LOCL
Local Bounti Corporation2.5900
+0.0900+3.6%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '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
8-K
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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