local Bounti's ability to continue as a going concern and the risk that Local Bounti will fail to obtain additional necessary capital when needed on acceptable terms or at all; Local Bounti's ability to generate significant revenue; restrictions and covenants contained in Local Bounti's debt facility agreements with Cargill Financial Services International, Inc. and Local Bounti's ability to comply therewith; the risk that the concentrated ownership of our common stock will prevent other stockholders from influencing significant decisions; the risk that Local Bounti may never achieve or sustain profitability; the risk that Local Bounti could fail to effectively manage its future growth; Local Bounti's ability to complete the build out of its current or additional facilities in the future; Local Bounti's reliance on third parties for construction, the risk of delays relating to material delivery and supply chains, and fluctuating material prices; Local Bounti's ability to scale its operations and decrease its cost of goods sold over time; the potential for damage to or problems with Local Bounti's facilities; the impact that current or future acquisitions, investments or expansions of scope of existing relationships have on Local Bounti's business, financial condition, and results of operations; unknown liabilities that may be assumed in acquisitions; Local Bounti's ability to attract and retain qualified employees; Local Bounti's ability to develop and maintain its brand or brands; Local Bounti's ability to achieve its sustainability goals; Local Bounti's ability to maintain its company culture or focus on its vision as it grows; Local Bounti's ability to execute on its growth strategy; the risk of diseases and pests destroying crops; Local Bounti's ability to compete successfully in the highly competitive markets in which it operates; Local Bounti's ability to defend itself against intellectual property infringement claims or other litigation; Local Bounti's ability to effectively integrate the acquired operations of any CEA or similar operations which it acquires into its existing operations; changes in consumer preferences, perception, and spending habits in the food industry; the risk that seasonality may adversely impact Local Bounti's results of operations; Local Bounti's ability to repay, refinance, restructure, or extend its indebtedness as it comes due; Local Bounti's ability to comply with the continued listing requirements of the New York Stock Exchange ("NYSE") or timely cure any noncompliance thereof; and other risks and uncertainties indicated from time to time, including those under "Risk Factors" and "Forward-Looking Statements" in Local Bounti's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 31, 2025, as supplemented by other reports and documents Local Bounti files from time to time with the SEC. Local Bounti cautions that the foregoing list of factors is not exclusive and cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date hereof. Local Bounti does not undertake or accept any obligation or undertaking to update or revise any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based. We have not filed our Annual Report on Form 10-K ("Form 10-K") for the year ended December 31, 2025. As a result, all financial results described in this release should be considered preliminary, and are subject to change to reflect any necessary adjustments or changes in accounting estimates, that are identified prior to the time we file our Form 10-K.Non-GAAP Financial InformationThis press release contains references to adjusted EBITDA, adjusted gross profit, adjusted gross margin percentage and adjusted general and administrative expense, which are adjusted from results based on generally accepted accounting principles in the United States ("GAAP") and exclude certain expenses, gains, and losses. The Company defines and calculates adjusted EBITDA as net loss attributable to Local Bounti before the impact of interest expense, depreciation, and amortization, and adjusted to exclude stock-based compensation expense, change in fair value of warrant liability, business acquisition and strategic transaction due diligence and integration related costs, litigation costs, loss on disposal of fixed assets, and certain other non-core items. The Company defines and calculates adjusted gross profit as gross profit excluding depreciation and stock-based compensation, and certain other non-core items. The Company defines and calculates adjusted gross margin percentage as adjusted gross profit as a percent of sales. The Company defines and calculates adjusted general and administrative expense as general and administrative expense excluding stock-based compensation, depreciation, amortization, business acquisition and strategic transaction due diligence and integration related costs, litigation costs, and certain other non-core items.These non-GAAP financial measures are provided to enhance the user's understanding of the Company's prospects for the future and the historical performance for the context of the investor. The Company's management team uses these non-GAAP financial measures to assess performance and planning and forecasting future periods. These non-GAAP financial measures are not computed according to GAAP, and the methods the Company uses to compute them may differ from those used by other companies. Non-GAAP financial measures are supplemental; they should not be considered a substitute for, or superior to, financial information presented in accordance with GAAP and should be read only in conjunction with the Company's consolidated financial statements prepared in accordance with GAAP.Refer to the attached financial supplement for a reconciliation of these non-GAAP financial measures to their most directly comparable GAAP measures for the quarter and year ended December 31, 2025.LOCAL BOUNTI CORPORATIONCONSOLIDATED BALANCE SHEETS(in thousands, except share and per share data)

December 31,
2025
2024Assets


Current assets


Cash and cash equivalents$           4,233
$              937Restricted cash6,486
6,529Accounts receivable, net 2,203
2,282Inventory, net7,419
6,814Prepaid expenses and other current assets1,686
2,261Total current assets22,027
18,823Property and equipment, net357,427
370,978Finance lease right-of-use assets, net214
277         Operating lease right-of-use assets, net47
73         Intangible assets, net30,778
37,783         Other assets—
101Total assets$       410,493
$       428,035



Liabilities and stockholders' deficit


Current liabilities


Accounts payable$         11,782
$         16,987Accrued liabilities3,653
18,082Short-term debt—
20,205Financing obligation89
51Operating lease liabilities32
30Finance lease liabilities81
81Total current liabilities15,637
55,436Long-term debt


Principal amount312,250
447,718Plus: Debt premium, net of amortization172,368
—Less: Debt discount, net of amortization(1,498)
—Less: Unamortized deferred financing costs—
(31,141)Long-term debt, net483,120
416,577Accrued interest, noncurrent14,515
—Financing obligation, noncurrent52,015
49,856Operating lease liabilities, noncurrent25
57Finance lease liabilities, noncurrent155
206Warrant liabilities11,262
6,403Total liabilities576,729
528,535Commitments and contingencies


Stockholders' deficit


Common stock, $0.0001 par value, 400,000,000 shares authorized;
22,223,800 and 8,656,122 issued and outstanding as of December 31, 2025
and 2024, respectively2
1Additional paid-in capital351,371
322,729Accumulated deficit(517,609)
(423,230)Total stockholders' deficit(166,236)
(100,500)Total liabilities and stockholders' deficit$       410,493
$       428,035 LOCAL BOUNTI CORPORATIONCONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except per share data)

Three Months Ended, December 31,
Twelve Months Ended
December 31,
2025
2024
2025
2024Sales$         12,457
$         10,070
$         48,365
$         38,138Cost of goods sold(1)(2)10,936
9,530
42,505
34,048Gross profit 1,521
540
5,860
4,090Operating expenses:






Research and development(1)(2)5,436
7,185
25,575
22,287Sales and marketing(1)(2)2,196
2,021
9,143
7,893General and administrative(1)(2)7,111
8,108
33,769
32,878Total operating expenses14,743
17,314
68,487
63,058Loss from operations(13,222)
(16,774)
(62,627)
(58,968)Other income (expense):






Change in fair value of warrant
     liabilities5,009
1,974
(3,358)
811Interest expense, net(4,167)
(18,503)
(32,167)
(58,923)Other income (expense), net 3,683
(2,955)
3,773
(2,822)Net loss(8,697)
(36,258)
(94,379)
(119,902)Less: Deemed dividend to preferred
     stockholders—
—
403
—Net loss attributable to common
     stockholders$          (8,697)
$        (36,258)
$        (94,782)
$      (119,902)







Net loss applicable to common
     stockholders per common share:






Basic and diluted$            (0.38)
$            (4.21)
$            (5.61)
$          (14.14)Weighted average common shares
     outstanding:






Basic and diluted22,808,125
8,609,861
16,895,925
8,480,247
(1) Amounts include stock-based compensation as follows:

Three Months Ended December 31,
Twelve Months Ended
December 31,
2025
2024
2025
2024Cost of goods sold$              22
$              (2)
$             124
$              73Research and development24
24
232
274Sales and marketing100
51
441
(13)General and administrative944
1,174
4,394
3,014Total stock-based compensation expense,
     net of amounts capitalized$         1,090
$         1,247
$          5,191
$          3,348
(2) Amounts include depreciation and amortization as follows:

Three Months Ended December 31,
Twelve Months Ended
December 31,
2025
2024
2025
2024Cost of goods sold$           2,085
$           1,940
$           8,142
$           6,137Research and development2,376
2,600
9,933
7,631General and administrative1,149
1,346
5,122
5,103Total depreciation and amortization$           5,610
$           5,886
$         23,197
$         18,871 LOCAL BOUNTI CORPORATIONUNAUDITED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION(in thousands)
RECONCILIATION OF GROSS PROFIT TO ADJUSTED GROSS PROFIT AND ADJUSTED GROSS MARGIN
PERCENTAGE

Three Months Ended December 31,
Twelve Months Ended
December 31,
2025
2024
2025
2024Sales $       12,457
$       10,070
$       48,365
$       38,138Cost of goods sold 10,936
9,530
42,505
34,048Gross profit1,521
540
5,860
4,090Depreciation2,085
1,940
8,142
6,137Stock-based compensation22
(2)
124
73Storm damage lost product33
—
33
—Restructuring and business realignment
     costs—
—
56
—Acquisition related integration costs—
—
—
183Adjusted gross profit$         3,661
$         2,478
$       14,215
$       10,483Adjusted gross margin %29 %
25 %
29 %
27 % RECONCILIATION OF GENERAL AND ADMINISTRATIVE EXPENSE TO ADJUSTED GENERAL AND
ADMINISTRATIVE EXPENSE

Three Months Ended December 31,
Twelve Months Ended
December 31,
2025
2024
2025
2024General and administrative7,111
8,108
33,769
32,878Stock-based compensation(944)
(1,174)
(4,394)
(3,014)Depreciation and amortization(1,149)
(1,346)
(5,122)
(5,103)Intangibles impairment—
—
(3,700)
—Loss on disposal of fixed assets(238)
(41)
(264)
(1,651)Business acquisition and strategic
     transaction due diligence and
     integration related costs(218)
(240)
(414)
(2,296)Litigation(129)
(33)
(784)
(230)Restructuring and business realignment
     costs(98)
(7)
(578)
(305)Adjusted general and administrative$           4,335
$           5,267
$         18,513
$         20,279 LOCAL BOUNTI CORPORATIONUNAUDITED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION(in thousands)
RECONCILIATION OF NET LOSS TO ADJUSTED EBITDA

Three Months Ended December 31,
Twelve Months Ended
December 31,
2025
2024
2025
2024Net loss$         (8,697)
$        (36,258)
$        (94,379)
$       (119,902)Stock-based compensation expense1,090
1,247
5,191
3,348Interest expense, net4,167
18,503
32,167
58,923Depreciation and amortization5,610
5,886
23,197
18,871Intangibles impairment—
—
3,700
—Loss on disposal of fixed assets238
41
264
1,651Storm damage lost product33
—
33
—Business acquisition and strategic
     transaction due diligence and
     integration related costs218
240
414
2,479Debt restructuring transaction cost—
—
1,041
—Intellectual property and other litigation129
33
784
230Restructuring and business realignment
     costs98
7
757
305Change in fair value of warrant liability(5,009)
(1,974)
3,358
(811)Other income (expense), net (3,683)
2,955
(4,814)
2,822Adjusted EBITDA$         (5,806)
$         (9,320)
$        (28,287)
$        (32,084) 



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Original: Local Bounti Announces Fourth Quarter and Full Year 2025 Financial Results

Local Bounti Receives Continued Listing Standard Notice from NYSEFebruary 11, 2026 4:05 PM
PR Newswire (US)

HAMILTON, Mont., Feb. 11, 2026 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that on February 5, 2026, it received a notice (the "Notice") from the New York Stock Exchange (the "NYSE") that it is not in compliance with the NYSE continued listing standards set forth in Section 802.01B of the NYSE Listed Company Manual (the "Minimum Market Capitalization Standard") due to the fact that the Company's average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its stockholders' equity was less than $50 million.







In accordance with NYSE procedures, the Company intends to notify the NYSE that it plans to submit a plan within 45 days of receipt of the Notice advising the NYSE of definitive action it has taken, or is taking, to bring it into compliance with the Minimum Market Capitalization Standard within nine months of receipt of the Notice (the "Market Capitalization Cure Period"). Any plan submitted by the Company to regain compliance would be subject to NYSE approval.The Notice has no immediate impact on the listing of the Company's common stock, which will continue to trade on the NYSE during the Market Capitalization Cure Period. The Company is considering all available options to regain compliance with the NYSE continued listing standards. The Company can provide no assurances that it will be able to satisfy any of the steps outlined above and maintain the listing of its shares on the NYSE.About Local BountiLocal Bounti is redefining indoor farming with an innovative method – its patented Stack & Flow Technology® – that significantly improves crop turns, increases output and improves unit economics. Local Bounti operates advanced indoor growing facilities across the United States, servicing approximately 13,000 retail doors. Local Bounti grows healthy food utilizing a hybrid approach that integrates the best attributes of controlled environment agriculture with natural elements. Local Bounti's sustainable growing methods are better for the planet, using 90% less land and 90% less water than conventional farming methods. With a mission to 'revolutionize agriculture, ensuring accessibility to fresh, sustainable, locally grown produce and nourishing communities everywhere for generations to come,' Local Bounti's food is fresher, more nutritious, and lasts longer than traditional agriculture. To find out more, visit localbounti.com or follow Local Bounti on LinkedIn for the latest news and developments.Forward-Looking StatementsThis press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify these forward-looking statements by the use of terms such as "expect," "will," "continue," "believe," "anticipate," "estimate," "project," "intend," "should," "is to be," or similar expressions, and variations or negatives of these words, but the absence of these words does not mean that a statement is not forward-looking. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including, but not limited to, statements regarding the Company's ability to regain compliance with the Minimum Market Capitalization Standard within the Market Capitalization Cure Period and the Company's ability to continue to comply with applicable listing standards of the NYSE. These statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied in this press release. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: Local Bounti's ability to continue as a going concern and the risk that Local Bounti will fail to obtain additional necessary capital when needed on acceptable terms or at all; Local Bounti's ability to generate significant revenue; restrictions and covenants contained in Local Bounti's debt facility agreements with Cargill Financial Services International, Inc. and Local Bounti's ability to comply therewith; the risk that the concentrated ownership of our common stock will prevent other stockholders from influencing significant decisions; the risk that Local Bounti may never achieve or sustain profitability; the risk that Local Bounti could fail to effectively manage its future growth; Local Bounti's ability to complete the build out of its current or additional facilities in the future; Local Bounti's reliance on third parties for construction, the risk of delays relating to material delivery and supply chains, and fluctuating material prices; Local Bounti's ability to scale its operations and decrease its cost of goods sold over time; the potential for damage to or problems with Local Bounti's facilities; the impact that current or future acquisitions, investments or expansions of scope of existing relationships have on Local Bounti's business, financial condition, and results of operations; unknown liabilities that may be assumed in acquisitions; Local Bounti's ability to attract and retain qualified employees; Local Bounti's ability to develop and maintain its brand or brands; Local Bounti's ability to achieve its sustainability goals; Local Bounti's ability to maintain its company culture or focus on its vision as it grows; Local Bounti's ability to execute on its growth strategy; the risk of diseases and pests destroying crops; Local Bounti's ability to compete successfully in the highly competitive markets in which it operates; Local Bounti's ability to defend itself against intellectual property infringement claims or other litigation; Local Bounti's ability to effectively integrate the acquired operations of any CEA or similar operations which it acquires into its existing operations; changes in consumer preferences, perception, and spending habits in the food industry; the risk that seasonality may adversely impact Local Bounti's results of operations; Local Bounti's ability to repay, refinance, restructure, or extend its indebtedness as it comes due; Local Bounti's ability to comply with the continued listing requirements of the NYSE or timely cure any noncompliance thereof; and other risks and uncertainties indicated from time to time, including those under "Risk Factors" and "Forward-Looking Statements" in Local Bounti's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 31, 2025, as supplemented by other reports and documents Local Bounti files from time to time with the SEC. Local Bounti cautions that the foregoing list of factors is not exclusive and cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date hereof. Local Bounti does not undertake or accept any obligation or undertaking to update or revise any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.



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Original: Local Bounti Receives Continued Listing Standard Notice from NYSE

Missing out Funtime over $3.80s 

LOCL...ANOTHER CHINA READY TO POP

lol yah after the CFO supposedly bought a bunch, when it last went up in the same week it was downgraded.

$LOCL insiders probably dumped their shares and went short.

LOCL new 52 week low

Sure doesn't look like the Yale School of Management teaches people to manage horticulture-related businesses.

Who actually thought one could compete with the insane efficiency, organization and experience of leafy green growers here in California and Arizona???

There's a reason most if not all major greens producers in California's ultra fertile Salinas Valley own multiple private jets they use to check in operations in Arizona, and for whatever else.

Spoiler alert - it costs too much money to heat greenhouses in many parts of the country and how in the hell would one cool one in Georgia during the summer? Exactly...

If you shorted this then you likely know more than the tech business oriented folks behind this; bummer if you bought what you read in pitch decks.