LOCL
Local Bounti Corporation2.5900
+0.0900+3.6%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
57.68MP/E (TTM)
-Basic EPS (TTM)
-10.01Dividend Yield
0%Recent Filings
8-K
Interim CFO appointed
Local Bounti appointed Anthony Hughes, its Senior VP of Finance and Chief Accounting Officer, as Interim CFO effective December 9, 2025, succeeding Kathleen Valiasek, who steps back from the role but stays on as CEO and President—now also named to the newly expanded board as a Class III director. No compensation changes for Hughes. Leadership shuffle frees Valiasek to focus on CEO duties.
8-K
19% revenue growth, costs cut
Local Bounti posted Q3 revenue of $12.2 million, up 19% year-over-year from $10.2 million, driven by production ramps in Georgia, Texas, and Washington facilities. Texas automation boosted labor productivity 19% while cutting costs 17% per pound; adjusted EBITDA loss narrowed to $7.2 million from $8.4 million. Expenses slashed nearly $8 million YTD, with $1.5-2 million more targeted Q4. Positive adjusted EBITDA eyed early 2026.
8-K
Stockholders approve share issuances
Local Bounti Corporation's stockholders overwhelmingly approved the issuance of up to 5,131,871 common shares upon conversion of a convertible note and 550,000 shares underlying a warrant, both issued to U.S. Bounti under an August 1, 2025 purchase agreement, ensuring NYSE compliance. With 74.2% quorum at the October 14, 2025 special meeting, 16.4 million votes favored the proposal against just 17,872 opposed. This clears the path for the conversion.
10-Q
Q2 FY2025 results
Local Bounti posted solid sales growth in Q2 FY2025 ended June 30, 2025, with revenue up 28% y/y to $12.1M from expanded production at Georgia, Texas, and Washington facilities, while gross profit edged 9% higher to $1.5M amid ramp-up costs. Yet operating losses widened 11% y/y to $15.5M, driven by 44% higher R&D spending on Stack & Flow refinements, though net losses narrowed 15% y/y to $21.6M thanks to lower interest from the March debt restructuring that slashed principal to $312M. Diluted EPS improved to $(1.63) on 13.3M weighted shares, reconciling cleanly without anti-dilution flags. Cash climbed to $13.2M including restricted, with free cash flow negative at $(29.2M) (derived) from $18.3M operating burn minus $10.9M capex; the $25M PIPE closed March 31, 2025, funded general purposes after Series A conversion. Post-quarter, an August $10M convertible note from U.S. Bounti cut debt to $302M. Concentrated ownership by U.S. Bounti, at 55% voting power, could sideline minority voices on big calls.
8-K
28% revenue growth, cost cuts
Local Bounti reported Q2 2025 revenue of $12.1 million, up 28% year-over-year, fueled by expanded operations in Georgia, Texas, and Washington facilities. The company slashed annualized expenses by $7 million in the first half, with $2.5 to $3 million more planned for the second half, while closing a $10 million convertible note that reduced principal debt by $10 million. Adjusted EBITDA loss narrowed to $6.5 million. Positive adjusted EBITDA now eyed for early 2026. Retail timelines pose risks.
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